Funding arb · Price arb /

NOT

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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: Hyperliquid against Aster+0.111%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 0.111% dearer against Aster 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	Aster NOTUSDT	0.0005034	0.0100	pay 0.0050% / 4h	2h 50m	$14K	$13K	5x
Short	Hyperliquid NOT	0.0005040	0.0100	get 0.0013% / 1h	50m 31s	$368K	$51K	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 +0.111%Rate

Funding earned: $0
Price spread: +0.111% → 0.000%: $11.12
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 33 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, 33 min ago	9.89 bp	33.0 bp −$33	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.

NOT 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
Variational Omni NOT	+0.0023%	4h	0.0005034	−0.017%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.186%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0052%	4h	0.0005041	+0.131%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005046	+0.232%	$11K	$5K	3x	as long as short
Hyperliquid NOTshort	+0.0100%	1h	0.0005040	+0.111%	$368K	$51K	3x
Aster NOTUSDTlong	+0.0100%	4h	0.0005034	long leg	$14K	$13K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005037	+0.060%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005036	+0.032%	$2.1M	$816K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005040	+0.111%	$610K	$582K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005035	+0.012%	$140K	$76K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005036	+0.032%	$1.4M	$483K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005035	+0.012%	$488K	$116K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005039	+0.091%	$663K	$380K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005035	+0.012%	—	$7.3M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005035	+0.022%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7072%	1h	0.0005080	+0.901%	$49K	$9K	10x	as long as short