Funding arb · Price arb /

ME

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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: Aster against Hyperliquid+0.106%7-day average — · you sell dearer than you buy

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 0.106% dearer against Hyperliquid than usual: you sell high and buy low, +$11 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 ME	0.07376	0.0100	pay 0.0013% / 1h	47m 19s	$232K	$99K	3x
Short	Aster MEUSDT	0.07384	0.0100	get 0.0050% / 4h	2h 47m	$17K	$11K	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 +0.106%Rate

Funding earned: $0
Price spread: +0.106% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 36 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, 36 min ago	2.03 bp	doesn't fit	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.

ME 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
Bybit MEUSDT	−0.0108%	4h	0.07381	+0.068%	$1.5M	$625K	25x	as long as short
Hyperliquid MElong	+0.0100%	1h	0.07376	long leg	$232K	$99K	3x
Aster MEUSDTshort	+0.0100%	4h	0.07384	+0.106%	$17K	$11K	5x
Binance MEUSDT	+0.0100%	4h	0.07377	+0.010%	$2.1M	$3.8M	50x	as long as short
OKX ME-USDT-SWAP	+0.0100%	4h	0.07378	+0.027%	$470K	$981K	20x	as long as short
Gate ME_USDT	+0.0100%	8h	0.07370	−0.081%	$203K	$65K	50x	as long as short
MEXC ME_USDT	+0.0100%	4h	0.07377	+0.014%	$490K	$125K	20x	as long as short
KuCoin MEUSDTM	+0.0100%	4h	0.07380	+0.054%	$206K	$26K	30x	as long as short
Bitget MEUSDT	+0.0100%	4h	0.07385	+0.122%	$639K	$416K	25x	as long as short
BingX ME-USDT	+0.0100%	4h	0.07381	+0.068%	—	$1.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ME	+0.0100%	4h	0.07366	−0.142%	$11K	$1K	—	as long as short
BloFin ME-USDT	+0.0141%	4h	0.07369	−0.095%	$109K	$8K	50x	as long as short
Reya MERUSDPERP	+0.0228%	1h	0.07377	+0.010%	$26K	—	15x	as long as short