Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0111%/8h= −12.1% APRpaid last 24h −0.068%

Price spread now: KuCoin against Hyperliquid−0.060%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.060%, 7d avg −0.062%

Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7463	0.0211	pay 0.0026% / 1h	21m 15s	$26.0M	$6.5M	5x
Short	KuCoin ASTERUSDTM	0.7459	0.0100	get 0.0050% / 4h	3h 21m	$11.1M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$23.21
Price spread: −0.060% → −0.062%: $0.22
Slippage, 4 orders: −$32.37
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.36
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; KuCoin: 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, 12 min ago	0.67 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.02 bp	18.3 bp −$18	doesn't fit	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	−0.0080%	1h	0.7457	−0.080%	$266K	$854K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7454	−0.121%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7453	−0.141%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7458	−0.066%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7453	−0.135%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.978%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7466	+0.035%	$344K	$493K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7451	−0.161%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7459	−0.054%	$919K	$881K	5x	as long as short
01 Exchange ASTERUSD	+0.0096%	1h	0.7446	−0.228%	$8K	$4K	10x	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	0.7454	−0.114%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7455	−0.110%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7455	−0.107%	$91.7M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7457	−0.080%	$49.9M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7458	−0.067%	$12.1M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7458	−0.067%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7455	−0.107%	$35.6M	$16.8M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7459	−0.060%	$11.1M	$3.1M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7456	−0.094%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7456	−0.094%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7455	−0.105%	$221K	$444K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.157%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	−0.063%	$457K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7457	−0.080%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7459	−0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7459	−0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7455	−0.107%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7458	−0.063%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7453	−0.133%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTERlong	+0.0211%	1h	0.7463	long leg	$26.0M	$6.5M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7453	−0.137%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7457	−0.080%	$3.5M	$1.9M	75x	as long as short