Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.064%

Price spread now: GRVT against Hyperliquid−0.360%65s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.440% of the position

Long on Hyperliquid Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 7 days+0.418%+$42 · spread now −0.360%, 7d avg −0.052%

Together, before fees+0.279%+ Points / potential airdropHyperliquid: Season 2 · GRVT: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.307% cheaper against Hyperliquid than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.052%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7350	0.0189	pay 0.0024% / 1h	58m 24s	$25.5M	$6.5M	5x
Short	GRVT ASTER_USDT_Perp	0.7324	0.0100	get 0.0050% / 4h	58m 24s	$448K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.360%Rate

Funding earned: −$18.65
Price spread: −0.360% → −0.052%: −$30.74
Slippage, 4 orders: −$25.99
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$93.39
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; GRVT: live order book, 6 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 GRVT live order book, 6 min ago	0.68 bp	20.3 bp −$20	26.7 bp −$267	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	−0.0072%	1h	0.7340	−0.140%	$277K	$886K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7347	−0.046%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7349	−0.017%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7343	−0.099%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7339	−0.156%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.544%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7340	−0.136%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7352	+0.023%	$895K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7349	−0.014%	$368K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7350	−0.004%	$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	0.7346	−0.054%	$90.3M	$111.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7344	−0.082%	$48.9M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7342	−0.109%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7349	−0.014%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7344	−0.082%	$34.0M	$18.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7345	−0.067%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7349	−0.014%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7336	−0.190%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7346	−0.050%	$219K	$487K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7321	−0.395%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perpshort	+0.0100%	4h	0.7324	−0.360%	$448K	$3.8M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7322	−0.381%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7341	−0.122%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7343	−0.095%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7336	−0.190%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7343	−0.091%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7318	−0.431%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7347	−0.041%	$8K	$4K	10x	as long as short
Hyperliquid ASTERlong	+0.0189%	1h	0.7350	long leg	$25.5M	$6.5M	5x
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7349	−0.019%	$338K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7336	−0.189%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7338	−0.163%	$3.5M	$1.9M	75x	as long as short