Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0200%/8h= +21.9% APRpaid last 24h +0.061%

Price spread now: Hyperliquid against OKX+0.068%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.068%, 7d avg +0.068%

Together, before fees+0.063%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% a year). A funding rate is set anew for every payment. 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	OKX ASTER-USDT-SWAP	0.7460	0.0100	pay 0.0050% / 4h	55m 19s	$12.0M	$18.7M	50x
Short	Hyperliquid ASTER	0.7465	0.0300	get 0.0037% / 1h	55m 19s	$25.9M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.068%Rate

Funding earned: $41.91
Price spread: +0.068% → +0.068%: $0.02
Slippage, 4 orders: −$18.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.25
Costs to cover: 0.377%
Break-even: 6.3 days

Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 8 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 OKX live order book, 3 min ago	0.67 bp	11.8 bp −$12	19.6 bp −$196	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.07 bp	8.2 bp −$8	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	−0.0136%	1h	0.7447	−0.174%	$260K	$846K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7454	−0.080%	$56.9M	$99.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7451	−0.120%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7460	−0.003%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7458	−0.024%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7463	+0.044%	$337K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.938%	$9	$133K	5.5x	as long as short
Lighter ASTER	+0.0096%	1h	0.7463	+0.047%	$924K	$883K	5x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7455	−0.067%	$373K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7455	−0.065%	$255K	$107K	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	0.7459	−0.011%	$91.3M	$106.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7459	−0.013%	$49.9M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7460	long leg	$12.0M	$18.7M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7456	−0.054%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7458	−0.027%	$34.5M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7453	−0.095%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7460	0.000%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7458	−0.027%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7451	−0.114%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7440	−0.261%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	−0.228%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7438	−0.295%	$66K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7461	+0.013%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7466	+0.080%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7459	−0.013%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7456	−0.054%	$244K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7442	−0.248%	$215K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7457	−0.041%	$378K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0168%	1h	0.7461	+0.013%	$8K	$4K	10x	as long as short
Hyperliquid ASTERshort	+0.0300%	1h	0.7465	+0.068%	$25.9M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7460	−0.005%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7449	−0.147%	$3.5M	$1.9M	75x	as long as short