Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Hyperliquid against Aster+0.137%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$5425.418% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.137%, 7d avg +0.040%

Together, before fees−0.028%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.096% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SKRUSDT	0.02108	0.0100	pay 0.0050% / 4h	42m 26s	$26K	$118K	5x
Short	Hyperliquid SKR	0.02111	0.0100	get 0.0013% / 1h	42m 26s	$1.3M	$1.4M	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 +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.040%: $9.61
Slippage, 4 orders: −$524.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$532.18
Costs to cover: 5.418%
Break-even: never at this rate

Slippage from Aster: live order book, 55 min ago; Hyperliquid: live order book, 8 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 Aster live order book, 55 min ago	6.69 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	0.24 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02112	+0.184%	$239K	$166K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0086%	1h	0.02112	+0.170%	$53K	$213K	5x	as long as short
Lighter SKR	+0.0096%	1h	0.02109	+0.037%	$8K	$26K	3x	as long as short
Hyperliquid SKRshort	+0.0100%	1h	0.02111	+0.137%	$1.3M	$1.4M	3x
Aster SKRUSDTlong	+0.0100%	4h	0.02108	long leg	$26K	$118K	5x
Binance SKRUSDT	+0.0100%	4h	0.02111	+0.113%	$3.7M	$27.5M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02111	+0.118%	$4.7M	$10.6M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02112	+0.174%	$999K	$1.7M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02111	+0.132%	$5.0M	$832K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02109	+0.056%	$771K	$1.5M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02112	+0.160%	$1.6M	$3.5M	20x	as long as short
BingX SKR-USDT	+0.0100%	4h	0.02111	+0.151%	—	$2.8M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02108	−0.006%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02106	−0.101%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.1148%	1h	0.02123	+0.710%	$4K	$10K	3x	as long as short