Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.085%

Price spread now: Aster against Hyperliquid−0.108%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days+0.194%+$19 · spread now −0.108%, 7d avg −0.002%

Together, before fees+0.060%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 0.106% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% 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	Hyperliquid ASTER	0.7410	0.0250	pay 0.0031% / 1h	54m 54s	$25.8M	$6.8M	5x
Short	Aster ASTERUSDT	0.7402	0	get 0.0000% / 4h	1h 54m	$56.6M	$99.9M	200x

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 −0.108%Rate

Funding earned: −$52.49
Price spread: −0.108% → −0.002%: −$10.56
Slippage, 4 orders: −$10.63
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$90.68
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 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, 8 min ago	1.15 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.68 bp	7.3 bp −$7	12.1 bp −$121	148.6 bp −$14.9K	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	−0.279%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0047%	1h	0.7403	−0.101%	$11K	$87K	25x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7402	−0.108%	$56.6M	$99.9M	200x
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7403	−0.101%	$30K	—	150x	as long as short
dYdX ASTER-USD	+0.0018%	1h	0.7397	−0.176%	$13K	$61	5x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	−0.004%	$9	$96K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7406	−0.053%	$911K	$849K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7397	−0.184%	$370K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7399	−0.152%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7402	−0.117%	$90.6M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7403	−0.099%	$49.6M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7402	−0.112%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7402	−0.112%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7400	−0.139%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7402	−0.113%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7406	−0.058%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7401	−0.126%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7405	−0.078%	$265K	$322K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7395	−0.208%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7380	−0.406%	$463K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7386	−0.328%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7407	−0.045%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7405	−0.072%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7401	−0.126%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7402	−0.112%	$242K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7387	−0.311%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7400	−0.135%	$376K	$635K	25x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7406	−0.064%	$285K	$420K	20x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7404	−0.085%	$8K	$4K	10x	as long as short
Hyperliquid ASTERlong	+0.0250%	1h	0.7410	long leg	$25.8M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7403	−0.105%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7399	−0.152%	$3.5M	$1.8M	75x	as long as short