Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.064%

Price spread now: ApeX Omni against Hyperliquid−0.410%85s7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.427% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.897%+$90 · spread now −0.410%, 7d avg −0.067%

Together, before fees+0.818%+ Points / potential airdropHyperliquid: Season 2 · farm board+$82 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.343% cheaper against Hyperliquid than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.067%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7387	0.0100	pay 0.0013% / 1h	28m 03s	$25.6M	$6.6M	5x
Short	ApeX Omni ASTERUSDT	0.7357	0.0100	get 0.0013% / 1h	28m 03s	$66K	$716K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.410%Rate

Funding earned: $0
Price spread: −0.410% → −0.067%: −$34.28
Slippage, 4 orders: −$23.68
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$76.96
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 41 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 Hyperliquid live order book, 5 min ago	1.36 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 41 min ago	6.70 bp	13.4 bp −$13	55.0 bp −$550	doesn't fit	doesn't fit

ASTER on 31 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	0.7330	−0.769%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7383	−0.059%	$55.3M	$101.3M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7384	−0.042%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7382	−0.078%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.037%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7374	−0.180%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7381	−0.085%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7388	+0.005%	$897K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7372	−0.200%	$367K	$255K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7387	long leg	$25.6M	$6.6M	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7367	−0.279%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7384	−0.047%	$90.4M	$110.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7386	−0.018%	$49.4M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7381	−0.085%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7385	−0.031%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7375	−0.167%	$34.7M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7382	−0.074%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7377	−0.139%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	−0.099%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7384	−0.047%	$222K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7358	−0.392%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7349	−0.520%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDTshort	+0.0100%	1h	0.7357	−0.410%	$66K	$716K	50x
SunX ASTER-USDT	+0.0100%	4h	0.7382	−0.072%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	−0.058%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7374	−0.180%	$244K	$117K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7357	−0.409%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	−0.174%	$367K	$640K	25x	as long as short
dYdX ASTER-USD	+0.0150%	1h	0.7365	−0.305%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7388	+0.013%	$340K	$488K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7376	−0.148%	$28K	—	100x	as long as short