Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.8% APRpaid last 24h +0.060%

Price spread now: Hyperliquid against HTX+0.163%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1551.552% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.163%, 7d avg +0.101%

Together, before fees+0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.062% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.101%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% 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	HTX ASTER-USDT	0.7443	0.0100	pay 0.0050% / 4h	8m 02s	$243K	$119K	20x
Short	Hyperliquid ASTER	0.7455	0.0335	get 0.0042% / 1h	8m 02s	$25.9M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.163%Rate

Funding earned: $49.39
Price spread: +0.163% → +0.101%: $6.2
Slippage, 4 orders: −$134.15
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$99.56
Costs to cover: 1.552%
Break-even: 21.1 days

Slippage from HTX: live order book, 4 min ago; Hyperliquid: live order book, 5 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 HTX live order book, 4 min ago	6.05 bp	82.8 bp −$83	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.67 bp	7.2 bp −$7	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	0.7447	+0.047%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7444	+0.009%	$56.7M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7445	+0.026%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7447	+0.050%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7446	+0.037%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7451	+0.103%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.712%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7450	+0.089%	$923K	$884K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7442	−0.013%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	+0.027%	$372K	$266K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7443	−0.004%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7455	+0.156%	$91.4M	$107.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7450	+0.094%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7449	+0.081%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7445	+0.027%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7449	+0.081%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7453	+0.138%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7451	+0.107%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7451	+0.107%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7448	+0.069%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.142%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7435	−0.107%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7442	−0.013%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7454	+0.148%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7447	+0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDTlong	+0.0100%	4h	0.7443	long leg	$243K	$119K	20x
Extended ASTER-USD	+0.0104%	1h	0.7450	+0.088%	$374K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7441	−0.022%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7447	+0.054%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7445	+0.029%	$28K	—	100x	as long as short
Hyperliquid ASTERshort	+0.0335%	1h	0.7455	+0.163%	$25.9M	$6.9M	5x
BloFin ASTER-USDT	+0.0340%	4h	0.7444	+0.013%	$3.5M	$1.9M	75x	as long as short