Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.060%

Price spread now: OKX against Hyperliquid−0.075%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.075%, 7d avg −0.071%

Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7325	0.0125	pay 0.0016% / 1h	14m 44s	$25.1M	$7.8M	5x
Short	OKX ASTER-USDT-SWAP	0.7319	0.0100	get 0.0050% / 4h	3h 14m	$12.4M	$22.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$5.3
Price spread: −0.075% → −0.071%: −$0.42
Slippage, 4 orders: −$17.43
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.15
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; OKX: 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	0.07 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.69 bp	10.9 bp −$11	25.0 bp −$250	186.6 bp −$18.7K	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
Aster ASTERUSDT	0.0000%	4h	0.7317	−0.102%	$51.2M	$111.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7317	−0.104%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7314	−0.143%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7314	−0.143%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7312	−0.165%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.894%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7317	−0.102%	$6K	$7K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0079%	4h	0.7310	−0.198%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7318	−0.085%	$336K	$605K	20x	as long as short
Lighter ASTER	+0.0096%	1h	0.7319	−0.075%	$888K	$921K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7313	−0.154%	$346K	$275K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7320	−0.064%	$258K	$110K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7319	−0.076%	$92.5M	$128.8M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7319	−0.075%	$49.7M	$26.1M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7319	−0.075%	$12.4M	$22.1M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7315	−0.130%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7319	−0.075%	$35.2M	$21.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7318	−0.094%	$11.1M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7320	−0.061%	$17.9M	$8.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7317	−0.102%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7316	−0.120%	$211K	$467K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7310	−0.192%	$2.1M	$421K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7305	−0.265%	$450K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7299	−0.348%	$111K	$726K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7323	−0.020%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7314	−0.143%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7309	−0.212%	$244K	$164K	20x	as long as short
edgeX ASTERUSDC	+0.0102%	4h	0.7293	−0.433%	$213K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7314	−0.142%	$365K	$652K	25x	as long as short
Hyperliquid ASTERlong	+0.0125%	1h	0.7325	long leg	$25.1M	$7.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7313	−0.159%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7309	−0.212%	$3.6M	$2.0M	75x	as long as short