Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Hyperliquid against Aster−0.065%7-day average — · you buy dearer than you sell

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 0.065% cheaper against Aster than usual: you would sell low and buy high, −$6 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 STABLEUSDT	0.02476	0.0100	pay 0.0050% / 4h	58m 46s	$19K	$8K	20x
Short	Hyperliquid STABLE	0.02474	0.0100	get 0.0013% / 1h	58m 46s	$869K	$187K	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 −0.065%Rate

Funding earned: $0
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$23.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 41 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, 41 min ago	2.01 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.

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02486	+0.420%	$114K	$6K	3x	as long as short
Hyperliquid STABLEshort	+0.0100%	1h	0.02474	−0.065%	$869K	$187K	3x
Aster STABLEUSDTlong	+0.0100%	4h	0.02476	long leg	$19K	$8K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02474	−0.090%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02475	−0.040%	$1.5M	$763K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02473	−0.121%	$197K	$372K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02475	−0.040%	$174K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02473	−0.121%	$612K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02482	+0.242%	$184K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02474	−0.081%	$284K	$90K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02474	−0.081%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02482	+0.243%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02473	−0.133%	$1K	$843K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02473	−0.136%	$14K	$136K	10x	as long as short
BloFin STABLE-USDT	+0.0110%	4h	0.02481	+0.202%	$119K	$7K	75x	as long as short