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 −0.098%

Price spread now: Hyperliquid against Aster+0.568%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 Hyperliquid

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 · 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 0.568% dearer against Aster than usual: you sell high and buy low, +$57 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	Aster MOVEUSDT	0.009339	0.0100	pay 0.0050% / 4h	16m 43s	$12K	$10K	5x
Short	Hyperliquid MOVE	0.009392	0.0100	get 0.0013% / 1h	16m 43s	$231K	$206K	3x

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

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now +0.568%Rate

Funding earned: $0
Price spread: +0.568% → 0.000%: $56.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $39.75
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 43 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 Hyperliquid live order book, 43 min ago	0.53 bp	doesn't fit	doesn't fit	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.

MOVE 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 MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.379%	$722	$21K	12x	as long as short
Bybit MOVEUSDT	+0.0053%	4h	0.009380	+0.439%	$1.9M	$669K	25x	as long as short
BloFin MOVE-USDT	+0.0068%	4h	0.009382	+0.460%	$121K	$11K	75x	as long as short
Hyperliquid MOVEshort	+0.0100%	1h	0.009392	+0.568%	$231K	$206K	3x
Aster MOVEUSDTlong	+0.0100%	4h	0.009339	long leg	$12K	$10K	5x
Binance MOVEUSDT	+0.0100%	4h	0.009390	+0.542%	$2.0M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009391	+0.557%	$992K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	+0.332%	$424K	$344K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009389	+0.535%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	+0.332%	$1.2M	$30K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009396	+0.610%	$840K	$409K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009387	+0.514%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	+0.533%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009385	+0.491%	$10K	$143K	5x	as long as short