Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.064%

Price spread now: Pacifica against Hyperliquid−0.044%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.044%, 7d avg −0.079%

Together, before fees−0.122%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$12 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: Pacifica is 0.034% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7237	0.0100	pay 0.0013% / 1h	32m 52s	$24.7M	$8.0M	5x
Short	Pacifica ASTER	0.7234	0.0100	get 0.0013% / 1h	32m 52s	$252K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.079%: $3.43
Slippage, 4 orders: −$19
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.56
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Pacifica: live order book, 15 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	0.83 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 15 min ago	2.68 bp	13.2 bp −$13	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
Deribit ASTER_USDC-PERPETUAL	−0.0123%	1h	0.7231	−0.084%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7236	−0.014%	$267K	$1.2M	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7235	−0.033%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7235	−0.027%	$51.9M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7230	−0.104%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7232	−0.073%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.108%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7237	−0.006%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7232	−0.074%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7234	−0.054%	$875K	$922K	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	0.7235	−0.033%	$339K	$285K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7237	long leg	$24.7M	$8.0M	5x
Pacifica ASTERshort	+0.0100%	1h	0.7234	−0.044%	$252K	$83K	10x
Binance ASTERUSDT	+0.0100%	4h	0.7233	−0.061%	$89.3M	$122.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7236	−0.019%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7239	+0.022%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7233	−0.061%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7235	−0.033%	$34.1M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7232	−0.077%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7231	−0.088%	$17.7M	$8.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7234	−0.047%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7236	−0.026%	$210K	$488K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7253	+0.221%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7243	+0.078%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7275	+0.520%	$99K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7241	+0.050%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7230	−0.102%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7234	−0.047%	$241K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7267	+0.408%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0299%	1h	0.7235	−0.038%	$335K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7232	−0.077%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.075%	$3.5M	$2.1M	75x	as long as short