Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against KuCoin+0.102%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.102%, 7d avg +0.064%

Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7344	0.0100	pay 0.0050% / 4h	54m 35s	$10.8M	$3.2M	75x
Short	Hyperliquid ASTER	0.7352	0.0168	get 0.0021% / 1h	54m 35s	$25.5M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.102%Rate

Funding earned: $14.24
Price spread: +0.102% → +0.064%: $3.83
Slippage, 4 orders: −$38.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.05
Costs to cover: 0.591%
Break-even: 27.2 days

Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: live order book, 8 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 KuCoin live order book, 4 min ago	6.27 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.68 bp	6.7 bp −$7	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	−0.0072%	1h	0.7328	−0.227%	$277K	$884K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7344	−0.002%	$54.6M	$102.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7347	+0.030%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7345	+0.007%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7347	+0.043%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.622%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0077%	4h	0.7348	+0.050%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7347	+0.037%	$895K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7343	−0.018%	$368K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7346	+0.024%	$255K	$73K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7341	−0.041%	$90.6M	$111.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7342	−0.031%	$48.8M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7344	−0.004%	$12.1M	$18.7M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7346	+0.023%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7341	−0.045%	$33.7M	$18.1M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7344	long leg	$10.8M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7343	−0.018%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7343	−0.018%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7349	+0.063%	$218K	$486K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7353	+0.122%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7329	−0.203%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7335	−0.127%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7354	+0.132%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7346	+0.023%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	+0.078%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7341	−0.041%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7328	−0.215%	$212K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0120%	1h	0.7344	−0.004%	$8K	$4K	10x	as long as short
Hyperliquid ASTERshort	+0.0168%	1h	0.7352	+0.102%	$25.5M	$6.5M	5x
Kraken Futures PF_ASTERUSD	+0.0281%	1h	0.7349	+0.067%	$338K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7346	+0.021%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7346	+0.023%	$3.5M	$1.9M	75x	as long as short