ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h −0.143%

Price spread now: Coinbase International against Hyperliquid−0.003%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 4 days (all we have)−0.405%−$40 · spread now −0.003%, 7d avg −0.151%

Together, before fees−0.812%+ Points / potential airdropHyperliquid: Season 2 · farm board−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.148% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.151%): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7340	0.0105	pay 0.0013% / 1h	58m 06s	$25.4M	$6.5M	5x
Short	Coinbase International ASTER-PERP-INTX	0.7340	−0.0072	pay 0.0009% / 1h	58m 06s	$277K	$886K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$37.25
Price spread: −0.003% → −0.151%: $14.82
Slippage, 4 orders: −$21.18
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.61
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Coinbase International: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 5 min ago	0.68 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 65 min ago	4.41 bp	14.1 bp −$14	19.0 bp −$190	doesn't fit	doesn't fit

ASTER on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International ASTER-PERP-INTXshort	−0.0072%	1h	0.7340	−0.003%	$277K	$886K	50x
Deribit ASTER_USDC-PERPETUAL	−0.0036%	1h	0.7336	−0.063%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7339	−0.016%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7349	+0.113%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7339	−0.027%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.674%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7337	−0.048%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7338	−0.037%	$894K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7349	+0.116%	$368K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7350	+0.126%	$255K	$73K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7329	−0.151%	$90.1M	$110.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7326	−0.197%	$48.7M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7330	−0.143%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7337	−0.048%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7333	−0.102%	$34.0M	$18.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7336	−0.067%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7338	−0.034%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7331	−0.129%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7334	−0.090%	$218K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.266%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.231%	$448K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.252%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7356	+0.211%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7335	−0.075%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	+0.130%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7334	−0.090%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7318	−0.302%	$212K	$2.0M	10x	as long as short
Hyperliquid ASTERlong	+0.0105%	1h	0.7340	long leg	$25.4M	$6.5M	5x
01 Exchange ASTERUSD	+0.0144%	1h	0.7347	+0.089%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7337	−0.046%	$337K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7336	−0.059%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7338	−0.034%	$3.5M	$1.9M	75x	as long as short