Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.065%

Price spread now: MEXC against Hyperliquid−0.150%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Hyperliquid Short on MEXC

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+0.120%+$12 · spread now −0.150%, 7d avg −0.070%

Together, before fees−0.019%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7291	0.0100	pay 0.0013% / 1h	32m 57s	$25.3M	$6.9M	5x
Short	MEXC ASTER_USDT	0.7280	0.0100	get 0.0050% / 4h	32m 57s	$33.4M	$18.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.070%: −$7.96
Slippage, 4 orders: −$4.45
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.4
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; MEXC: live order book, 1 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, 10 min ago	0.07 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.69 bp	0.9 bp −$1	4.3 bp −$43	24.4 bp −$2,436	127.1 bp −$63.6K

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	0.7269	−0.304%	$253K	$983K	50x	as long as short
01 Exchange ASTERUSD	−0.0064%	1h	0.7273	−0.246%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	−0.0032%	4h	0.7281	−0.130%	$53.3M	$109.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7267	−0.332%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7279	−0.160%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7277	−0.194%	$31K	—	150x	as long as short
SoDEX ASTER-USD	+0.0013%	1h	0.7280	−0.150%	$13K	$8K	5x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.359%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7280	−0.150%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7280	−0.143%	$880K	$921K	5x	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	0.7276	−0.201%	$359K	$264K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7291	long leg	$25.3M	$6.9M	5x
Pacifica ASTER	+0.0100%	1h	0.7268	−0.311%	$253K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7282	−0.118%	$89.2M	$118.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7280	−0.150%	$48.8M	$24.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7286	−0.067%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7281	−0.136%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7280	−0.150%	$33.4M	$18.8M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7277	−0.192%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7280	−0.150%	$17.8M	$7.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7283	−0.108%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7286	−0.066%	$218K	$494K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7217	−1.010%	$2.0M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7256	−0.473%	$448K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7254	−0.506%	$88K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7288	−0.040%	$2K	$1.7M	20x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7276	−0.204%	$242K	$140K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7278	−0.172%	$363K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7243	−0.652%	$210K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7286	−0.068%	$339K	$577K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7275	−0.214%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7274	−0.232%	$3.5M	$2.1M	75x	as long as short