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

REZ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.065%
Price spread now: Hyperliquid against Aster+0.236%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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.236% dearer against Aster than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster REZUSDT0.0038200.0100pay 0.0050% / 4h2h 37m$18K$37K5x
ShortHyperliquid REZ0.0038290.0128get 0.0016% / 1h37m 53s$1.6M$504K3x

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
$5.83
Price spread: +0.236% → 0.000%
$23.64
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$12.47
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago2.61 bp23.8 bp −$24doesn'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.

REZ on 12 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 REZ-USDT+0.0097%4h0.003823+0.079%$329K$50K50xas long as short
Aster REZUSDTlong+0.0100%4h0.003820long leg$18K$37K5x
Binance REZUSDT+0.0100%4h0.003821+0.023%$4.9M$8.9M50xas long as short
Gate REZ_USDT+0.0100%4h0.003820+0.001%$396K$127K10xas long as short
MEXC REZ_USDT+0.0100%4h0.003821+0.027%$1.3M$443K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003820+0.001%$452K$94K30xas long as short
Bitget REZUSDT+0.0100%4h0.003820+0.001%$601K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003818−0.064%$77K$47Kas long as short
Bybit REZUSDT+0.0101%4h0.003826+0.158%$1.5M$1.0M25xas long as short
BingX REZ-USDT+0.0102%4h0.003823+0.079%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid REZshort+0.0128%1h0.003829+0.236%$1.6M$504K3x
Kraken Futures PF_REZUSD+0.0136%1h0.003819−0.021%$43K$10K10xas long as short