Settings8H · net · $10k
Funding arb · Price arb /

ALGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Aster+0.082%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 0.082% 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ALGOUSDT0.11120.0100pay 0.0100% / 8h0m 10s$44K$37K5x
ShortHyperliquid ALGO0.11130.0100get 0.0013% / 1h0m 10s$3.4M$2.3M5x

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

Funding earned
$0
Price spread: +0.082% → 0.000%
$8.25
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$8.75
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 1 min ago1.35 bp12.9 bp −$13doesn't fitdoesn't fitdoesn'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.

ALGO on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0290%1h0.1111−0.079%$88K$46K25xas long as short
Kraken Futures PF_ALGOUSD−0.0265%1h0.1112+0.022%$830K$1.1M50xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1112−0.020%$16K150xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.721%$834$233K12xas long as short
Hyperliquid ALGOshort+0.0100%1h0.1113+0.082%$3.4M$2.3M5x
Aster ALGOUSDTlong+0.0100%8h0.1112long leg$44K$37K5x
Binance ALGOUSDT+0.0100%8h0.1111−0.061%$9.5M$34.5M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1110−0.133%$11.2M$13.1M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1111−0.088%$2.7M$7.8M50xas long as short
Gate ALGO_USDT+0.0100%8h0.1112+0.002%$837K$956K50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1111−0.106%$23.4M$3.2M200xas long as short
KuCoin ALGOUSDTM+0.0100%8h0.1112−0.016%$3.4M$1.4M50xas long as short
Bitget ALGOUSDT+0.0100%8h0.1111−0.088%$5.5M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1111−0.079%$3.4Mas long as short
Variational Omni ALGO+0.0100%8h0.1110−0.165%$61K$12Kas long as short
HTX ALGO-USDT+0.0100%8h0.1111−0.079%$58K$137K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1114+0.181%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1111−0.107%$4K$195K10xas long as short
Coinbase International ALGO-PERP-INTX+0.0144%1h0.1117+0.415%$63K$194K50xas long as short
BloFin ALGO-USDT+0.0220%8h0.1112+0.020%$476K$834K75xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0319% / S −0.0264%1h0.1111−0.056%$6K100xas long as short
dYdX ALGO-USD+0.1084%1h0.1112−0.011%$160K$5K5xas long as short