Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.061%

Price spread now: edgeX against Hyperliquid+0.278%7-day average −0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days−0.332%−$33 · spread now +0.278%, 7d avg −0.123%

Together, before fees−0.450%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.401% dearer against Hyperliquid than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.123%. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7229	0.0100	pay 0.0013% / 1h	5m 28s	$24.5M	$7.7M	5x
Short	edgeX ASTERUSDC	0.7249	0.0112	get 0.0056% / 4h	5m 28s	$211K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.278%Rate

Funding earned: $2.52
Price spread: +0.278% → −0.123%: $40.08
Slippage, 4 orders: −$10.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $13.83
Costs to cover: 0.288%
Break-even: from the start

Slippage from Hyperliquid: live order book, 8 min ago; edgeX: live order book, 3 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, 8 min ago	0.28 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	2.07 bp	6.6 bp −$7	12.4 bp −$124	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
Deribit ASTER_USDC-PERPETUAL	−0.0151%	1h	0.7238	+0.120%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7242	+0.178%	$255K	$1.0M	50x	as long as short
01 Exchange ASTERUSD	−0.0016%	1h	0.7225	−0.055%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7223	−0.082%	$52.4M	$110.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7226	−0.045%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7224	−0.068%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.228%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0065%	4h	0.7220	−0.124%	$13K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7225	−0.059%	$874K	$922K	5x	as long as short
Extended ASTER-USD	+0.0096%	1h	0.7223	−0.083%	$361K	$635K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7229	+0.004%	$352K	$272K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7229	long leg	$24.5M	$7.7M	5x
Pacifica ASTER	+0.0100%	1h	0.7227	−0.023%	$252K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7221	−0.110%	$88.6M	$120.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7221	−0.110%	$48.5M	$25.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7226	−0.041%	$12.2M	$19.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7222	−0.096%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7221	−0.110%	$33.1M	$20.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7223	−0.079%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7223	−0.082%	$17.7M	$7.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7223	−0.082%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7240	+0.149%	$209K	$495K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7237	+0.115%	$2.0M	$401K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7248	+0.263%	$445K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7251	+0.305%	$98K	$732K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7246	+0.236%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7239	+0.139%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7244	+0.208%	$241K	$141K	20x	as long as short
edgeX ASTERUSDCshort	+0.0112%	4h	0.7249	+0.278%	$211K	$2.1M	10x
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7243	+0.199%	$342K	$590K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7223	−0.083%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7250	+0.291%	$3.5M	$2.1M	75x	as long as short