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

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Aster−0.029%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster GMTUSDT0.008530−0.0101get 0.0050% / 4h3h 31m$7K$22K10x
ShortHyperliquid GMT0.0085280.0100get 0.0013% / 1h31m 58s$113K$149K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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
$42.21
Price spread: −0.029% → 0.000%
−$2.91
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$22.3
Costs to cover
0.170%
Break-even
3.3 days
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 47 min ago. 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 Aster no order-book sample
Sell Hyperliquid live order book, 47 min ago1.74 bp28.7 bp −$29doesn't fitdoesn't fitdoesn't fit
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.

GMT on 12 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
Kraken Futures PF_GMTUSD−0.1572%1h0.008544+0.161%$44K$12K20xas long as short
Bybit GMTUSDT−0.0499%8h0.008523−0.088%$1.1M$2.0M50xas long as short
OKX GMT-USDT-SWAP−0.0465%4h0.008517−0.158%$398K$1.2M20xas long as short
KuCoin GMTUSDTM−0.0444%4h0.008530−0.006%$276K$180K50xas long as short
Variational Omni GMT−0.0265%8h0.008525−0.064%$3K$5Kas long as short
Aster GMTUSDTlong−0.0101%4h0.008530long leg$7K$22K10x
Bitget GMTUSDT−0.0030%4h0.008530−0.006%$680K$616K50xas long as short
BingX GMT-USDT+0.0050%4h0.008529−0.017%$1.3Mas long as short
Hyperliquid GMTshort+0.0100%1h0.008528−0.029%$113K$149K3x
Binance GMTUSDT+0.0100%4h0.008529−0.019%$2.9M$5.2M50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GMT_USDT+0.0100%8h0.008540+0.112%$151K$174K50xas long as short
MEXC GMT_USDT+0.0100%4h0.008530−0.006%$432K$209K20xas long as short