Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.098%

Price spread now: Hyperliquid against Aster−0.082%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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Hyperliquid is 0.082% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MOVEUSDT	0.009300	0.0427	pay 0.0213% / 4h	3h 48m	$11K	$12K	5x
Short	Hyperliquid MOVE	0.009292	0.0100	get 0.0013% / 1h	48m 42s	$229K	$217K	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 −0.082%Rate

Funding earned: −$68.66
Price spread: −0.082% → 0.000%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$93.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 39 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, 39 min ago	1.08 bp	doesn't fit	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.

MOVE on 14 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
Bybit MOVEUSDT	−0.0335%	4h	0.009299	−0.007%	$1.9M	$676K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−3.975%	$722	$21K	12x	as long as short
Hyperliquid MOVEshort	+0.0100%	1h	0.009292	−0.082%	$229K	$217K	3x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009299	−0.007%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009290	−0.104%	$418K	$331K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009290	−0.104%	$1.1M	$41K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009302	+0.025%	$846K	$418K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009295	−0.050%	$6K	$2K	—	as long as short
Aster MOVEUSDTlong	+0.0427%	4h	0.009300	long leg	$11K	$12K	5x
BloFin MOVE-USDT	+0.0467%	4h	0.009299	−0.007%	$122K	$12K	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0476%	4h	0.009300	+0.004%	$3.8M	$230K	20x	as long as short
Binance MOVEUSDT	+0.0476%	4h	0.009303	+0.036%	$2.0M	$4.1M	25x	as long as short
Extended MOVE-USD	+0.0480%	1h	0.009295	−0.045%	$10K	$143K	5x	as long as short
BingX MOVE-USDT	+0.0518%	4h	0.009303	+0.036%	—	$6.5M	—	as long as short