Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.053%

Price spread now: Aster against Hyperliquid−0.036%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 7 days−0.125%−$12 · spread now −0.036%, 7d avg −0.087%

Together, before fees−0.240%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.051% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.087%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.115% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WLD	0.4494	0.0252	pay 0.0032% / 1h	22m 49s	$48.6M	$44.0M	10x
Short	Aster WLDUSDT	0.4492	0.0100	get 0.0100% / 8h	2h 22m	$224K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$31.95
Price spread: −0.036% → −0.087%: $5.07
Slippage, 4 orders: −$20.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.25
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Aster: live order book, just now.

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 Hyperliquid live order book, 11 min ago	0.11 bp	4.6 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, just now	4.45 bp	11.1 bp −$11	31.8 bp −$318	doesn't fit	doesn't fit

WLD on 38 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
Nado WLD-PERP	−0.0054%	1h	0.4481	−0.267%	$241K	$207K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4489	−0.094%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4484	−0.211%	$69K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4485	−0.189%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4483	−0.237%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0038%	1h	0.4479	−0.318%	$41K	$2.4M	10x	as long as short
01 Exchange WLDUSD	+0.0040%	1h	0.4481	−0.272%	$321	$55	5x	as long as short
KuCoin WLDUSDTM	+0.0047%	8h	0.4488	−0.122%	$6.7M	$11.9M	50x	as long as short
Lighter WLD	+0.0096%	1h	0.4495	+0.029%	$4.9M	$2.9M	10x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4482	−0.256%	$28K	$798K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDTshort	+0.0100%	8h	0.4492	−0.036%	$224K	$1.1M	50x
Pacifica WLD	+0.0100%	1h	0.4486	−0.166%	$50K	$542K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4495	+0.032%	$85.6M	$338.0M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4497	+0.078%	$64.0M	$91.6M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4498	+0.100%	$33.9M	$153.0M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4489	−0.100%	$7.3M	$37.3M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4490	−0.078%	$38.9M	$55.8M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4489	−0.100%	$29.5M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4489	−0.100%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4488	−0.120%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4475	−0.417%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4470	−0.518%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4485	−0.194%	$592K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4473	−0.456%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4486	−0.167%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4484	−0.211%	$204	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4481	−0.278%	$820K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4486	−0.167%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4488	−0.116%	$219K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4484	−0.205%	$30K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4480	−0.306%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4480	−0.303%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.434%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4482	−0.261%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4488	−0.122%	$4.8M	$920K	75x	as long as short
Hyperliquid WLDlong	+0.0252%	1h	0.4494	long leg	$48.6M	$44.0M	10x
Kraken Futures PF_WLDUSD	+0.0505%	1h	0.4486	−0.174%	$853K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4497	+0.078%	$273K	$1.6M	50x	as long as short