Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.011%

Price spread now: Hyperliquid against Aster+0.065%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

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.065% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread 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 STABLEUSDT	0.02472	−0.0186	get 0.0093% / 4h	2h 54m	$19K	$7K	20x
Short	Hyperliquid STABLE	0.02474	0.0100	get 0.0013% / 1h	54m 14s	$873K	$234K	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 +0.065%Rate

Funding earned: $60.01
Price spread: +0.065% → 0.000%: $6.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $49.55
Costs to cover: 0.170%
Break-even: 1.2 days

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 31 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, 31 min ago	6.87 bp	23.0 bp −$23	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.

STABLE 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
Aster STABLEUSDTlong	−0.0186%	4h	0.02472	long leg	$19K	$7K	20x
BloFin STABLE-USDT	+0.0094%	4h	0.02476	+0.146%	$115K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02490	+0.696%	$114K	$3K	3x	as long as short
Hyperliquid STABLEshort	+0.0100%	1h	0.02474	+0.065%	$873K	$234K	3x
Binance STABLEUSDT	+0.0100%	4h	0.02474	+0.052%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02477	+0.175%	$1.5M	$819K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	+0.065%	$204K	$417K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02474	+0.065%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02475	+0.106%	$660K	$156K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02481	+0.349%	$175K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02477	+0.187%	$292K	$117K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02476	+0.146%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.126%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	+0.086%	$2K	$642K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02473	+0.043%	$12K	$175K	10x	as long as short