Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.003%

Price spread now: Aster against Hyperliquid−0.127%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.127% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 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	Hyperliquid LAYER	0.07588	0.0100	pay 0.0013% / 1h	18m 20s	$584K	$170K	3x
Short	Aster LAYERUSDT	0.07579	0.0100	get 0.0050% / 4h	18m 20s	$9K	$2K	5x

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

Position, each leg$Hold fordaysFee HyperliquidbpFee AsterbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → 0.000%: −$12.73
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.73
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 11 min ago	0.92 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn'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.

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	−0.0468%	1h	0.07581	−0.100%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.142%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0044%	4h	0.07570	−0.241%	$87K	$12K	50x	as long as short
Hyperliquid LAYERlong	+0.0100%	1h	0.07588	long leg	$584K	$170K	3x
Aster LAYERUSDTshort	+0.0100%	4h	0.07579	−0.127%	$9K	$2K	5x
Binance LAYERUSDT	+0.0100%	4h	0.07578	−0.136%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07576	−0.162%	$697K	$669K	20x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07578	−0.136%	$136K	$55K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07578	−0.136%	$352K	$115K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07582	−0.083%	$1.1M	$162K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07582	−0.083%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07580	−0.109%	$25K	$192K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07577	−0.144%	$2K	$174K	5x	as long as short