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

ETHFI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: Aster against Hyperliquid−0.077%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)+0.027%+$3 · spread now −0.077%, 7d avg −0.106%
Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$3 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: Aster is 0.029% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.106%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ETHFI0.72070.0100pay 0.0013% / 1h44m 42s$19.7M$7.4M5x
ShortAster ETHFIUSDT0.72010.0100get 0.0050% / 4h2h 44m$184K$244K10x

Funding 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 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: −0.077% → −0.106%
$2.87
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$14.13
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Aster: live order book, 41 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 Hyperliquid live order book, 8 min ago0.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 41 min ago8.22 bp23.8 bp −$24doesn'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−0.0718%1h0.7221+0.198%$42K$18K10xas long as short
Kraken Futures PF_ETHFIUSD−0.0211%1h0.7229+0.304%$281K$131K20xas long as short
Orderly PERP_ETHFI_USDC−0.0150%4h0.7218+0.157%$16K$1K10xas long as short
HTX ETHFI-USDT−0.0112%4h0.7213+0.087%$84K$151K20xas long as short
Bitget ETHFIUSDT+0.0004%4h0.7190−0.232%$6.1M$5.5M75xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.462%$321$51K5.5xas long as short
Paradex ETHFI-USD-PERP+0.0039%8h0.7193−0.194%$6K5xas long as short
Variational Omni ETHFI+0.0077%4h0.7225+0.247%$1.1M$709Kas long as short
Lighter ETHFI+0.0096%1h0.7199−0.107%$1.1M$888K5xas long as short
Hyperliquid ETHFIlong+0.0100%1h0.7207long leg$19.7M$7.4M5x
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ETHFIUSDTshort+0.0100%4h0.7201−0.077%$184K$244K10x
Binance ETHFIUSDT+0.0100%4h0.7196−0.145%$25.4M$35.6M75xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7201−0.079%$18.6M$12.4M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7193−0.190%$4.9M$11.9M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7196−0.148%$1.7M$2.0M75xas long as short
MEXC ETHFI_USDT+0.0100%4h0.7193−0.190%$15.2M$3.6M125xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.7204−0.037%$1.2M$268K50xas long as short
BingX ETHFI-USDT+0.0100%4h0.7193−0.190%$25.9Mas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7231+0.333%$57K$81K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7226+0.268%$2K$1.0M20xas long as short
Extended ETHFI-USD+0.0104%1h0.7192−0.206%$101K$488K10xas long as short
Aevo ETHFI-PERP+0.0104%1h0.7215+0.115%$9K3xas long as short
Coinbase International ETHFI-PERP-INTX+0.0152%1h0.7268+0.851%$32K$9K50xas long as short
BloFin ETHFI-USDT+0.0340%4h0.7215+0.115%$1.3M$289K75xas long as short