Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h +0.059%

Price spread now: Hyperliquid against SunX+0.033%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2472.474% of the position

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.033%, 7d avg −0.021%

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.054% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ASTER-USDT	0.7419	0.0100	pay 0.0050% / 4h	1h 11m	$2K	$1.7M	20x
Short	Hyperliquid ASTER	0.7421	0.0144	get 0.0018% / 1h	11m 21s	$25.7M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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 SunXbpFee HyperliquidbpOrdersPrice spread, now +0.033%Rate

Funding earned: $9.32
Price spread: +0.033% → −0.021%: $5.39
Slippage, 4 orders: −$230.36
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$232.65
Costs to cover: 2.474%
Break-even: 181.7 days

Slippage from SunX: live order book, 3 min ago; Hyperliquid: live order book, 12 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 SunX live order book, 3 min ago	30.97 bp	107.1 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.07 bp	7.0 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	0.7393	−0.348%	$260K	$837K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7412	−0.088%	$56.6M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7413	−0.080%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7414	−0.073%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.391%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0059%	1h	0.7412	−0.100%	$13K	$61	5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7418	−0.012%	$918K	$878K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7415	−0.054%	$372K	$270K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7417	−0.025%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7413	−0.074%	$90.8M	$106.8M	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	0.7411	−0.108%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7415	−0.054%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7415	−0.054%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7413	−0.081%	$34.7M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7415	−0.058%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7412	−0.094%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7413	−0.081%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7415	−0.057%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7412	−0.100%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7410	−0.121%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7412	−0.094%	$66K	$718K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7415	−0.054%	$14K	$845	10x	as long as short
SunX ASTER-USDTlong	+0.0100%	4h	0.7419	long leg	$2K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7413	−0.081%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7410	−0.121%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7412	−0.088%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7409	−0.135%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7417	−0.027%	$8K	$4K	10x	as long as short
Hyperliquid ASTERshort	+0.0144%	1h	0.7421	+0.033%	$25.7M	$6.8M	5x
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7417	−0.025%	$335K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7413	−0.077%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7411	−0.108%	$3.4M	$1.9M	75x	as long as short