Funding arb · Price arb /

NOT

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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+0.037%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 0.037% dearer against Hyperliquid than usual: you sell high and buy low, +$4 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 NOT	0.0005070	0.0100	pay 0.0013% / 1h	31m 17s	$371K	$50K	3x
Short	Aster NOTUSDT	0.0005072	0.0100	get 0.0050% / 4h	31m 17s	$14K	$9K	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 +0.037%Rate

Funding earned: $0
Price spread: +0.037% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 29 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, 29 min ago	9.83 bp	21.7 bp −$22	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.

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	−0.0091%	4h	0.0005061	−0.169%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.866%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005079	+0.170%	$11K	$5K	3x	as long as short
Hyperliquid NOTlong	+0.0100%	1h	0.0005070	long leg	$371K	$50K	3x
Aster NOTUSDTshort	+0.0100%	4h	0.0005072	+0.037%	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005068	−0.039%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005063	−0.138%	$2.1M	$824K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005072	+0.039%	$626K	$605K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005080	+0.197%	$141K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005068	−0.039%	$1.4M	$460K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005065	−0.099%	$463K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005073	+0.059%	$666K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005068	−0.039%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005067	−0.058%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0125%	4h	0.0005068	−0.039%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.4209%	1h	0.0005068	−0.033%	$49K	$10K	10x	as long as short