Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.162%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 6 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 0.162% dearer against Aster than usual: you sell high and buy low, +$16 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 TURBOUSDT	0.001077	0.0100	pay 0.0050% / 4h	1h 08m	$9K	$20K	10x
Short	Hyperliquid TURBO	0.001079	0.0100	get 0.0013% / 1h	8m 15s	$317K	$170K	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 +0.162%Rate

Funding earned: $0
Price spread: +0.162% → 0.000%: $16.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$0.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 51 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, 51 min ago	4.67 bp	23.5 bp −$23	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.

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0341%	1h	0.001077	−0.025%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.766%	$83	$4	5.5x	as long as short
Hyperliquid TURBOshort	+0.0100%	1h	0.001079	+0.162%	$317K	$170K	3x
Aster TURBOUSDTlong	+0.0100%	4h	0.001077	long leg	$9K	$20K	10x
Binance TURBOUSDT	+0.0100%	4h	0.001078	+0.032%	$3.0M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001078	+0.097%	$395K	$780K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001077	−0.023%	$899K	$2.3M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001079	+0.153%	$389K	$344K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001077	+0.014%	$5.6M	$616K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001076	−0.079%	$1.8M	$897K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001078	+0.070%	$1.0M	$591K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001078	+0.042%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001077	+0.002%	$3K	$158K	5x	as long as short
BloFin TURBO-USDT	+0.0159%	4h	0.001080	+0.255%	$156K	$488K	75x	as long as short