Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.040%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.040%, 7d avg +0.065%

Together, before fees+0.084%+ Points / potential airdropLighter: Season 3 · farm board+$8 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 0.025% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7430	0.0100	pay 0.0050% / 4h	3h 46m	—	$9.7M	—
Short	Lighter ASTER	0.7433	0.0096	get 0.0012% / 1h	46m 55s	$917K	$879K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$0.84
Price spread: +0.040% → +0.065%: −$2.49
Slippage, 4 orders: −$19.97
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.31
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Lighter: live order book, 23 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 BingX live order book, 1 min ago	2.02 bp	7.0 bp −$7	9.6 bp −$96	25.8 bp −$2,580	164.5 bp −$82.2K
Sell Lighter live order book, 23 min ago	5.44 bp	7.2 bp −$7	31.3 bp −$313	407.4 bp −$40.7K	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
Backpack ASTER_USDC_PERP	−0.0113%	1h	0.7427	−0.042%	$215K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7416	−0.190%	$264K	$867K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7431	+0.020%	$56.5M	$101.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7426	−0.056%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7427	−0.043%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7429	−0.019%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.538%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7431	+0.014%	$341K	$507K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7436	+0.081%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7433	+0.040%	$917K	$879K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7424	−0.082%	$371K	$266K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7426	−0.052%	$254K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7430	0.000%	$91.1M	$108.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7430	0.000%	$49.7M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7431	+0.013%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7430	0.000%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7430	0.000%	$35.0M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7429	−0.013%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7430	0.000%	$18.2M	$6.5M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7430	long leg	—	$9.7M	—
Variational Omni ASTER	+0.0100%	4h	0.7424	−0.076%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	−0.132%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7427	−0.040%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7433	+0.040%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7427	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7419	−0.148%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7430	+0.006%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7427	−0.040%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7417	−0.168%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0248%	1h	0.7437	+0.094%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7426	−0.057%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	−0.094%	$3.5M	$1.9M	75x	as long as short