ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0673%/8h= −73.7% APRnext payment −$0.84 per $10,000 · paid last 24h −0.146%

Price spread now: Coinbase International against Hyperliquid−0.386%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.389%−$39 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.386%, 7d avg −0.146%

Together, before fees−0.310%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Coinbase International is 0.240% cheaper against Hyperliquid than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.146%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.389% in total (about -20.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 per $10,000. 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	Hyperliquid ASTER	0.7428	0.0513	pay 0.0064% / 1h	37m 23s	$26.0M	$6.8M	5x
Short	Coinbase International ASTER-PERP-INTX	0.7399	−0.0160	pay 0.0020% / 1h	37m 23s	$251K	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.386%Rate

Funding earned: −$141.41
Price spread: −0.386% → −0.146%: −$24.04
Slippage, 4 orders: −$19.95
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$204.41
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 51 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, 6 min ago	1.42 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 51 min ago	2.43 bp	11.6 bp −$12	16.8 bp −$168	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-INTXshort	−0.0160%	1h	0.7399	−0.386%	$251K	$832K	50x
Injective ASTER/USDC PERP	−0.0072%	1h	0.7377	−0.684%	$9	$54K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7410	−0.239%	$56.9M	$99.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7420	−0.100%	$11K	$87K	25x	as long as short
dYdX ASTER-USD	+0.0005%	1h	0.7408	−0.270%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7418	−0.135%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7412	−0.206%	$911K	$836K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7420	−0.105%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7418	−0.125%	$368K	$280K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7412	−0.216%	$254K	$108K	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	0.7417	−0.143%	$90.8M	$105.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7417	−0.145%	$49.6M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7419	−0.118%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7417	−0.145%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7419	−0.118%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7418	−0.127%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7419	−0.118%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7418	−0.132%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7399	−0.389%	$265K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7400	−0.381%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7401	−0.361%	$460K	$4.0M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7401	−0.361%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7422	−0.078%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7416	−0.159%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7415	−0.172%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7419	−0.124%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7394	−0.453%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7421	−0.092%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7419	−0.123%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7419	−0.112%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7389	−0.522%	$3.4M	$1.8M	75x	as long as short
Hyperliquid ASTERlong	+0.0513%	1h	0.7428	long leg	$26.0M	$6.8M	5x