Funding you earn now, next payment 23:00 UTC−0.0966%/8h= −105.8% APRpaid last 24h −0.315%
Price spread now: Aster against Hyperliquid−0.282%7-day average −0.256% · 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−$322as in the Price arb table
costs, in and out, $10k−$3203.195% of the position
Funding, last 5 days (all we have)−0.440%−$44 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.282%, 7d avg −0.256%
=Together, before fees−0.369%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Aster is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.256%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.440% in total (about -30.6% 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 NIL | 0.06806 | 0.1066 | pay 0.0133% / 1h | 53m 52s | $4.0M | $4.6M | 3x |
| Short | Aster NILUSDT | 0.06787 | 0.0100 | get 0.0050% / 4h | 1h 53m | $20K | $368K | 5x |
Hyperliquid NIL
Aster NILUSDTFunding 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
- −$202.81
- Price spread: −0.282% → −0.256%
- −$2.53
- Slippage, 4 orders
- −$302.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$524.89
- Costs to cover
- 3.195%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Aster: live order book, 28 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, 8 min ago | 3.31 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 13.29 bp | 129.8 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDTshort | +0.0100% | 4h | 0.06787 | −0.282% | $20K | $368K | 5x | |
| Binance NILUSDT | +0.0100% | 4h | 0.06795 | −0.158% | $5.3M | $82.4M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06804 | −0.029% | $3.5M | $14.4M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06783 | −0.338% | $437K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06791 | −0.220% | $2.4M | $5.2M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06783 | −0.338% | $493K | $722K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06801 | −0.073% | $1.7M | $9.2M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06783 | −0.338% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06771 | −0.515% | $50K | $145K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06789 | −0.251% | $16K | $94K | 5x | as long as short |
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0139% | 4h | 0.06769 | −0.544% | $352K | $151K | 50x | as long as short |
| Hyperliquid NILlong | +0.1066% | 1h | 0.06806 | long leg | $4.0M | $4.6M | 3x |
BloFin NIL-USDT