Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.098%

Price spread now: Aster against Hyperliquid+0.155%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 0.155% dearer against Hyperliquid than usual: you sell high and buy low, +$15 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 MOVE	0.009368	0.0100	pay 0.0013% / 1h	19m 48s	$229K	$209K	3x
Short	Aster MOVEUSDT	0.009382	0.0100	get 0.0050% / 4h	2h 19m	$11K	$12K	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

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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 +0.155%Rate

Funding earned: $0
Price spread: +0.155% → 0.000%: $15.47
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.53
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 64 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, 64 min ago	1.07 bp	doesn't fit	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.

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
Bybit MOVEUSDT	−0.0350%	4h	0.009370	+0.021%	$2.0M	$656K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.675%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0091%	4h	0.009394	+0.278%	$122K	$12K	75x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009368	long leg	$229K	$209K	3x
Aster MOVEUSDTshort	+0.0100%	4h	0.009382	+0.155%	$11K	$12K	5x
Binance MOVEUSDT	+0.0100%	4h	0.009372	+0.043%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009380	+0.128%	$987K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009380	+0.128%	$423K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009371	+0.032%	$3.8M	$233K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	+0.021%	$1.2M	$38K	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	0.009377	+0.096%	$851K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009376	+0.085%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.176%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009368	+0.003%	$10K	$143K	5x	as long as short