Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.063%

Price spread now: Hyperliquid against Binance+0.087%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.087%, 7d avg +0.066%

Together, before fees+0.091%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7440	0.0100	pay 0.0050% / 4h	3h 41m	$91.2M	$108.1M	75x
Short	Hyperliquid ASTER	0.7447	0.0244	get 0.0030% / 1h	41m 04s	$25.9M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.087%Rate

Funding earned: $30.2
Price spread: +0.087% → +0.066%: $2.16
Slippage, 4 orders: −$13.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$0.02
Costs to cover: 0.324%
Break-even: 7.0 days

Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

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 Binance live order book, 2 min ago	0.67 bp	8.1 bp −$8	13.4 bp −$134	58.9 bp −$5,895	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.40 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

ASTER on 32 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
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7433	−0.095%	$264K	$864K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0060%	1h	0.7435	−0.073%	$215K	$405K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7440	+0.004%	$56.5M	$100.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7435	−0.072%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7441	+0.009%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7438	−0.031%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.672%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7445	+0.073%	$342K	$486K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7446	+0.081%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7443	+0.042%	$918K	$879K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7436	−0.047%	$372K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7439	−0.019%	$255K	$103K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7440	long leg	$91.2M	$108.1M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7442	+0.027%	$49.8M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7440	0.000%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7440	0.000%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7439	−0.013%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7441	+0.017%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7439	−0.013%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7439	−0.013%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7435	−0.063%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7439	−0.014%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7432	−0.108%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7446	+0.081%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7440	0.000%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7441	+0.013%	$243K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7441	+0.013%	$372K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7434	−0.076%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7441	+0.013%	$8K	$4K	10x	as long as short
Hyperliquid ASTERshort	+0.0244%	1h	0.7447	+0.087%	$25.9M	$6.9M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7436	−0.055%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	0.000%	$3.5M	$1.9M	75x	as long as short