Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.064%

Price spread now: SunX against Hyperliquid+0.016%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2432.434% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.016%, 7d avg +0.017%

Together, before fees−0.115%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: $0 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	0.7314	0.0112	pay 0.0014% / 1h	34m 40s	$24.9M	$8.0M	5x
Short	SunX ASTER-USDT	0.7315	0.0100	get 0.0050% / 4h	3h 34m	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$2.45
Price spread: +0.016% → +0.017%: −$0.07
Slippage, 4 orders: −$226.44
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$245.97
Costs to cover: 2.434%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; SunX: live order book, 11 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, 8 min ago	1.03 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	15.74 bp	134.6 bp −$135	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	−0.0064%	1h	0.7292	−0.302%	$253K	$1.1M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7307	−0.096%	$52.8M	$111.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7303	−0.152%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7306	−0.111%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7307	−0.093%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.042%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0067%	4h	0.7307	−0.093%	$13K	$1K	10x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7307	−0.093%	$8K	$4K	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7309	−0.060%	$884K	$919K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7305	−0.126%	$362K	$272K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7306	−0.103%	$254K	$81K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7303	−0.143%	$90.3M	$121.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7303	−0.148%	$49.1M	$25.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7307	−0.093%	$12.5M	$20.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7306	−0.107%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7302	−0.161%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7303	−0.148%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7304	−0.134%	$17.8M	$7.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7307	−0.093%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7310	−0.051%	$208K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7293	−0.281%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7295	−0.261%	$456K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7300	−0.189%	$99K	$732K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7315	+0.016%	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7305	−0.120%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7305	−0.120%	$243K	$142K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7305	−0.127%	$365K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7297	−0.224%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTERlong	+0.0112%	1h	0.7314	long leg	$24.9M	$8.0M	5x
Kraken Futures PF_ASTERUSD	+0.0205%	1h	0.7308	−0.076%	$339K	$610K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7305	−0.124%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7306	−0.107%	$3.5M	$2.1M	75x	as long as short