Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: Lighter against Binance+0.063%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.063%, 7d avg +0.043%

Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Lighter is 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ASTERUSDT	0.7435	0.0100	pay 0.0050% / 4h	59m 30s	$91.1M	$106.9M	75x
Short	Lighter ASTER	0.7440	0.0096	get 0.0012% / 1h	59m 30s	$922K	$882K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$0.84
Price spread: +0.063% → +0.043%: $2.06
Slippage, 4 orders: −$17.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.38
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 16 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 Binance live order book, 13 min ago	0.67 bp	6.7 bp −$7	13.8 bp −$138	72.4 bp −$7,240	doesn't fit
Sell Lighter live order book, 16 min ago	4.51 bp	5.0 bp −$5	25.1 bp −$251	429.7 bp −$43.0K	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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7433	−0.027%	$260K	$844K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7437	+0.027%	$56.8M	$100.0M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7437	+0.028%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7436	+0.017%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.605%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0047%	1h	0.7437	+0.026%	$13K	$61	5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7440	+0.063%	$922K	$882K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7434	−0.007%	$372K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7438	+0.046%	$255K	$107K	10x	as long as short
Binance ASTERUSDTlong	+0.0100%	4h	0.7435	long leg	$91.1M	$106.9M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7436	+0.013%	$49.8M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7435	0.000%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7435	0.000%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7431	−0.054%	$34.5M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7437	+0.030%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7433	−0.027%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7436	+0.013%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7437	+0.030%	$265K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7427	−0.101%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7429	−0.081%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7422	−0.175%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7438	+0.040%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7442	+0.094%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7436	+0.013%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7432	−0.040%	$243K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7424	−0.151%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7433	−0.026%	$378K	$635K	25x	as long as short
Kraken Futures PF_ASTERUSD	+0.0146%	1h	0.7439	+0.060%	$336K	$489K	20x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7438	+0.040%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0261%	1h	0.7443	+0.113%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7435	+0.002%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7436	+0.013%	$3.5M	$1.9M	75x	as long as short