Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.087%

Price spread now: Hyperliquid against Variational Omni+0.258%7-day average +0.096% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.167%+$17 on $10k

Price spread, last 7 days−0.197%−$20 · spread now +0.258%, 7d avg +0.096%

Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.162% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ASTER	0.7443	0.0100	pay 0.0050% / 4h	16m 40s	$2.1M	$372K	—
Short	Hyperliquid ASTER	0.7463	0.0340	get 0.0042% / 1h	16m 40s	$25.9M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.258%Rate

Funding earned: $50.37
Price spread: +0.258% → +0.096%: $16.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $57.52
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Hyperliquid: live order book, 6 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 Variational Omni RFQ quote, 2 min ago	4.03 bp	doesn't fit	41.7 bp −$417	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.41 bp	7.5 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	−0.0136%	1h	0.7447	+0.040%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7451	+0.101%	$56.7M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7452	+0.114%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7446	+0.036%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7443	−0.004%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7454	+0.146%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.719%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7457	+0.185%	$924K	$884K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	+0.020%	$373K	$267K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7455	+0.156%	$255K	$104K	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	0.7453	+0.128%	$91.3M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7454	+0.141%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7452	+0.114%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7453	+0.128%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7453	+0.128%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7453	+0.126%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7453	+0.128%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7450	+0.087%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7444	+0.008%	$220K	$394K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7443	long leg	$2.1M	$372K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.093%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	+0.034%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	+0.047%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7451	+0.101%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7448	+0.061%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7446	+0.034%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7451	+0.095%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0109%	4h	0.7446	+0.032%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7453	+0.128%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	−0.009%	$28K	—	100x	as long as short
Hyperliquid ASTERshort	+0.0340%	1h	0.7463	+0.258%	$25.9M	$6.9M	5x
BloFin ASTER-USDT	+0.0340%	4h	0.7450	+0.087%	$3.5M	$1.9M	75x	as long as short