Funding you earn now, next payment 22:00 UTC−0.0745%/8h= −81.6% APRpaid last 24h −0.173%
Price spread now: Aster against Hyperliquid−0.209%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$840.838% of the position
Funding, last 5 days (all we have)−0.449%−$45 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.209%, 7d avg −0.099%
=Together, before fees−0.437%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aster is 0.110% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RENDER | 1.8661 | 0.0845 | pay 0.0106% / 1h | 19m 39s | $4.3M | $3.7M | 5x |
| Short | Aster RENDERUSDT | 1.8622 | 0.0100 | get 0.0050% / 4h | 2h 19m | $266K | $195K | 20x |
Hyperliquid RENDER
Aster RENDERUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$156.52
- Price spread: −0.209% → −0.099%
- −$11.02
- Slippage, 4 orders
- −$66.81
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$251.34
- Costs to cover
- 0.838%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Aster: live order book, 2 min ago.
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, 2 min ago | 2.94 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 10.65 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 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 RENDER/USDC PERP | −0.0440% | 1h | 1.8670 | +0.048% | $6K | $141K | 12x | as long as short |
| Variational Omni RENDER | −0.0309% | 4h | 1.8704 | +0.230% | $240K | $273K | — | as long as short |
| Bybit RENDERUSDT | −0.0073% | 4h | 1.8580 | −0.434% | $12.2M | $14.6M | 50x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8619 | −0.225% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8619 | −0.225% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDTshort | +0.0100% | 4h | 1.8622 | −0.209% | $266K | $195K | 20x | |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8601 | −0.321% | $12.5M | $49.1M | 75x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8610 | −0.273% | $3.2M | $8.7M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8605 | −0.300% | $544K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8610 | −0.273% | $12.1M | $10.3M | 200x | as long as short |
Injective RENDER/USDC PERP
Variational Omni RENDER
Bybit RENDERUSDT
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Binance RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8610 | −0.273% | $5.1M | $13.0M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8610 | −0.273% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8600 | −0.327% | — | $4.3M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8682 | +0.113% | $44K | $267K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8620 | −0.220% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8613 | −0.256% | $31K | $178K | 10x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8801 | +0.750% | $41K | $336K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8700 | +0.209% | $602K | $1.4M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0362% / S −0.0904% | 1h | 1.8616 | −0.241% | $15K | — | 100x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0520% | 1h | 1.8750 | +0.477% | $155K | $68K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0745% | 1h | 1.8653 | −0.041% | $488K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERlong | +0.0845% | 1h | 1.8661 | long leg | $4.3M | $3.7M | 5x |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD