Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.063%

Price spread now: Hyperliquid against Binance+0.024%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.024%, 7d avg +0.064%

Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.039% cheaper against Binance than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.064%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7383	0.0100	pay 0.0050% / 4h	1h 52m	$90.4M	$106.9M	75x
Short	Hyperliquid ASTER	0.7385	0.0210	get 0.0026% / 1h	52m 31s	$25.7M	$6.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.024%Rate

Funding earned: $23.16
Price spread: +0.024% → +0.064%: −$3.94
Slippage, 4 orders: −$11.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$11.24
Costs to cover: 0.305%
Break-even: 10.4 days

Slippage from Binance: live order book, 5 min ago; Hyperliquid: live order book, 11 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 Binance live order book, 5 min ago	0.68 bp	6.4 bp −$6	12.9 bp −$129	63.3 bp −$6,331	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.15 bp	7.6 bp −$8	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	0.7390	+0.089%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7382	−0.014%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7380	−0.046%	$56.4M	$99.8M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7384	+0.012%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0010%	1h	0.7383	+0.004%	$13K	$61	5x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.366%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7382	−0.018%	$908K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7383	+0.006%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7381	−0.022%	$253K	$108K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7383	long leg	$90.4M	$106.9M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7383	0.000%	$49.4M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7382	−0.014%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7377	−0.081%	$6.2M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7384	+0.014%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7378	−0.062%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7383	0.000%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7384	+0.014%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7376	−0.091%	$264K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7395	+0.161%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7404	+0.282%	$465K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7402	+0.257%	$66K	$715K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7388	+0.068%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7394	+0.149%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7381	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7387	+0.054%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7383	−0.005%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7398	+0.200%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7386	+0.041%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7386	+0.040%	$284K	$420K	20x	as long as short
Hyperliquid ASTERshort	+0.0210%	1h	0.7385	+0.024%	$25.7M	$6.7M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7383	+0.004%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7383	0.000%	$3.5M	$1.8M	75x	as long as short