Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.069%

Price spread now: Hyperliquid against Bybit+0.050%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.050%, 7d avg +0.075%

Together, before fees+0.151%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.025% cheaper against Bybit than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.075%). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.169% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7449	0.0100	pay 0.0050% / 4h	56m 18s	$49.9M	$21.8M	75x
Short	Hyperliquid ASTER	0.7453	0.0271	get 0.0034% / 1h	56m 18s	$25.9M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.050%Rate

Funding earned: $35.88
Price spread: +0.050% → +0.075%: −$2.49
Slippage, 4 orders: −$17.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$4.06
Costs to cover: 0.375%
Break-even: 7.8 days

Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 7 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 Bybit live order book, 3 min ago	0.67 bp	10.9 bp −$11	37.9 bp −$379	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.07 bp	8.2 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	0.7433	−0.215%	$260K	$844K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	−0.079%	$56.8M	$99.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7444	−0.069%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7444	−0.070%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7448	−0.017%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7446	−0.035%	$336K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.792%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7447	−0.028%	$923K	$882K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	−0.054%	$373K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7443	−0.084%	$255K	$107K	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	0.7447	−0.027%	$91.2M	$106.8M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7449	long leg	$49.9M	$21.8M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7451	+0.027%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7444	−0.067%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7448	−0.013%	$34.5M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7444	−0.071%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7450	+0.013%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7448	−0.013%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7443	−0.086%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7427	−0.289%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7429	−0.268%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7437	−0.161%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7450	+0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7450	+0.013%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7444	−0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7441	−0.107%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7443	−0.080%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7434	−0.204%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7448	−0.013%	$8K	$4K	10x	as long as short
Hyperliquid ASTERshort	+0.0271%	1h	0.7453	+0.050%	$25.9M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7450	+0.007%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7437	−0.161%	$3.5M	$1.9M	75x	as long as short