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

INIT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Aster+0.002%7-day average · you sell dearer than you buy
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster INITUSDT0.082160.0100pay 0.0050% / 4h11m 54s$27K$37K5x
ShortHyperliquid INIT0.082160.0100get 0.0013% / 1h11m 54s$299K$233K3x

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: +0.002% → 0.000%
$0.24
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.76
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 48 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 no order-book sample
Sell Hyperliquid live order book, 48 min ago2.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.

INIT on 13 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
BloFin INIT-USDT+0.0054%4h0.08217+0.012%$153K$111K25xas long as short
Hyperliquid INITshort+0.0100%1h0.08216+0.002%$299K$233K3x
Aster INITUSDTlong+0.0100%4h0.08216long leg$27K$37K5x
Binance INITUSDT+0.0100%4h0.08221+0.066%$3.4M$3.6M25xas long as short
Bybit INITUSDT+0.0100%4h0.08215−0.012%$1.4M$1.4M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h0.08227+0.134%$133K$636K10xas long as short
Gate INIT_USDT+0.0100%8h0.08209−0.085%$83K$56K25xas long as short
MEXC INIT_USDT+0.0100%4h0.08219+0.037%$447K$220K20xas long as short
KuCoin INITUSDTM+0.0100%4h0.08205−0.134%$327K$54K25xas long as short
Bitget INITUSDT+0.0100%4h0.08211−0.061%$429K$311K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INIT-USDT+0.0100%4h0.08222+0.073%$6.6Mas long as short
Variational Omni INIT+0.0100%4h0.08203−0.154%$26K$23Kas long as short
Kraken Futures PF_INITUSD+0.0495%1h0.08221+0.061%$5K$17K10xas long as short