Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against KuCoin+0.274%7-day average +0.061% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days−0.252%−$25 · spread now +0.274%, 7d avg +0.061%

Together, before fees−0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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 Hyperliquid is 0.213% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7411	0.0100	pay 0.0050% / 4h	3h 22m	$11.0M	$3.2M	75x
Short	Hyperliquid ASTER	0.7431	0.0264	get 0.0033% / 1h	22m 49s	$26.0M	$6.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.274%Rate

Funding earned: $34.47
Price spread: +0.274% → +0.061%: $21.3
Slippage, 4 orders: −$44.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.63
Costs to cover: 0.654%
Break-even: 9.0 days

Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 5 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 KuCoin live order book, 5 min ago	4.86 bp	17.7 bp −$18	83.2 bp −$832	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.07 bp	7.4 bp −$7	doesn't fit	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-INTX	−0.0160%	1h	0.7408	−0.046%	$254K	$855K	50x	as long as short
Injective ASTER/USDC PERP	−0.0063%	1h	0.7377	−0.460%	$9	$54K	5.5x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0060%	1h	0.7406	−0.073%	$11K	$118K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7413	+0.021%	$57.2M	$99.8M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7408	−0.043%	$30K	—	150x	as long as short
Lighter ASTER	+0.0096%	1h	0.7422	+0.146%	$898K	$807K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7405	−0.089%	$366K	$289K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7407	−0.060%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7416	+0.067%	$90.9M	$106.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7415	+0.053%	$49.1M	$21.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7416	+0.066%	$11.9M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7413	+0.026%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7412	+0.012%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7411	long leg	$11.0M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7426	+0.201%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7418	+0.093%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7428	+0.223%	$2.0M	$287K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7417	+0.080%	$461K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7415	+0.053%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7410	−0.015%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7409	−0.028%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7405	−0.082%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7408	−0.042%	$241K	$115K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7414	+0.043%	$383K	$632K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7420	+0.118%	$214K	$1.9M	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0141%	1h	0.7414	+0.038%	$281K	$297K	10x	as long as short
01 Exchange ASTERUSD	+0.0168%	1h	0.7405	−0.082%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0236%	1h	0.7406	−0.075%	$13K	$61	5x	as long as short
Hyperliquid ASTERshort	+0.0264%	1h	0.7431	+0.274%	$26.0M	$6.9M	5x
Kraken Futures PF_ASTERUSD	+0.0269%	1h	0.7411	−0.002%	$288K	$418K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7405	−0.079%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7404	−0.096%	$3.5M	$1.9M	75x	as long as short