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% APRpaid last 24h −0.072%

Price spread now: Variational Omni against Hyperliquid+0.077%7-day average −0.103% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.169%−$17 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.077%, 7d avg −0.103%

Together, before fees−0.297%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$30 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: Variational Omni is 0.180% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7248	0.0100	pay 0.0013% / 1h	32m 47s	$24.8M	$8.0M	5x
Short	Variational Omni ASTER	0.7253	0.0100	get 0.0050% / 4h	2h 32m	$2.1M	$391K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.103%: $18.03
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.03
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	4.84 bp	doesn't fit	35.3 bp −$353	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	−0.228%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0048%	1h	0.7236	−0.157%	$267K	$1.2M	50x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7235	−0.177%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7242	−0.074%	$52.0M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7244	−0.055%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7232	−0.217%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.962%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7237	−0.149%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7232	−0.217%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7241	−0.092%	$876K	$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	−0.177%	$339K	$285K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7248	long leg	$24.8M	$8.0M	5x
Pacifica ASTER	+0.0100%	1h	0.7234	−0.188%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7243	−0.066%	$89.4M	$122.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7242	−0.080%	$48.8M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7244	−0.052%	$12.5M	$20.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7233	−0.204%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7235	−0.177%	$34.1M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7232	−0.221%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7235	−0.177%	$17.7M	$8.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7234	−0.190%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7236	−0.170%	$210K	$488K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7253	+0.077%	$2.1M	$391K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7243	−0.065%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7275	+0.375%	$99K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7241	−0.094%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7230	−0.246%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7234	−0.190%	$241K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7267	+0.264%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0299%	1h	0.7235	−0.182%	$335K	$626K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7232	−0.220%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.218%	$3.5M	$2.1M	75x	as long as short