Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.007%

Price spread now: BloFin against Hyperliquid+0.008%47s7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as 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−$320.316% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.309%+$31 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.008%, 7d avg −0.104%

Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.112% dearer against Hyperliquid than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.104%. The two prices were read 47 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	0.7312	0.0165	pay 0.0021% / 1h	50m 30s	$25.3M	$6.5M	5x
Short	BloFin ASTER-USDT	0.7313	0.0340	get 0.0170% / 4h	50m 30s	$3.5M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $36.72
Price spread: +0.008% → −0.104%: $11.2
Slippage, 4 orders: −$10.61
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.3
Costs to cover: 0.316%
Break-even: 3.9 days

Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago	0.89 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.68 bp	7.7 bp −$8	12.6 bp −$126	37.1 bp −$3,709	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	−0.0072%	1h	0.7328	+0.208%	$277K	$884K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7308	−0.058%	$54.3M	$102.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7313	+0.005%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7307	−0.077%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7305	−0.097%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.061%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0078%	4h	0.7303	−0.129%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7312	+0.001%	$891K	$909K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7306	−0.081%	$366K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7311	−0.022%	$254K	$73K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7304	−0.112%	$90.0M	$111.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7303	−0.129%	$48.5M	$23.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7306	−0.088%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7307	−0.074%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7302	−0.142%	$33.5M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7305	−0.097%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7304	−0.115%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7305	−0.101%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7311	−0.016%	$214K	$486K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	−0.105%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.336%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7340	+0.377%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7316	+0.049%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7307	−0.074%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7313	+0.008%	$242K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7306	−0.084%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7336	+0.329%	$213K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7307	−0.074%	$8K	$4K	10x	as long as short
Hyperliquid ASTERlong	+0.0165%	1h	0.7312	long leg	$25.3M	$6.5M	5x
Kraken Futures PF_ASTERUSD	+0.0282%	1h	0.7313	+0.002%	$336K	$492K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7304	−0.122%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7313	+0.008%	$3.5M	$1.8M	75x