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% APRpaid last 24h −0.064%

Price spread now: OKX against Hyperliquid−0.045%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.045%, 7d avg −0.070%

Together, before fees−0.103%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: OKX is 0.025% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7383	0.0100	pay 0.0013% / 1h	27m 48s	$25.6M	$6.6M	5x
Short	OKX ASTER-USDT-SWAP	0.7380	0.0100	get 0.0050% / 4h	2h 27m	$12.1M	$18.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.070%: $2.49
Slippage, 4 orders: −$17.68
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.19
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.68 bp	11.3 bp −$11	25.1 bp −$251	175.6 bp −$17.6K	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	−0.715%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7384	+0.008%	$55.3M	$101.3M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7384	+0.012%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7382	−0.024%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.091%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0064%	1h	0.7374	−0.126%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7381	−0.031%	$14K	$845	10x	as long as short
Lighter ASTER	+0.0096%	1h	0.7382	−0.011%	$896K	$898K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7372	−0.146%	$367K	$255K	5x	as long as short
Hyperliquid ASTERlong	+0.0100%	1h	0.7383	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	−0.225%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7378	−0.068%	$90.4M	$110.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7379	−0.058%	$49.3M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7380	−0.045%	$12.1M	$18.6M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7385	+0.023%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7375	−0.112%	$34.7M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7382	−0.020%	$11.0M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7376	−0.099%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7378	−0.072%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7384	+0.007%	$222K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7358	−0.338%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7349	−0.466%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7357	−0.356%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7382	−0.018%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7383	−0.004%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7374	−0.126%	$244K	$117K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7357	−0.355%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	−0.120%	$367K	$640K	25x	as long as short
dYdX ASTER-USD	+0.0150%	1h	0.7365	−0.251%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7388	+0.067%	$340K	$488K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7376	−0.093%	$28K	—	100x	as long as short