Funding you earn now, next payment 03:00 UTC−0.0491%/8h= −53.8% APRpaid last 24h −0.079%
Price spread now: Aster against Hyperliquid−0.079%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 5 days (all we have)−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.079%, 7d avg −0.031%
=Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Aster is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.115% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2024 | 0.0591 | pay 0.0074% / 1h | 47m 12s | $8.9M | $8.4M | 5x |
| Short | Aster FETUSDT | 0.2022 | 0.0100 | get 0.0100% / 8h | 5h 47m | $258K | $719K | 10x |
Hyperliquid FET
Aster FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$103.16
- Price spread: −0.079% → −0.031%
- −$4.79
- Slippage, 4 orders
- −$43.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$168.07
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Aster: live order book, 15 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 Hyperliquid live order book, 5 min ago | 1.23 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 15 min ago | 9.82 bp | 26.8 bp −$27 | 238.5 bp −$2,385 | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.4183% | 1h | 0.2021 | −0.148% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2033 | +0.445% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2021 | −0.142% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.692% | $3K | $166K | 12x | as long as short |
| Aster FETUSDTshort | +0.0100% | 8h | 0.2022 | −0.079% | $258K | $719K | 10x | |
| Binance FETUSDT | +0.0100% | 8h | 0.2021 | −0.125% | $31.4M | $111.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2020 | −0.198% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2021 | −0.148% | $30.3M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | −0.099% | $10.6M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2031 | +0.351% | $335K | $420K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.198% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2022 | −0.076% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0115% | 1h | 0.2024 | −0.019% | $984K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2020 | −0.212% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2021 | −0.148% | — | $2.9M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0235% | 4h | 0.2024 | 0.000% | $1.0M | $8.0M | 20x | as long as short |
| BingX FET-USDT | +0.0381% | 8h | 0.2022 | −0.099% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0403% | 8h | 0.2024 | 0.000% | $16.4M | $11.7M | 75x | as long as short |
| Hyperliquid FETlong | +0.0591% | 1h | 0.2024 | long leg | $8.9M | $8.4M | 5x | |
| Phoenix FET | +0.0669% | 1h | 0.2032 | +0.410% | $35K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET