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

HEMI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0677%/8h= +74.1% APRpaid last 24h +0.067%
Price spread now: Hyperliquid against Aster+0.215%7-day average · you sell dearer than you buy
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 7 days+0.090%+$9 on $10k
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
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.215% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HEMIUSDT0.0065220.0100pay 0.0050% / 4h51m 11s$75K$48K5x
ShortHyperliquid HEMI0.0065360.0777get 0.0097% / 1h51m 11s$1.0M$348K3x

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
$142.08
Price spread: +0.215% → 0.000%
$21.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$146.54
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 9 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, 9 min ago1.54 bp16.9 bp −$17doesn'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.

HEMI 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
Aster HEMIUSDTlong+0.0100%4h0.006522long leg$75K$48K5x
Bybit HEMIUSDT+0.0100%4h0.006524+0.031%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTM+0.0100%4h0.006534+0.184%$846K$1.7M20xas long as short
Variational Omni HEMI+0.0100%4h0.006520−0.025%$23K$3Kas long as short
SunX HEMI-USDT+0.0100%4h0.006671+2.285%$2K$1.2M20xas long as short
Extended HEMI-USD+0.0168%1h0.006523+0.017%$17K5xas long as short
Binance HEMIUSDT+0.0170%4h0.006528+0.095%$6.6M$10.8M20xas long as short
MEXC HEMI_USDT+0.0170%4h0.006527+0.077%$1.7M$283K50xas long as short
BingX HEMI-USDT+0.0176%4h0.006527+0.077%$1.4Mas long as short
BloFin HEMI-USDT+0.0178%4h0.006518−0.061%$358K$57K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEMI_USDT+0.0278%4h0.006524+0.031%$508K$277K20xas long as short
Hyperliquid HEMIshort+0.0777%1h0.006536+0.215%$1.0M$348K3x