Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.098%

Price spread now: Hyperliquid against Aster+0.045%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

The price spread pays, funding is against you. Hyperliquid is 0.045% dearer against Aster than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MOVEUSDT	0.009295	0.0428	pay 0.0214% / 4h	2h 54m	$12K	$10K	5x
Short	Hyperliquid MOVE	0.009299	0.0100	get 0.0013% / 1h	54m 56s	$228K	$210K	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 +0.045%Rate

Funding earned: −$68.8
Price spread: +0.045% → 0.000%: $4.45
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$81.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 54 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, 54 min ago	0.53 bp	doesn't fit	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.

MOVE 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 MOVE/USDC PERP	+0.0033%	1h	0.008930	−3.925%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0084%	4h	0.009292	−0.031%	$121K	$10K	75x	as long as short
Hyperliquid MOVEshort	+0.0100%	1h	0.009299	+0.045%	$228K	$210K	3x
Binance MOVEUSDT	+0.0100%	4h	0.009290	−0.048%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009291	−0.042%	$1.9M	$668K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009292	−0.031%	$976K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009290	−0.052%	$417K	$280K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009289	−0.063%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009290	−0.052%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009296	+0.012%	$826K	$429K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009287	−0.085%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009284	−0.122%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009288	−0.071%	$11K	$123K	5x	as long as short
Aster MOVEUSDTlong	+0.0428%	4h	0.009295	long leg	$12K	$10K	5x