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 +0.009%

Price spread now: Lighter against Bybit+0.075%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.075%, 7d avg +0.056%

Together, before fees+0.026%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7443	0.0100	pay 0.0050% / 4h	9m 53s	$49.8M	$22.1M	75x
Short	Lighter ASTER	0.7449	0.0096	get 0.0012% / 1h	9m 53s	$923K	$884K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$0.84
Price spread: +0.075% → +0.056%: $1.92
Slippage, 4 orders: −$22.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.04
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 65 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 Bybit live order book, 4 min ago	0.67 bp	10.9 bp −$11	43.8 bp −$438	doesn't fit	doesn't fit
Sell Lighter live order book, 65 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	0.7447	+0.047%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	−0.001%	$56.7M	$100.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7439	−0.054%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7444	+0.016%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7445	+0.023%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7449	+0.082%	$337K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.712%	$9	$133K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7449	+0.075%	$923K	$884K	5x
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7447	+0.054%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7442	−0.007%	$372K	$267K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7443	−0.003%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7443	+0.003%	$91.2M	$107.5M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7443	long leg	$49.8M	$22.1M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7446	+0.040%	$12.0M	$19.0M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7444	+0.013%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7441	−0.027%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7444	+0.013%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	0.000%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7445	+0.027%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7442	−0.017%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.142%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	−0.002%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7442	−0.013%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7455	+0.161%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7445	+0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7442	−0.013%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7444	+0.011%	$374K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7441	−0.022%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7449	+0.081%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	+0.002%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0332%	1h	0.7454	+0.150%	$25.9M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	−0.040%	$3.5M	$1.9M	75x	as long as short