Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Aster against Hyperliquid−0.091%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 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 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 TRB	19.269	0.0100	pay 0.0013% / 1h	2m 36s	$481K	$260K	3x
Short	Aster TRBUSDT	19.251	0.0100	get 0.0050% / 4h	2m 36s	$10K	$20K	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 −0.091%Rate

Funding earned: $0
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 27 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, 27 min ago	2.33 bp	19.9 bp −$20	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.

TRB on 13 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 TRB-USDT	+0.0041%	4h	19.244	−0.130%	$366K	$171K	50x	as long as short
Hyperliquid TRBlong	+0.0100%	1h	19.269	long leg	$481K	$260K	3x
Aster TRBUSDTshort	+0.0100%	4h	19.251	−0.091%	$10K	$20K	5x
Binance TRBUSDT	+0.0100%	4h	19.272	+0.017%	$5.2M	$11.0M	50x	as long as short
Bybit TRBUSDT	+0.0100%	4h	19.292	+0.119%	$6.3M	$2.1M	50x	as long as short
OKX TRB-USDT-SWAP	+0.0100%	4h	19.280	+0.057%	$4.4M	$5.2M	20x	as long as short
MEXC TRB_USDT	+0.0100%	4h	19.270	+0.005%	$15.5M	$1.1M	125x	as long as short
KuCoin TRBUSDTM	+0.0100%	4h	19.276	+0.036%	$1.2M	$316K	50x	as long as short
Bitget TRBUSDT	+0.0100%	4h	19.264	−0.026%	$1.3M	$1.5M	50x	as long as short
BingX TRB-USDT	+0.0100%	4h	19.273	+0.021%	—	$16.2M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRB	+0.0100%	4h	19.250	−0.101%	$15K	$4K	—	as long as short
Gate TRB_USDT	+0.0224%	4h	19.270	+0.005%	$573K	$2.0M	50x	as long as short
Kraken Futures PF_TRBUSD	+0.1097%	1h	19.326	+0.296%	$103K	$99K	10x	as long as short