Settings8H · net · $10k
Funding arb · Price arb /

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0719%/8h= −78.8% APRpaid last 24h −0.043%
Price spread now: Aster against Hyperliquid−0.368%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aster is 0.368% cheaper against Hyperliquid than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11700.0819pay 0.0102% / 1h40m 02s$5.5M$1.3M3x
ShortAster CCUSDT0.11660.0100get 0.0050% / 4h2h 40m$35K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
−$151.06
Price spread: −0.368% → 0.000%
−$36.75
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$204.81
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago1.71 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3670%1h0.1153−1.453%$6K$985.5xas long as short
Paradex CC-USD-PERP+0.0099%8h0.1166−0.346%$1K5xas long as short
Aster CCUSDTshort+0.0100%4h0.1166−0.368%$35K$39K20x
Binance CCUSDT+0.0100%4h0.1167−0.274%$11.1M$10.8M75xas long as short
Bybit CCUSDT+0.0100%4h0.1167−0.256%$10.6M$3.7M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1168−0.214%$2.5M$3.4M20xas long as short
Gate CC_USDT+0.0100%4h0.1165−0.462%$362K$206K50xas long as short
MEXC CC_USDT+0.0100%4h0.1166−0.308%$1.7M$294K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1167−0.291%$492K$115K50xas long as short
Bitget CCUSDT+0.0100%4h0.1168−0.214%$940K$791K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CC-USDT+0.0100%4h0.1167−0.265%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1167−0.231%$17K$21K10xas long as short
Variational Omni CC+0.0100%4h0.1165−0.448%$580K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1168−0.162%$84K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1166−0.367%$7K$35K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1166−0.385%$588K$108K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0442% / S −0.0239%1h0.1167−0.247%$43K50xas long as short
Hyperliquid CClong+0.0819%1h0.1170long leg$5.5M$1.3M3x
Lighter CC+0.1616%1h0.1171+0.085%$234K$160K5xas long as short