Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.049%

Price spread now: Aster against Hyperliquid−0.047%7-day average −0.150% · 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−$94as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.347%−$35 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.047%, 7d avg −0.150%

Together, before fees−0.435%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.103% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04404	0.0100	pay 0.0013% / 1h	24m 43s	$15.1M	$7.3M	5x
Short	Aster STRKUSDT	0.04402	0.0100	get 0.0050% / 4h	1h 24m	$34K	$363K	10x

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 −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.150%: $10.33
Slippage, 4 orders: −$86.95
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$93.62
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 57 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, 8 min ago	2.28 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 57 min ago	14.69 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit

STRK on 24 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
Coinbase International STRK-PERP-INTX	−0.0592%	1h	0.04378	−0.590%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04405	+0.021%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.123%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04387	−0.383%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04404	long leg	$15.1M	$7.3M	5x
Aster STRKUSDTshort	+0.0100%	4h	0.04402	−0.047%	$34K	$363K	10x
Pacifica STRK	+0.0100%	1h	0.04392	−0.277%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04404	−0.007%	$12.7M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04397	−0.159%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04400	−0.091%	$4.9M	$23.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04397	−0.159%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04399	−0.114%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04397	−0.159%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04398	−0.136%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04398	−0.136%	—	$26.0M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04400	−0.091%	$25K	$150K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04387	−0.387%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04396	−0.178%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04499	+2.157%	$1K	$826K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04398	−0.144%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0131%	4h	0.04396	−0.182%	$755K	$726K	75x	as long as short
Lighter STRK	+0.0368%	1h	0.04413	+0.204%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0659%	1h	0.04404	0.000%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1167%	1h	0.04398	−0.127%	$477K	$492K	20x	as long as short