Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.090%

Price spread now: Hyperliquid against Aster+0.184%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 7 days−0.296%−$30 · spread now +0.184%, 7d avg +0.004%

Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.180% dearer against Aster than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% 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 ASTERUSDT	0.7466	0	get 0.0000% / 4h	33m 32s	$56.9M	$100.0M	200x
Short	Hyperliquid ASTER	0.7479	0.0343	get 0.0043% / 1h	33m 32s	$26.0M	$6.9M	5x

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 +0.184%Rate

Funding earned: $72.04
Price spread: +0.184% → +0.004%: $18.04
Slippage, 4 orders: −$12.06
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $61.03
Costs to cover: 0.291%
Break-even: 1.1 days

Slippage from Aster: live order book, 6 min ago; Hyperliquid: live order book, 10 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, 6 min ago	0.67 bp	5.9 bp −$6	14.7 bp −$147	177.2 bp −$17.7K	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.34 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7458	−0.098%	$261K	$856K	50x	as long as short
Aster ASTERUSDTlong	0.0000%	4h	0.7466	long leg	$56.9M	$100.0M	200x
dYdX ASTER-USD	0.0000%	1h	0.7465	−0.008%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7462	−0.051%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7471	+0.069%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7464	−0.017%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.013%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7469	+0.048%	$925K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7465	−0.008%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7467	+0.022%	$256K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7468	+0.032%	$91.5M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7469	+0.045%	$50.0M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7471	+0.072%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7462	−0.049%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7474	+0.112%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7470	+0.061%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7474	+0.112%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7468	+0.032%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7458	−0.104%	$242K	$382K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7468	+0.034%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	+0.058%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7462	−0.049%	$67K	$712K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7467	+0.018%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7469	+0.045%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7461	−0.062%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7467	+0.018%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7467	+0.021%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	+0.019%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7472	+0.085%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7461	−0.056%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7465	−0.008%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTERshort	+0.0343%	1h	0.7479	+0.184%	$26.0M	$6.9M	5x