Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Hyperliquid+0.024%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Aster: 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 0.024% dearer against Hyperliquid than usual: you sell high and buy low, +$2 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	Hyperliquid IO	0.1516	0.0100	pay 0.0013% / 1h	16m 19s	$1.0M	$388K	3x
Short	Aster IOUSDT	0.1516	0.0100	get 0.0050% / 4h	16m 19s	$6K	$32K	5x

Funding 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 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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → 0.000%: $2.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	1.66 bp	14.8 bp −$15	doesn't fit	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.

IO on 14 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
Injective IO/USDC PERP	−0.0159%	1h	0.1515	−0.040%	$2K	$104	5.5x	as long as short
BloFin IO-USDT	+0.0045%	4h	0.1514	−0.106%	$193K	$31K	50x	as long as short
Hyperliquid IOlong	+0.0100%	1h	0.1516	long leg	$1.0M	$388K	3x
Aster IOUSDTshort	+0.0100%	4h	0.1516	+0.024%	$6K	$32K	5x
Binance IOUSDT	+0.0100%	4h	0.1516	+0.007%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1513	−0.158%	$1.1M	$885K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1515	−0.033%	$245K	$551K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1513	−0.172%	$1.2M	$231K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1516	+0.026%	$379K	$669K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1516	+0.026%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1515	−0.040%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1512	−0.252%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1516	−0.006%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSD	+1.2564%	1h	0.1518	+0.155%	$39K	$19K	10x	as long as short