Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.131%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 0.131% dearer against Aster than usual: you sell high and buy low, +$13 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 NOTUSDT	0.0005053	0.0100	pay 0.0050% / 4h	2h 52m	$14K	$9K	5x
Short	Hyperliquid NOT	0.0005060	0.0100	get 0.0013% / 1h	52m 58s	$369K	$51K	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 +0.131%Rate

Funding earned: $0
Price spread: +0.131% → 0.000%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$3.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 57 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, 57 min ago	9.81 bp	33.4 bp −$33	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.

NOT on 16 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
Variational Omni NOT	−0.0211%	4h	0.0005034	−0.380%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.550%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0062%	4h	0.0005057	+0.071%	$2.1M	$864K	25x	as long as short
BloFin NOT-USDT	+0.0071%	4h	0.0005046	−0.146%	$112K	$17K	50x	as long as short
KuCoin NOTUSDTM	+0.0084%	4h	0.0005041	−0.245%	$461K	$135K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005072	+0.368%	$11K	$5K	3x	as long as short
Hyperliquid NOTshort	+0.0100%	1h	0.0005060	+0.131%	$369K	$51K	3x
Aster NOTUSDTlong	+0.0100%	4h	0.0005053	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005060	+0.137%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005059	+0.111%	$624K	$636K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005040	−0.265%	$142K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005059	+0.111%	$1.3M	$465K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005060	+0.131%	$668K	$407K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005051	−0.047%	—	$8.9M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005055	+0.026%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0202%	1h	0.0005080	+0.536%	$50K	$10K	10x	as long as short