Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Hyperliquid against Aster−0.027%7-day average +0.106% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.062%+$6 on $10k
Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.027%, 7d avg +0.106%
Together, before fees+0.139%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.132% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.106%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ETHFIUSDT0.71350.0100pay 0.0050% / 4h1h 53m$182K$256K10x
ShortHyperliquid ETHFI0.71330.0100get 0.0013% / 1h53m 39s$18.1M$8.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Funding earned
$0
Price spread: −0.027% → +0.106%
−$13.25
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$30.25
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 28 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 28 min ago7.69 bp45.5 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago1.62 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ETHFI_USDC-PERPETUAL−0.0590%1h0.7137+0.028%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0253%1h0.7150+0.205%$281K$145K20xas long as short
HTX ETHFI-USDT−0.0200%4h0.7120−0.210%$83K$165K20xas long as short
Orderly PERP_ETHFI_USDC−0.0173%4h0.71350.000%$16K$1K10xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+1.472%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0041%8h0.7125−0.142%$6K5xas long as short
Bitget ETHFIUSDT+0.0060%4h0.7122−0.182%$6.1M$5.7M75xas long as short
Binance ETHFIUSDT+0.0079%4h0.7125−0.143%$24.8M$37.1M75xas long as short
Extended ETHFI-USD+0.0080%1h0.7124−0.160%$92K$495K10xas long as short
MEXC ETHFI_USDT+0.0080%4h0.7125−0.140%$15.1M$3.8M125xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7132−0.048%$1.1M$898K5xas long as short
Hyperliquid ETHFIshort+0.0100%1h0.7133−0.027%$18.1M$8.9M5x
Aster ETHFIUSDTlong+0.0100%4h0.7135long leg$182K$256K10x
Bybit ETHFIUSDT+0.0100%4h0.7133−0.028%$18.2M$12.9M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7129−0.084%$4.9M$12.5M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7138+0.042%$1.7M$2.0M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7133−0.028%$1.2M$270K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7131−0.056%$25.9Mas long as short
Variational Omni ETHFI+0.0100%4h0.7124−0.156%$1.0M$746Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7138+0.049%$60K$85K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7142+0.098%$2K$1.1M20xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7127−0.112%$8K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0304%1h0.7147+0.168%$31K$8K50xas long as short
BloFin ETHFI-USDT+0.0312%4h0.71350.000%$1.3M$292K75xas long as short