Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Aster+0.044%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.044% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster IOUSDT	0.1500	0.0100	pay 0.0050% / 4h	2h 53m	$6K	$32K	5x
Short	Hyperliquid IO	0.1501	0.0100	get 0.0013% / 1h	53m 38s	$1.0M	$392K	3x

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

Position, each leg$Hold fordaysFee AsterbpFee HyperliquidbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$12.56
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	1.00 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn'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.

IO on 14 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
Injective IO/USDC PERP	−0.0157%	1h	0.1503	+0.178%	$2K	$101	5.5x	as long as short
Hyperliquid IOshort	+0.0100%	1h	0.1501	+0.044%	$1.0M	$392K	3x
Aster IOUSDTlong	+0.0100%	4h	0.1500	long leg	$6K	$32K	5x
Binance IOUSDT	+0.0100%	4h	0.1502	+0.095%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1499	−0.096%	$1.1M	$869K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1501	+0.038%	$229K	$542K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1500	−0.022%	$1.1M	$236K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1498	−0.156%	$379K	$652K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1501	+0.044%	$1.4M	$1.1M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1501	+0.044%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1502	+0.111%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1501	+0.049%	$5K	$171K	5x	as long as short
BloFin IO-USDT	+0.0154%	4h	0.1505	+0.311%	$193K	$30K	50x	as long as short
Kraken Futures PF_IOUSD	+0.5473%	1h	0.1502	+0.130%	$39K	$21K	10x	as long as short