Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster−0.114%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.114% cheaper against Aster than usual: you would sell low and buy high, −$11 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 METUSDT	0.2848	0.0100	pay 0.0050% / 4h	3h 14m	$54K	$11K	5x
Short	Hyperliquid MET	0.2845	0.0100	get 0.0013% / 1h	14m 20s	$4.1M	$1.5M	3x

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

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → 0.000%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$28.38
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	0.87 bp	20.7 bp −$21	doesn't fit	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.

MET on 16 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
GMX MET/USD [WBTC.b-USDC]	L −0.1723% / S +0.0247%	1h	0.2847	−0.056%	$10K	—	50x	as long as short
Hyperliquid METshort	+0.0100%	1h	0.2845	−0.114%	$4.1M	$1.5M	3x
Aster METUSDTlong	+0.0100%	4h	0.2848	long leg	$54K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2847	−0.045%	$5.0M	$11.8M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2846	−0.079%	$5.0M	$3.1M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2847	−0.047%	$1.3M	$3.4M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2847	−0.047%	$193K	$186K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2847	−0.047%	$991K	$284K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2847	−0.047%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2848	−0.012%	$682K	$867K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni METUSDT	+0.0100%	1h	0.2840	−0.293%	$36K	$117K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2849	+0.023%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0141%	4h	0.2847	−0.047%	$292K	$87K	50x	as long as short
Phoenix MET	+0.0197%	1h	0.2848	−0.023%	$15K	$15K	5x	as long as short
Lighter MET	+0.0376%	1h	0.2853	+0.181%	$255K	$280K	5x	as long as short
Backpack MET_USDC_PERP	+0.0656%	1h	0.2850	+0.058%	$331K	$264K	5x	as long as short