Funding arb · Price arb /

STRK

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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 −0.042%

Price spread now: Aster against Hyperliquid−0.109%7-day average −0.148% · 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−$111as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.348%−$35 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.109%, 7d avg −0.148%

Together, before fees−0.468%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$47 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: Aster is 0.039% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04402	0.0100	pay 0.0013% / 1h	30m 42s	$15.0M	$7.5M	5x
Short	Aster STRKUSDT	0.04397	0.0100	get 0.0050% / 4h	30m 42s	$34K	$350K	10x

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 −0.109%Rate

Funding earned: $0
Price spread: −0.109% → −0.148%: $3.88
Slippage, 4 orders: −$98.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$111.13
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; Aster: live order book, 46 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	1.13 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 46 min ago	11.40 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit

STRK on 24 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
Coinbase International STRK-PERP-INTX	−0.0584%	1h	0.04383	−0.432%	$62K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04400	−0.039%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.175%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0098%	4h	0.04396	−0.136%	$744K	$729K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04396	−0.145%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04402	long leg	$15.0M	$7.5M	5x
Aster STRKUSDTshort	+0.0100%	4h	0.04397	−0.109%	$34K	$350K	10x
Pacifica STRK	+0.0100%	1h	0.04400	−0.048%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04395	−0.159%	$12.6M	$49.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04393	−0.204%	$15.6M	$21.4M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04393	−0.204%	$4.9M	$23.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04397	−0.114%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04397	−0.114%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−0.091%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04394	−0.177%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04394	−0.182%	—	$26.4M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−0.205%	$355K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04398	−0.093%	$193K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04500	+2.226%	$2K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04393	−0.210%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0108%	1h	0.04396	−0.136%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0503%	1h	0.04398	−0.097%	$471K	$512K	20x	as long as short
Lighter STRK	+0.0720%	1h	0.04408	+0.136%	$272K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0887%	1h	0.04402	0.000%	$2K	$34K	25x	as long as short