Funding arb · Price arb /

MET

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Hyperliquid−0.045%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 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 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 MET	0.2861	0.0100	pay 0.0013% / 1h	28m 17s	$4.3M	$1.3M	3x
Short	Aster METUSDT	0.2859	0.0100	get 0.0050% / 4h	28m 17s	$54K	$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 −0.045%Rate

Funding earned: $0
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 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, 3 min ago	5.23 bp	13.3 bp −$13	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.

MET on 16 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
GMX MET/USD [WBTC.b-USDC]	L −0.1723% / S +0.0247%	1h	0.2858	−0.087%	$10K	—	50x	as long as short
Phoenix MET	−0.0112%	1h	0.2866	+0.182%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0075%	4h	0.2858	−0.094%	$298K	$83K	50x	as long as short
Hyperliquid METlong	+0.0100%	1h	0.2861	long leg	$4.3M	$1.3M	3x
Aster METUSDTshort	+0.0100%	4h	0.2859	−0.045%	$54K	$11K	5x
Binance METUSDT	+0.0100%	4h	0.2859	−0.059%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2858	−0.091%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2857	−0.129%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2860	−0.024%	$194K	$190K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2859	−0.059%	$1.0M	$278K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2859	−0.059%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2861	+0.010%	$688K	$869K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2864	+0.115%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2857	−0.129%	$1K	$1.6M	20x	as long as short
Lighter MET	+0.0256%	1h	0.2865	+0.143%	$263K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0644%	1h	0.2865	+0.147%	$333K	$258K	5x	as long as short