Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1004%/8h= +110.0% APRpaid last 24h +0.185%

Price spread now: Hyperliquid against Aster+0.196%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 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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.196% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread 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 0GUSDT	0.2314	0.0100	pay 0.0050% / 4h	1h 40m	$18K	$41K	5x
Short	Hyperliquid 0G	0.2319	0.1104	get 0.0138% / 1h	40m 16s	$2.5M	$505K	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 +0.196%Rate

Funding earned: $210.89
Price spread: +0.196% → 0.000%: $19.62
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $213.51
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 1 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, 1 min ago	3.23 bp	29.1 bp −$29	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.

0G on 16 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
BingX 0G-USDT	−0.1190%	4h	0.2314	0.000%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2311	−0.128%	$2K	—	100x	as long as short
Aster 0GUSDTlong	+0.0100%	4h	0.2314	long leg	$18K	$41K	5x
Binance 0GUSDT	+0.0100%	4h	0.2315	+0.043%	$6.8M	$8.9M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2313	−0.043%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2316	+0.086%	$892K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2313	−0.043%	$599K	$146K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2315	+0.043%	$2.0M	$193K	50x	as long as short
KuCoin 0GUSDTM	+0.0100%	4h	0.2316	+0.095%	$2.4M	$2.4M	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2313	−0.043%	$1.9M	$729K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 0G	+0.0100%	4h	0.2312	−0.106%	$13K	$3K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2324	+0.415%	$18K	$624K	50x	as long as short
BloFin 0G-USDT	+0.0127%	4h	0.2325	+0.475%	$326K	$9K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0312%	1h	0.2313	−0.043%	$31K	$50K	5x	as long as short
Hyperliquid 0Gshort	+0.1104%	1h	0.2319	+0.196%	$2.5M	$505K	3x
Lighter 0G	+0.1592%	1h	0.2321	+0.303%	$48K	$104K	3x	as long as short