ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h +0.109%

Price spread now: Hyperliquid against Kraken Futures+0.177%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs+$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.750%+$75 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.177%, 7d avg +0.092%

Together, before fees+0.700%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.085% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.177% now, against its 7-day average of +0.092%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.750%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7235	0.0299	pay 0.0037% / 1h	32m 10s	$335K	$626K	20x
Short	Hyperliquid ASTER	0.7248	0.0100	get 0.0013% / 1h	32m 10s	$24.8M	$8.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$41.74
Price spread: +0.177% → +0.092%: $8.47
Slippage, 4 orders: −$27.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$80.09
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 16 min ago; Hyperliquid: 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 Kraken Futures live order book, 16 min ago	4.13 bp	16.2 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.83 bp	9.0 bp −$9	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	−0.0048%	1h	0.7234	−0.016%	$267K	$1.2M	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0040%	1h	0.7231	−0.058%	$11K	$72K	25x	as long as short
01 Exchange ASTERUSD	−0.0008%	1h	0.7244	+0.123%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7236	+0.012%	$51.9M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7244	+0.120%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7240	+0.070%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.141%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7240	+0.067%	$13K	$1K	10x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7234	−0.022%	$364K	$637K	25x	as long as short
Lighter ASTER	+0.0096%	1h	0.7236	+0.012%	$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	0.7242	+0.095%	$340K	$285K	5x	as long as short
Hyperliquid ASTERshort	+0.0100%	1h	0.7248	+0.177%	$24.8M	$8.0M	5x
Pacifica ASTER	+0.0100%	1h	0.7242	+0.095%	$252K	$83K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7235	−0.002%	$89.3M	$122.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7234	−0.016%	$48.7M	$25.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7237	+0.026%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7241	+0.081%	$6.3M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7236	+0.012%	$34.1M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7232	−0.036%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7231	−0.057%	$17.7M	$8.1M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7240	+0.067%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7236	+0.005%	$210K	$488K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7253	+0.252%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7243	+0.110%	$446K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7275	+0.551%	$99K	$734K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7243	+0.109%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7233	−0.029%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7234	−0.016%	$241K	$145K	20x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7267	+0.440%	$212K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0299%	1h	0.7235	long leg	$335K	$626K	20x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7242	+0.091%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7232	−0.043%	$3.5M	$2.1M	75x	as long as short