Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.053%

Price spread now: Aster against Hyperliquid+0.014%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.014%, 7d avg −0.076%

Together, before fees−0.179%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.089% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2212	0.0100	pay 0.0013% / 1h	29m 10s	$38.2M	$51.3M	10x
Short	Aster ARBUSDT	0.2212	0.0100	get 0.0100% / 8h	6h 29m	$659K	$1.7M	20x

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

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 HyperliquidbpFee AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.076%: $8.94
Slippage, 4 orders: −$26.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.53
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Aster: live order book, 4 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 Hyperliquid live order book, 4 min ago	1.13 bp	7.8 bp −$8	9.5 bp −$95	9.7 bp −$967	doesn't fit
Sell Aster live order book, 4 min ago	4.51 bp	11.7 bp −$12	22.1 bp −$221	doesn't fit	doesn't fit

ARB on 35 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
Injective ARB/USDC PERP	−0.1692%	1h	0.2203	−0.398%	$40K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0240%	1h	0.2211	−0.023%	$7K	$2K	10x	as long as short
SoDEX ARB-USD	−0.0214%	1h	0.2208	−0.194%	$10K	$2.5M	5x	as long as short
Variational Omni ARB	−0.0172%	8h	0.2211	−0.040%	$1.9M	$2.9M	—	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0157%	1h	0.2209	−0.127%	$24K	$34K	25x	as long as short
OKX ARB-USDT-SWAP	−0.0114%	8h	0.2211	−0.050%	$22.3M	$156.8M	50x	as long as short
MEXC ARB_USDT	−0.0113%	8h	0.2211	−0.050%	$40.0M	$59.7M	200x	as long as short
ApeX Omni ARBUSDT	−0.0110%	1h	0.2214	+0.099%	$119K	$293K	50x	as long as short
Bybit ARBUSDT	−0.0068%	8h	0.2211	−0.018%	$56.7M	$129.0M	50x	as long as short
Gate ARB_USDT	−0.0065%	8h	0.2209	−0.118%	$5.4M	$19.8M	60x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ARB_USDC	−0.0059%	8h	0.2211	−0.036%	$13K	$381K	10x	as long as short
Binance ARBUSDT	−0.0001%	8h	0.2212	0.000%	$64.5M	$318.2M	75x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2213	+0.047%	$65K	$5K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2207	−0.198%	$353K	$2.5M	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0011%	1h	0.2211	−0.016%	$10K	—	150x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2210	−0.104%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2209	−0.127%	$1.2M	$7.4M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2212	long leg	$38.2M	$51.3M	10x
Aster ARBUSDTshort	+0.0100%	8h	0.2212	+0.014%	$659K	$1.7M	20x
Pacifica ARB	+0.0100%	1h	0.2214	+0.092%	$42K	$186K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2209	−0.140%	$19.5M	$15.8M	75x	as long as short
Bitget ARBUSDT	+0.0100%	8h	0.2209	−0.127%	$21.2M	$36.3M	50x	as long as short
BingX ARB-USDC	+0.0100%	8h	0.2209	−0.136%	—	$6.5M	—	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2212	−0.010%	$40K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2219	+0.320%	$480K	$3.7M	10x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2213	+0.054%	$76K	$2.1M	10x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2210	−0.081%	$1K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2211	−0.036%	$297K	$1.0M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2209	−0.127%	$5.0M	$13.0M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0240%	1h	0.2215	+0.145%	$507K	$2.1M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0273% / S −0.0155%	1h	0.2212	−0.011%	$826K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2210	−0.087%	$2K	$695	20x	as long as short
Kraken Futures PF_ARBUSD	+0.0313%	1h	0.2209	−0.123%	$1.1M	$4.7M	50x	as long as short
RISEx ARB/USDC	+0.0466%	1h	0.2214	+0.095%	$471K	$2.6M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0523%	1h	0.2213	+0.054%	$997K	$2.9M	20x	as long as short