Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.081%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 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 0.081% dearer against Aster than usual: you sell high and buy low, +$8 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 SKRUSDT	0.02079	0.0100	pay 0.0050% / 4h	1h 30m	$26K	$33K	5x
Short	Hyperliquid SKR	0.02081	0.0100	get 0.0013% / 1h	30m 12s	$1.3M	$737K	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 +0.081%Rate

Funding earned: $0
Price spread: +0.081% → 0.000%: $8.08
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$8.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago	0.71 bp	20.9 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.

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02080	+0.042%	$233K	$151K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0005%	1h	0.02082	+0.139%	$49K	$211K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02077	−0.112%	$14K	$17K	3x	as long as short
Hyperliquid SKRshort	+0.0100%	1h	0.02081	+0.081%	$1.3M	$737K	3x
Aster SKRUSDTlong	+0.0100%	4h	0.02079	long leg	$26K	$33K	5x
Binance SKRUSDT	+0.0100%	4h	0.02083	+0.181%	$3.5M	$12.0M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02081	+0.071%	$4.4M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02079	−0.039%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02081	+0.086%	$4.3M	$481K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02079	−0.001%	$670K	$685K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02081	+0.062%	$1.5M	$1.1M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02083	+0.177%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02077	−0.092%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02078	−0.073%	$14K	$37K	20x	as long as short
Phoenix SKR	+0.0379%	1h	0.02093	+0.658%	$4K	$10K	3x	as long as short