Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster+0.008%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bybit

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 airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPERUSDT	0.07457	0.0100	pay 0.0050% / 4h	2h 19m	$20K	$4K	5x
Short	Bybit HYPERUSDT	0.07458	0.0100	get 0.0050% / 4h	2h 19m	$1.2M	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: 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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 6 min ago	2.02 bp	28.8 bp −$29	290.8 bp −$2,908	doesn't fit	doesn'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.

HYPER on 10 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
Gate HYPER_USDT	−0.0118%	4h	0.07450	−0.100%	$91K	$46K	50x	as long as short
KuCoin HYPERUSDTM	−0.0022%	4h	0.07441	−0.220%	$132K	$93K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07455	−0.039%	$72K	$121K	3x	as long as short
Aster HYPERUSDTlong	+0.0100%	4h	0.07457	long leg	$20K	$4K	5x
Binance HYPERUSDT	+0.0100%	4h	0.07456	−0.019%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDTshort	+0.0100%	4h	0.07458	+0.008%	$1.2M	$706K	25x
MEXC HYPER_USDT	+0.0100%	4h	0.07450	−0.100%	$259K	$131K	20x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07454	−0.046%	$311K	$262K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07459	+0.015%	$7K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0108%	4h	0.07448	−0.127%	$189K	$23K	50x	as long as short