Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.089%

Price spread now: Gate against Hyperliquid−0.170%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 7 days+0.176%+$18 · spread now −0.170%, 7d avg −0.067%

Together, before fees+0.011%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.104% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7463	0.0340	pay 0.0042% / 1h	16m 45s	$25.9M	$6.9M	5x
Short	Gate ASTER_USDT	0.7450	0.0100	get 0.0050% / 4h	16m 45s	$6.3M	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.170%Rate

Funding earned: −$50.37
Price spread: −0.170% → −0.067%: −$10.36
Slippage, 4 orders: −$24.41
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.14
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago	1.41 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.02 bp	15.0 bp −$15	32.5 bp −$325	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-INTX	−0.0136%	1h	0.7447	−0.217%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7450	−0.176%	$56.7M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7444	−0.254%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7446	−0.221%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7443	−0.261%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7454	−0.112%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.974%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7452	−0.139%	$923K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	−0.237%	$373K	$267K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7446	−0.229%	$255K	$104K	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	0.7451	−0.151%	$91.3M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7455	−0.103%	$49.9M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7452	−0.143%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7450	−0.170%	$6.3M	$5.1M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7450	−0.170%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7449	−0.178%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7453	−0.130%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7451	−0.157%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7444	−0.249%	$220K	$394K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7443	−0.257%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	−0.165%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	−0.224%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	−0.210%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	−0.157%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7448	−0.197%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7446	−0.224%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7449	−0.183%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7446	−0.225%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7445	−0.237%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	−0.266%	$28K	—	100x	as long as short
Hyperliquid ASTERlong	+0.0340%	1h	0.7463	long leg	$25.9M	$6.9M	5x
BloFin ASTER-USDT	+0.0340%	4h	0.7450	−0.170%	$3.5M	$1.9M	75x	as long as short