Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Hyperliquid+0.139%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 0.139% dearer against Hyperliquid than usual: you sell high and buy low, +$14 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 NOT	0.0005050	0.0100	pay 0.0013% / 1h	47m 06s	$368K	$51K	3x
Short	Aster NOTUSDT	0.0005057	0.0100	get 0.0050% / 4h	1h 47m	$14K	$9K	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 +0.139%Rate

Funding earned: $0
Price spread: +0.139% → 0.000%: $13.86
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.14
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 53 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, 53 min ago	19.72 bp	60.8 bp −$61	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.

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	−0.0310%	4h	0.0005063	+0.248%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0180%	4h	0.0005041	−0.178%	$462K	$130K	50x	as long as short
Bybit NOTUSDT	+0.0031%	4h	0.0005048	−0.040%	$2.1M	$858K	25x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.485%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005063	+0.255%	$11K	$4K	3x	as long as short
Hyperliquid NOTlong	+0.0100%	1h	0.0005050	long leg	$368K	$51K	3x
Aster NOTUSDTshort	+0.0100%	4h	0.0005057	+0.139%	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005054	+0.083%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005052	+0.040%	$632K	$648K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005053	+0.059%	$143K	$68K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005054	+0.079%	$1.3M	$438K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005058	+0.158%	$671K	$409K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005053	+0.059%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005053	+0.053%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0128%	4h	0.0005048	−0.040%	—	$16K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1946%	1h	0.0005085	+0.698%	$50K	$9K	10x	as long as short