Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.097%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 0.097% dearer against Aster than usual: you sell high and buy low, +$10 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 ZKUSDT	0.01175	0.0100	pay 0.0050% / 4h	1h 35m	$31K	$21K	10x
Short	Hyperliquid ZK	0.01176	0.0100	get 0.0013% / 1h	35m 51s	$584K	$175K	5x

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 +0.097%Rate

Funding earned: $0
Price spread: +0.097% → 0.000%: $9.68
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$7.32
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 34 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, 34 min ago	2.13 bp	19.9 bp −$20	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.

ZK on 17 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
OKX ZK-USDT-SWAP	−0.0004%	4h	0.01175	+0.037%	$998K	$2.1M	20x	as long as short
Injective ZK/USDC PERP	+0.0033%	1h	0.01170	−0.422%	$2K	$31K	5.5x	as long as short
BloFin ZK-USDT	+0.0046%	4h	0.01178	+0.241%	$213K	$19K	75x	as long as short
Lighter ZK	+0.0096%	1h	0.01176	+0.063%	$128K	$194K	8x	as long as short
Hyperliquid ZKshort	+0.0100%	1h	0.01176	+0.097%	$584K	$175K	5x
Aster ZKUSDTlong	+0.0100%	4h	0.01175	long leg	$31K	$21K	10x
Pacifica ZK	+0.0100%	1h	0.01175	+0.003%	$29K	$3K	5x	as long as short
Binance ZKUSDT	+0.0100%	4h	0.01175	+0.042%	$4.9M	$8.0M	75x	as long as short
Bybit ZKUSDT	+0.0100%	4h	0.01175	+0.012%	$5.1M	$2.4M	25x	as long as short
Gate ZK_USDT	+0.0100%	8h	0.01174	−0.082%	$299K	$260K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZKUSDTM	+0.0100%	4h	0.01174	−0.082%	$968K	$1.5M	50x	as long as short
Bitget ZKUSDT	+0.0100%	4h	0.01176	+0.088%	$1.4M	$893K	75x	as long as short
BingX ZK-USDT	+0.0100%	4h	0.01175	+0.029%	—	$6.7M	—	as long as short
Variational Omni ZK	+0.0100%	4h	0.01174	−0.044%	$57K	$13K	—	as long as short
GRVT ZK_USDT_Perp	+0.0100%	4h	0.01179	+0.312%	$163K	$2.3M	10x	as long as short
ApeX Omni ZKUSDT	+0.0100%	1h	0.01178	+0.258%	$8K	$627K	50x	as long as short
Kraken Futures PF_ZKUSD	+0.1645%	1h	0.01177	+0.186%	$201K	$41K	25x	as long as short