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: Extended against Hyperliquid−0.153%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.153%, 7d avg −0.098%

Together, before fees−0.144%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$14 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: Extended is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7381	0.0104	pay 0.0013% / 1h	30m 16s	$25.6M	$6.6M	5x
Short	Extended ASTER-USD	0.7370	0.0104	get 0.0013% / 1h	30m 16s	$367K	$640K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0.07
Price spread: −0.153% → −0.098%: −$5.58
Slippage, 4 orders: −$13.83
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.34
Costs to cover: 0.278%
Break-even: 3306.6 days

Slippage from Hyperliquid: live order book, 3 min ago; Extended: live order book, 38 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	1.36 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	2.55 bp	5.1 bp −$5	7.4 bp −$74	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	−0.685%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7362	−0.263%	$55.2M	$101.3M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7371	−0.132%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7366	−0.202%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.121%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7368	−0.177%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7361	−0.272%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7374	−0.093%	$895K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7362	−0.252%	$366K	$255K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7361	−0.272%	$252K	$71K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7372	−0.123%	$90.3M	$110.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7371	−0.136%	$49.3M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7377	−0.055%	$12.1M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7371	−0.136%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7372	−0.123%	$34.7M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7371	−0.138%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7375	−0.082%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7376	−0.068%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7374	−0.090%	$221K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7358	−0.307%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7349	−0.436%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	−0.529%	$65K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7365	−0.217%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7373	−0.109%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7370	−0.150%	$244K	$117K	20x	as long as short
Hyperliquid ASTERlong	+0.0104%	1h	0.7381	long leg	$25.6M	$6.6M	5x
Extended ASTER-USDshort	+0.0104%	1h	0.7370	−0.153%	$367K	$640K	25x
edgeX ASTERUSDC	+0.0120%	4h	0.7340	−0.562%	$212K	$2.0M	10x	as long as short
dYdX ASTER-USD	+0.0160%	1h	0.7362	−0.264%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7378	−0.045%	$339K	$488K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7364	−0.233%	$28K	—	100x	as long as short