Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.061%

Price spread now: BingX against Hyperliquid−0.053%7-day average −0.080% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.053%, 7d avg −0.080%

Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.027% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.053% now, against its 7-day average of −0.080%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7421	0.0145	pay 0.0018% / 1h	11m 51s	$25.7M	$6.8M	5x
Short	BingX ASTER-USDT	0.7417	0.0100	get 0.0050% / 4h	1h 11m	—	$9.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$9.38
Price spread: −0.053% → −0.080%: $2.72
Slippage, 4 orders: −$14.52
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.17
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; BingX: live order book, 6 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, 11 min ago	0.07 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.70 bp	9.3 bp −$9	13.3 bp −$133	36.6 bp −$3,661	145.3 bp −$72.7K

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	0.7393	−0.373%	$260K	$837K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7414	−0.089%	$56.7M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7417	−0.051%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7416	−0.065%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.416%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0060%	1h	0.7412	−0.125%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7420	−0.015%	$918K	$878K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7415	−0.080%	$372K	$270K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7416	−0.068%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7415	−0.080%	$90.8M	$106.9M	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	0.7413	−0.106%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7416	−0.066%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7416	−0.066%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7411	−0.133%	$34.6M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7415	−0.080%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7412	−0.120%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7417	−0.053%	—	$9.6M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7415	−0.082%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7412	−0.126%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	−0.133%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7416	−0.066%	$66K	$718K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7418	−0.039%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7421	+0.001%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7417	−0.053%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7410	−0.147%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7413	−0.100%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7409	−0.154%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7418	−0.039%	$8K	$4K	10x	as long as short
Hyperliquid ASTERlong	+0.0145%	1h	0.7421	long leg	$25.7M	$6.8M	5x
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7420	−0.014%	$335K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7416	−0.072%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7411	−0.133%	$3.4M	$1.9M	75x	as long as short