Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.079% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPERUSDT	0.07449	0.0100	pay 0.0050% / 4h	3h 28m	$20K	$4K	5x
Short	Bybit HYPERUSDT	0.07443	0.0100	get 0.0050% / 4h	3h 28m	$1.2M	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee AsterbpFee BybitbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.9
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	4.02 bp	26.1 bp −$26	282.6 bp −$2,826	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPER on 10 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
BloFin HYPER-USDT	+0.0093%	4h	0.07459	+0.136%	$190K	$22K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07450	+0.018%	$69K	$120K	3x	as long as short
Aster HYPERUSDTlong	+0.0100%	4h	0.07449	long leg	$20K	$4K	5x
Binance HYPERUSDT	+0.0100%	4h	0.07444	−0.066%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDTshort	+0.0100%	4h	0.07443	−0.079%	$1.2M	$706K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07450	+0.015%	$91K	$46K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07440	−0.119%	$258K	$127K	20x	as long as short
KuCoin HYPERUSDTM	+0.0100%	4h	0.07438	−0.146%	$132K	$93K	30x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07444	−0.066%	$311K	$263K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07456	+0.094%	$7K	$1K	—	as long as short