Funding you earn now, next payment 23:00 UTC−0.0629%/8h= −68.8% APRpaid last 24h −0.173%
Price spread now: Aster against Hyperliquid−0.063%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 5 days (all we have)−0.449%−$45 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.063%, 7d avg −0.099%
=Together, before fees−0.583%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.035% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.063% now, against its 7-day average of −0.099%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 5 days (−0.449% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RENDER | 1.8386 | 0.0729 | pay 0.0091% / 1h | 58m 12s | $4.2M | $3.7M | 5x |
| Short | Aster RENDERUSDT | 1.8374 | 0.0100 | get 0.0050% / 4h | 1h 58m | $263K | $184K | 20x |
Hyperliquid RENDER
Aster RENDERUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$132.03
- Price spread: −0.063% → −0.099%
- $3.55
- Slippage, 4 orders
- −$65.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$211.11
- Costs to cover
- 0.826%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Aster: live order book, 24 min ago.
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, 3 min ago | 2.16 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 24 min ago | 10.65 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 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 RENDER/USDC PERP | −0.0576% | 1h | 1.8380 | −0.033% | $6K | $165K | 12x | as long as short |
| Variational Omni RENDER | −0.0369% | 4h | 1.8424 | +0.208% | $222K | $296K | — | as long as short |
| Deribit RENDER_USDC-PERPETUAL | −0.0241% | 1h | 1.8330 | −0.305% | $10K | $30K | 25x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8399 | +0.068% | $19K | $21K | 5x | as long as short |
| Aster RENDERUSDTshort | +0.0100% | 4h | 1.8374 | −0.063% | $263K | $184K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8351 | −0.190% | $12.2M | $48.6M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8324 | −0.337% | $12.0M | $14.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8350 | −0.196% | $3.1M | $8.5M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8345 | −0.223% | $534K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8340 | −0.250% | $11.0M | $10.1M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8340 | −0.250% | $5.0M | $12.9M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8350 | −0.196% | $9.9M | $10.4M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8340 | −0.250% | — | $4.4M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8456 | +0.381% | $43K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8360 | −0.141% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8355 | −0.167% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8464 | +0.424% | $40K | $324K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8410 | +0.131% | $595K | $1.4M | 90x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0352% | 1h | 1.8670 | +1.545% | $154K | $69K | 50x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0361% / S −0.0904% | 1h | 1.8358 | −0.155% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0582% | 1h | 1.8380 | −0.033% | $467K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERlong | +0.0729% | 1h | 1.8386 | long leg | $4.2M | $3.7M | 5x |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
Coinbase International RENDER-PERP-INTX
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD