Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Aster against Hyperliquid−0.034%7-day average — · you buy dearer than you sell

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 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 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 STABLE	0.02517	0.0100	pay 0.0013% / 1h	43m 25s	$887K	$221K	3x
Short	Aster STABLEUSDT	0.02516	0.0100	get 0.0050% / 4h	3h 43m	$19K	$7K	20x

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 −0.034%Rate

Funding earned: $0
Price spread: −0.034% → 0.000%: −$3.37
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.37
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 17 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, 17 min ago	2.58 bp	24.9 bp −$25	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.

STABLE 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
Lighter STABLE	+0.0096%	1h	0.02528	+0.461%	$116K	$8K	3x	as long as short
Hyperliquid STABLElong	+0.0100%	1h	0.02517	long leg	$887K	$221K	3x
Aster STABLEUSDTshort	+0.0100%	4h	0.02516	−0.034%	$19K	$7K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02516	−0.016%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02520	+0.123%	$1.5M	$789K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02518	+0.052%	$206K	$446K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02518	+0.052%	$175K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02517	+0.012%	$625K	$168K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02521	+0.171%	$181K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02515	−0.068%	$294K	$118K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02516	−0.028%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02515	−0.063%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02514	−0.095%	$2K	$765K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02516	−0.023%	$12K	$177K	10x	as long as short
BloFin STABLE-USDT	+0.0145%	4h	0.02518	+0.052%	$115K	$8K	75x	as long as short