Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.063%

Price spread now: Lighter against BloFin+0.082%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

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

costs, in and out, $10k−$300.296% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.082%, 7d avg +0.043%

Together, before fees−0.486%+ Points / potential airdropLighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.043%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7465	0.0340	pay 0.0170% / 4h	29m 11s	$3.5M	$1.9M	75x
Short	Lighter ASTER	0.7471	0.0096	get 0.0012% / 1h	29m 11s	$925K	$884K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$51.24
Price spread: +0.082% → +0.043%: $3.83
Slippage, 4 orders: −$17.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$77.01
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Lighter: 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 BloFin live order book, 4 min ago	1.34 bp	7.9 bp −$8	12.0 bp −$120	36.9 bp −$3,694	doesn't fit
Sell Lighter live order book, 46 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	0.7466	+0.013%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7466	+0.013%	$56.9M	$100.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7464	−0.016%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7469	+0.052%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7465	+0.005%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7474	+0.114%	$338K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.005%	$9	$133K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7471	+0.082%	$925K	$884K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7464	−0.013%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7467	+0.022%	$256K	$104K	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	0.7465	0.000%	$91.4M	$107.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7467	+0.027%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7469	+0.054%	$12.1M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7467	+0.027%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7468	+0.040%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7467	+0.032%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7467	+0.027%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7468	+0.040%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7465	+0.001%	$231K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7466	+0.009%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7466	+0.012%	$460K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7469	+0.054%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7470	+0.067%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7475	+0.134%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7468	+0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7467	+0.027%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7470	+0.069%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0120%	4h	0.7466	+0.014%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7471	+0.080%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7465	−0.006%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7465	long leg	$3.5M	$1.9M	75x
Hyperliquid ASTER	+0.0351%	1h	0.7479	+0.182%	$26.0M	$6.9M	5x	as long as short