Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.082%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aster

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.082% dearer against Bybit than usual: you sell high and buy low, +$8 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	Bybit HYPERUSDT	0.07533	0.0100	pay 0.0050% / 4h	58m 30s	$1.2M	$822K	25x
Short	Aster HYPERUSDT	0.07539	0.0100	get 0.0050% / 4h	58m 30s	$21K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → 0.000%: $8.2
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.8
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aster: no order-book sample. 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 Bybit live order book, 2 min ago	3.32 bp	22.4 bp −$22	453.7 bp −$4,537	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
KuCoin HYPERUSDTM	−0.0090%	4h	0.07532	−0.013%	$107K	$89K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07538	+0.066%	$71K	$135K	3x	as long as short
Aster HYPERUSDTshort	+0.0100%	4h	0.07539	+0.082%	$21K	$4K	5x
Binance HYPERUSDT	+0.0100%	4h	0.07542	+0.117%	$2.0M	$2.3M	50x	as long as short
Bybit HYPERUSDTlong	+0.0100%	4h	0.07533	long leg	$1.2M	$822K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07530	−0.040%	$87K	$42K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07532	−0.013%	$237K	$129K	20x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07538	+0.066%	$314K	$283K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07527	−0.074%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0124%	4h	0.07529	−0.053%	$195K	$21K	50x	as long as short