Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Lighter against Aster+0.116%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.116%, 7d avg +0.030%

Together, before fees−0.074%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.086% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ASTERUSDT	0.7327	0	get 0.0000% / 4h	43m 25s	$51.9M	$115.8M	200x
Short	Lighter ASTER	0.7336	0.0096	get 0.0012% / 1h	43m 25s	$887K	$921K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.116%Rate

Funding earned: $20.16
Price spread: +0.116% → +0.030%: $8.56
Slippage, 4 orders: −$15.68
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.04
Costs to cover: 0.237%
Break-even: 5.3 days

Slippage from Aster: live order book, 6 min ago; Lighter: live order book, 57 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, 6 min ago	0.68 bp	5.5 bp −$5	11.2 bp −$112	108.0 bp −$10.8K	doesn't fit
Sell Lighter live order book, 57 min ago	2.11 bp	8.9 bp −$9	29.3 bp −$293	390.4 bp −$39.0K	doesn't fit

ASTER on 32 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
Aster ASTERUSDTlong	0.0000%	4h	0.7327	long leg	$51.9M	$115.8M	200x
dYdX ASTER-USD	0.0000%	1h	0.7331	+0.043%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7334	+0.086%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7334	+0.091%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7332	+0.063%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.854%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0085%	4h	0.7328	+0.008%	$13K	$1K	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7336	+0.116%	$887K	$921K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7335	+0.104%	$347K	$297K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7330	+0.040%	$258K	$114K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7329	+0.028%	$92.7M	$132.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7329	+0.022%	$49.5M	$26.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7331	+0.049%	$12.5M	$22.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7331	+0.049%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7330	+0.035%	$34.8M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7331	+0.049%	$11.2M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7330	+0.035%	$18.0M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7333	+0.076%	—	$10.1M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7340	+0.173%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.131%	$450K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7337	+0.131%	$99K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7344	+0.226%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7332	+0.063%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7334	+0.090%	$245K	$202K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7345	+0.234%	$214K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7333	+0.081%	$367K	$651K	25x	as long as short
Backpack ASTER_USDC_PERP	+0.0160%	1h	0.7333	+0.083%	$210K	$490K	10x	as long as short
01 Exchange ASTERUSD	+0.0160%	1h	0.7333	+0.076%	$6K	$7K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7332	+0.056%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0336%	1h	0.7340	+0.169%	$25.0M	$8.1M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7336	+0.117%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0763%	1h	0.7338	+0.139%	$338K	$672K	20x	as long as short