Funding arb · Price arb /

TURBO

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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 0.000%

Price spread now: Aster against Hyperliquid+0.034%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 0.034% dearer against Hyperliquid than usual: you sell high and buy low, +$3 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 TURBO	0.001062	0.0100	pay 0.0013% / 1h	54m 46s	$315K	$142K	3x
Short	Aster TURBOUSDT	0.001062	0.0100	get 0.0050% / 4h	54m 46s	$9K	$20K	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

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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 +0.034%Rate

Funding earned: $0
Price spread: +0.034% → 0.000%: $3.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 35 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, 35 min ago	4.70 bp	23.3 bp −$23	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.

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	−0.0510%	1h	0.001062	+0.038%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.659%	$83	$4	5.5x	as long as short
Hyperliquid TURBOlong	+0.0100%	1h	0.001062	long leg	$315K	$142K	3x
Aster TURBOUSDTshort	+0.0100%	4h	0.001062	+0.034%	$9K	$20K	10x
Binance TURBOUSDT	+0.0100%	4h	0.001061	−0.141%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001064	+0.151%	$394K	$737K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001061	−0.085%	$922K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001061	−0.066%	$401K	$253K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001059	−0.245%	$5.4M	$558K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001060	−0.169%	$1.9M	$805K	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	0.001062	0.000%	$1.0M	$488K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001062	+0.038%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001062	+0.010%	$402	$168K	5x	as long as short
BloFin TURBO-USDT	+0.0154%	4h	0.001062	−0.019%	$159K	$427K	75x	as long as short