Funding you earn now, next payment 00:00 UTC+0.0517%/8h= +56.7% APRpaid last 24h +0.042%
Price spread now: Hyperliquid against Aster−0.062%7-day average +0.117% · 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−$75as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 5 days (all we have)+0.268%+$27 on $10k
+Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.062%, 7d avg +0.117%
=Together, before fees+0.455%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.179% cheaper against Aster than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.117%). If the spread goes back, that is −$18 on $10k: about 28 hours of funding at the current rate (+$16 a day). At the pace of the last 5 days (+0.268% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.268% in total (about 18.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster USELESSUSDT | 0.2810 | 0.1066 | pay 0.0533% / 4h | 16m 22s | $646K | $2.3M | 10x |
| Short | Hyperliquid USELESS | 0.2808 | 0.1583 | get 0.0198% / 1h | 16m 22s | $14.0M | $21.1M | 3x |
Aster USELESSUSDT
Hyperliquid USELESSFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $108.65
- Price spread: −0.062% → +0.117%
- −$17.89
- Slippage, 4 orders
- −$39.96
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $33.8
- Costs to cover
- 0.570%
- Break-even
- 4.8 days
Slippage from Aster: live order book, 2 min ago; Hyperliquid: live order book, 7 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 Aster live order book, 2 min ago | 7.28 bp | 21.2 bp −$21 | 148.7 bp −$1,487 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.78 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
USELESS 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2804 | −0.208% | $1.3M | $1.1M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2808 | −0.055% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2805 | −0.158% | $9.9M | $66.3M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2806 | −0.144% | $38K | $161K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.055% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2809 | −0.037% | $19K | $498K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2799 | −0.372% | $569K | $1.2M | 20x | as long as short |
| ApeX Omni USELESSUSDT | +0.0162% | 1h | 0.2816 | +0.226% | $39K | $703K | 25x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2797 | −0.445% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0212% | 4h | 0.2804 | −0.215% | $5.1M | $10.0M | 12x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
ApeX Omni USELESSUSDT
Aevo USELESS-PERP
KuCoin USELESSUSDTMShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0304% | 4h | 0.2807 | −0.087% | $5.3M | $9.4M | 20x | as long as short |
| Gate USELESS_USDT | +0.0372% | 4h | 0.2804 | −0.194% | $7.0M | $8.3M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0487% | 4h | 0.2822 | +0.440% | $21K | $193K | 10x | as long as short |
| Binance USELESSUSDT | +0.0503% | 4h | 0.2808 | −0.051% | $23.6M | $116.4M | 50x | as long as short |
| Extended USELESS-USD | +0.0504% | 1h | 0.2808 | −0.070% | $297K | $966K | 5x | as long as short |
| MEXC USELESS_USDT | +0.0506% | 4h | 0.2808 | −0.062% | $10.4M | $6.0M | 50x | as long as short |
| BingX USELESS-USDT | +0.0946% | 4h | 0.2807 | −0.091% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.0961% | 4h | 0.2806 | −0.123% | $27.6M | $45.8M | 13x | as long as short |
| Aster USELESSUSDTlong | +0.1066% | 4h | 0.2810 | long leg | $646K | $2.3M | 10x | |
| Variational Omni USELESS | +0.1081% | 4h | 0.2807 | −0.107% | $1.2M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.1291% | 4h | 0.2809 | −0.005% | $1.2M | $2.0M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1329% | 4h | 0.2809 | −0.037% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESSshort | +0.1583% | 1h | 0.2808 | −0.062% | $14.0M | $21.1M | 3x | |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2977 | +5.964% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
Gate USELESS_USDT
edgeX USELESSUSDC
Binance USELESSUSDT
Extended USELESS-USD
MEXC USELESS_USDT
BingX USELESS-USDT
Bybit USELESSUSDT
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
Injective USELESS/USDC PERP