Settings8H · net · $10k
Funding arb · Price arb /

GMT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against Aster−0.264%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: 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 0.264% cheaper against Aster than usual: you would sell low and buy high, −$26 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster GMTUSDT0.0086480.0100pay 0.0050% / 4h2h 52m$9K$19K10x
ShortHyperliquid GMT0.0086250.0100get 0.0013% / 1h52m 24s$128K$122K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Funding earned
$0
Price spread: −0.264% → 0.000%
−$26.42
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$43.42
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 57 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 57 min ago3.58 bp28.6 bp −$29doesn't fitdoesn't fitdoesn't fit
Aster: 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.

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.0637%1h0.008609−0.449%$45K$13K20xas long as short
Hyperliquid GMTshort+0.0100%1h0.008625−0.264%$128K$122K3x
Aster GMTUSDTlong+0.0100%4h0.008648long leg$9K$19K10x
Binance GMTUSDT+0.0100%4h0.008626−0.257%$2.8M$3.5M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008628−0.230%$1.1M$1.3M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008626−0.253%$358K$709K20xas long as short
Gate GMT_USDT+0.0100%8h0.008650+0.025%$148K$118K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008616−0.368%$456K$195K20xas long as short
KuCoin GMTUSDTM+0.0100%4h0.008640−0.091%$270K$114K50xas long as short
Bitget GMTUSDT+0.0100%4h0.008592−0.646%$707K$471K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008622−0.299%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008493−1.788%$3K$5Kas long as short