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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against Aster+0.085%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 0.085% dearer against Aster than usual: you sell high and buy low, +$8 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 LAYERUSDT	0.07613	0.0100	pay 0.0050% / 4h	3h 30m	$9K	$2K	5x
Short	Hyperliquid LAYER	0.07620	0.0100	get 0.0013% / 1h	30m 00s	$586K	$169K	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 +0.085%Rate

Funding earned: $0
Price spread: +0.085% → 0.000%: $8.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$8.51
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 15 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, 15 min ago	0.92 bp	31.3 bp −$31	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.

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0495%	1h	0.07617	+0.048%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.455%	—	$18K	5.5x	as long as short
Hyperliquid LAYERshort	+0.0100%	1h	0.07620	+0.085%	$586K	$169K	3x
Aster LAYERUSDTlong	+0.0100%	4h	0.07613	long leg	$9K	$2K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07614	+0.008%	$2.1M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07612	−0.015%	$701K	$666K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07616	+0.038%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07609	−0.054%	$352K	$114K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07611	−0.028%	$1.1M	$163K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07620	+0.090%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07600	−0.173%	$25K	$190K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07611	−0.030%	$2K	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0135%	4h	0.07613	−0.002%	$114K	$12K	50x	as long as short