Funding arb · Price arb /

HPE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.045%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit 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 airdropAster: 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 0.045% dearer against Bybit than usual: you sell high and buy low, +$4 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	Bybit HPEUSDT	61.940	0	get 0.0000% / 8h	3h 52m	$320K	$178K	25x
Short	Aster HPEUSDT	61.968	0	get 0.0000% / 8h	3h 52m	$835	$146	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → 0.000%: $4.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.53
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 57 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 Bybit live order book, 57 min ago	10.49 bp	43.3 bp −$43	211.0 bp −$2,110	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.

HPE on 10 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
Aster HPEUSDTshort	0.0000%	8h	61.968	+0.045%	$835	$146	20x
Binance HPEUSDT	0.0000%	8h	61.975	+0.057%	$472K	$4.5M	20x	as long as short
Bybit HPEUSDTlong	0.0000%	8h	61.940	long leg	$320K	$178K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.910	−0.048%	$207K	$369K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.950	+0.016%	$160K	$36K	20x	as long as short
Bitget HPEUSDT	0.0000%	8h	62.010	+0.113%	$960K	$361K	20x	as long as short
Variational Omni HPE	0.0000%	8h	62.024	+0.136%	$37K	$257K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.940	0.000%	$1K	$289K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	62.040	+0.161%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0301%	8h	62.060	+0.194%	$230K	$425K	20x	as long as short