Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.032%7-day average — · you sell dearer than you buy

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 6 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 0.032% dearer against Aster than usual: you sell high and buy low, +$3 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 NOTUSDT	0.0005068	0.0100	pay 0.0050% / 4h	10m 46s	$13K	$3K	5x
Short	Hyperliquid NOT	0.0005070	0.0100	get 0.0013% / 1h	10m 46s	$332K	$66K	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 +0.032%Rate

Funding earned: $0
Price spread: +0.032% → 0.000%: $3.16
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$13.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago	9.85 bp	32.5 bp −$33	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.

NOT on 16 exchanges

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
Variational Omni NOT	−0.0130%	4h	0.0005061	−0.148%	$68K	$17K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0005003	−1.290%	$1K	$34K	5.5x	as long as short
BloFin NOT-USDT	+0.0071%	4h	0.0005066	−0.047%	$115K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005078	+0.183%	$11K	$3K	3x	as long as short
Hyperliquid NOTshort	+0.0100%	1h	0.0005070	+0.032%	$332K	$66K	3x
Aster NOTUSDTlong	+0.0100%	4h	0.0005068	long leg	$13K	$3K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005068	0.000%	$2.1M	$2.8M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005062	−0.126%	$2.1M	$1.0M	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005071	+0.051%	$691K	$931K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005065	−0.067%	$140K	$62K	50x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005067	−0.028%	$1.3M	$491K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005061	−0.146%	$475K	$177K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005070	+0.032%	$689K	$540K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005067	−0.028%	—	$738K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005069	+0.011%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0579%	1h	0.0005070	+0.035%	$47K	$9K	10x	as long as short