Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.074%

Price spread now: Hyperliquid against Orderly+0.221%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.221% dearer against Orderly than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7378	0.0093	pay 0.0047% / 4h	2h 51m	$14K	$845	10x
Short	Hyperliquid ASTER	0.7394	0.0100	get 0.0013% / 1h	51m 57s	$25.7M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Orderly. 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 OrderlybpFee HyperliquidbpOrdersPrice spread, now +0.221%Rate

Funding earned: $1.46
Price spread: +0.221% → 0.000%: $22.09
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $8.55
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 11 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 Orderly no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	1.14 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni ASTERUSDT	−0.0718%	1h	0.7343	−0.474%	$65K	$715K	50x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7371	−0.096%	$270K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7379	+0.012%	$55.6M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7377	−0.018%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7378	−0.004%	$29K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7380	+0.027%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.163%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0093%	4h	0.7378	long leg	$14K	$845	10x
Lighter ASTER	+0.0096%	1h	0.7383	+0.068%	$896K	$897K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7378	+0.001%	$369K	$255K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTERshort	+0.0100%	1h	0.7394	+0.221%	$25.7M	$6.5M	5x
Pacifica ASTER	+0.0100%	1h	0.7380	+0.023%	$253K	$70K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7388	+0.136%	$90.5M	$109.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7388	+0.136%	$49.5M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7392	+0.190%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7383	+0.068%	$6.4M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7387	+0.122%	$35.2M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7388	+0.131%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7387	+0.122%	$18.0M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7386	+0.108%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7387	+0.125%	$221K	$474K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7328	−0.680%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7324	−0.730%	$453K	$3.7M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7374	−0.054%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	+0.068%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7381	+0.041%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7386	+0.103%	$369K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0113%	4h	0.7354	−0.330%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7387	+0.120%	$340K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7375	−0.035%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7367	−0.149%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0663%	1h	0.7377	−0.016%	$15K	$1K	5x	as long as short