Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0227%/8h= +24.9% APRpaid last 24h +0.060%

Price spread now: Hyperliquid against edgeX+0.183%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on edgeX Short on Hyperliquid

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−0.131%−$13 · spread now +0.183%, 7d avg +0.123%

Together, before fees−0.015%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.123%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ASTERUSDC	0.7441	0.0106	pay 0.0053% / 4h	7m 31s	$215K	$1.9M	10x
Short	Hyperliquid ASTER	0.7454	0.0333	get 0.0042% / 1h	7m 31s	$25.9M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.183%Rate

Funding earned: $47.75
Price spread: +0.183% → +0.123%: $5.97
Slippage, 4 orders: −$10.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $25.33
Costs to cover: 0.284%
Break-even: 3.3 days

Slippage from edgeX: live order book, 1 min ago; Hyperliquid: live order book, 6 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 edgeX live order book, 1 min ago	2.02 bp	6.5 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.67 bp	7.2 bp −$7	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	−0.0136%	1h	0.7447	+0.077%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7448	+0.101%	$56.7M	$100.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7445	+0.056%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7447	+0.079%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7446	+0.066%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7451	+0.132%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.683%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7447	+0.083%	$922K	$884K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7442	+0.016%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7445	+0.056%	$372K	$266K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7447	+0.089%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7435	−0.078%	$91.1M	$107.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7448	+0.097%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7444	+0.043%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7450	+0.124%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7444	+0.043%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7448	+0.102%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7442	+0.016%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7438	−0.038%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7448	+0.098%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.113%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7440	−0.005%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7443	+0.029%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7454	+0.177%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7447	+0.083%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7443	+0.029%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7441	+0.003%	$374K	$641K	25x	as long as short
edgeX ASTERUSDClong	+0.0106%	4h	0.7441	long leg	$215K	$1.9M	10x
01 Exchange ASTERUSD	+0.0144%	1h	0.7439	−0.024%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7445	+0.059%	$28K	—	100x	as long as short
Hyperliquid ASTERshort	+0.0333%	1h	0.7454	+0.183%	$25.9M	$6.9M	5x
BloFin ASTER-USDT	+0.0340%	4h	0.7444	+0.043%	$3.5M	$1.9M	75x	as long as short