Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.030%
Price spread now: Aster against Hyperliquid−0.092%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.092%, 7d avg −0.039%
=Together, before fees−0.012%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 86,657 | 0.0100 | pay 0.0013% / 1h | 3m 23s | $3.80B | $5.10B | 40x |
| Short | Aster BTCUSDT | 86,577.3 | 0.0012 | get 0.0012% / 8h | 3m 23s | $502.2M | $1.15B | 200x |
Hyperliquid BTC
Aster BTCUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.43
- Price spread: −0.092% → −0.039%
- −$5.26
- Slippage, 4 orders
- −$0.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$40.82
- Costs to cover
- 0.171%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Aster: 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 | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.2 bp −$516 | doesn't fit |
| Sell Aster live order book, 6 min ago | 0.01 bp | 4.0 bp −$4 | 4.5 bp −$45 | 4.9 bp −$487 | 6.7 bp −$3,330 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,570 | −0.100% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,570 | −0.100% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,605 | −0.060% | $333K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,586.3 | −0.082% | $8.3M | $42.7M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,585.4 | −0.083% | $360K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,591.8 | −0.075% | $412K | $22.4M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,591.8 | −0.075% | $36.9M | — | 200x | as long as short |
| Aster BTCUSDTshort | +0.0012% | 8h | 86,577.3 | −0.092% | $502.2M | $1.15B | 200x | |
| KuCoin XBTUSDTM | +0.0025% | 8h | 86,576.9 | −0.092% | $835.2M | $728.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0038% | 1h | 86,581.9 | −0.087% | $6.7M | $145.6M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDT | +0.0044% | 8h | 86,579.5 | −0.089% | — | $1.59B | — | as long as short |
| Phemex BTCUSDT | +0.0054% | 8h | 86,564.6 | −0.107% | $151.9M | $478.8M | 150x | as long as short |
| Bitget BTCUSDT | +0.0057% | 8h | 86,573.9 | −0.096% | $2.97B | $5.12B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,559.6 | −0.112% | $17.0M | $21.2M | 50x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,564.8 | −0.106% | $2.5M | $1.4M | 20x | as long as short |
| MEXC BTC_USDT | +0.0075% | 8h | 86,578.8 | −0.090% | $5.16B | $5.69B | 500x | as long as short |
| Binance BTCUSDT | +0.0075% | 8h | 86,575.5 | −0.094% | $9.45B | $24.54B | 150x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,578.6 | −0.091% | $5.85B | $10.82B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,585.5 | −0.083% | $170.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,586.9 | −0.081% | $23.8M | $153.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,574 | −0.096% | $8.5M | $52.3M | 100x | as long as short |
| Bybit BTCUSDT | +0.0099% | 8h | 86,576.5 | −0.093% | $5.27B | $9.79B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,556 | −0.117% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,618.6 | −0.044% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,577.3 | −0.092% | $21.8M | $233.9M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 86,657 | long leg | $3.80B | $5.10B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,605.3 | −0.060% | $41.1M | $538.1M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,583.5 | −0.085% | $2.55B | $12.75B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,584 | −0.084% | $3.9M | $18.4M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,609.1 | −0.055% | $7.2M | $96.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,577.1 | −0.092% | $38.1M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474 | −0.211% | $157.6M | $567.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,494.6 | −0.187% | $279.4M | $947.7M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,495.7 | −0.186% | $217.1M | $171.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,506.3 | −0.174% | $141.8M | $323.3M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,554.7 | −0.118% | $30.7M | $207.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,619.2 | −0.044% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,580 | −0.089% | $11.1M | $14.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,580.1 | −0.089% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,569.1 | −0.101% | $2.5M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,609.1 | −0.055% | $141K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,604.4 | −0.061% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,567.1 | −0.104% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,567 | −0.104% | $60.5M | $338.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,559 | −0.113% | $2.30B | $968.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,452.9 | −0.236% | $572.2M | $12.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,557 | −0.115% | $45.8M | $225.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,591.8 | −0.075% | — | $100.0M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,585.8 | −0.082% | $193.6M | $953.0M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,601.8 | −0.064% | $132.2M | $5.64B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0161% | 1h | 86,537.6 | −0.138% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,594 | −0.073% | $717K | $8.1M | 30x | as long as short |
| BloFin BTC-USDT | +0.0195% | 8h | 86,487.6 | −0.195% | $415.0M | $659.1M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0201% / S −0.0225% | 1h | 86,580.4 | −0.088% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0209% | 8h | 86,577 | −0.092% | $10.4M | $754.5M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0249% | 1h | 86,613.2 | −0.051% | $912.9M | $1.49B | 50x | as long as short |
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL