Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Hyperliquid against Aster+0.245%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 0.245% dearer against Aster than usual: you sell high and buy low, +$24 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 TRBUSDT	19.007	0.0100	pay 0.0050% / 4h	2h 19m	$7K	$25K	5x
Short	Hyperliquid TRB	19.054	0.0100	get 0.0013% / 1h	19m 34s	$475K	$269K	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 +0.245%Rate

Funding earned: $0
Price spread: +0.245% → 0.000%: $24.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.48
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 60 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, 60 min ago	1.30 bp	24.2 bp −$24	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.

TRB on 13 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
Hyperliquid TRBshort	+0.0100%	1h	19.054	+0.245%	$475K	$269K	3x
Aster TRBUSDTlong	+0.0100%	4h	19.007	long leg	$7K	$25K	5x
Binance TRBUSDT	+0.0100%	4h	19.046	+0.203%	$5.0M	$11.7M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.069	+0.324%	$6.2M	$2.2M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.050	+0.224%	$4.3M	$5.3M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.049	+0.219%	$15.2M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.018	+0.055%	$1.2M	$332K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.055	+0.250%	$1.3M	$1.6M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.044	+0.192%	—	$18.2M	—	as long as short
Variational Omni TRB	+0.0100%	4h	18.987	−0.107%	$15K	$4K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRB_USDT	+0.0146%	4h	19.040	+0.171%	$589K	$2.2M	50x	as long as short
BloFin TRB-USDT	+0.0152%	4h	18.985	−0.118%	$355K	$166K	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1246%	1h	19.072	+0.337%	$102K	$51K	10x	as long as short