Funding you earn now, next payment 22:00 UTC−0.0837%/8h= −91.6% APRpaid last 24h −0.083%
Price spread now: Aster against Hyperliquid−0.118%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 5 days (all we have)−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.118%, 7d avg −0.084%
=Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Aster is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.084%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.114% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9787 | 0.0937 | pay 0.0117% / 1h | 33m 09s | $4.7M | $5.0M | 5x |
| Short | Aster ICPUSDT | 2.9752 | 0.0100 | get 0.0100% / 8h | 2h 33m | $187K | $1.5M | 20x |
Hyperliquid ICP
Aster ICPUSDTFunding 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
- −$175.68
- Price spread: −0.118% → −0.084%
- −$3.42
- Slippage, 4 orders
- −$42.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$238.92
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Aster: live order book, 5 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, 9 min ago | 1.17 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 5.04 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1311% | 8h | 2.9620 | −0.561% | $1.7M | $782K | 50x | as long as short |
| Variational Omni ICP | −0.0263% | 8h | 2.9734 | −0.178% | $1.1M | $119K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0254% | 1h | 2.9729 | −0.195% | $265 | $464 | 50x | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.410% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0115% | 8h | 2.9720 | −0.225% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDT | −0.0019% | 8h | 2.9730 | −0.191% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9755 | −0.108% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9747 | −0.135% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9762 | −0.084% | $166K | $442K | 5x | as long as short |
| OKX ICP-USDT-SWAP | +0.0099% | 8h | 2.9720 | −0.225% | $5.8M | $15.6M | 50x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
Injective ICP/USDC PERP
Gate ICP_USDT
Bybit ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
OKX ICP-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDTshort | +0.0100% | 8h | 2.9752 | −0.118% | $187K | $1.5M | 20x | |
| Pacifica ICP | +0.0100% | 1h | 2.9763 | −0.082% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9730 | −0.191% | $28.9M | $48.7M | 75x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9730 | −0.191% | $19.6M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9740 | −0.158% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9750 | −0.124% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9730 | −0.191% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9767 | −0.068% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9778 | −0.030% | $571K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9720 | −0.225% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9720 | −0.225% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9732 | −0.185% | $24K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9764 | −0.078% | $495K | $510K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9720 | −0.225% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9760 | −0.091% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9737 | −0.169% | $31K | — | 100x | as long as short |
| Hyperliquid ICPlong | +0.0937% | 1h | 2.9787 | long leg | $4.7M | $5.0M | 5x |
Pacifica ICP
Binance ICPUSDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]