Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.005%

Price spread now: Lighter against edgeX+0.322%109s7-day average +0.080% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.268% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.322%, 7d avg +0.080%

Together, before fees−0.258%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.242% dearer against edgeX than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of +0.080%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.007% in total) that is about 8 months. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ASTERUSDC	0.7340	0.0120	pay 0.0060% / 4h	2h 31m	$212K	$2.0M	10x
Short	Lighter ASTER	0.7363	0.0096	get 0.0012% / 1h	31m 45s	$894K	$898K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.322%Rate

Funding earned: −$5.01
Price spread: +0.322% → +0.080%: $24.17
Slippage, 4 orders: −$17.85
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.69
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Lighter: live order book, 33 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 edgeX live order book, 2 min ago	2.04 bp	6.5 bp −$7	11.6 bp −$116	doesn't fit	doesn't fit
Sell Lighter live order book, 33 min ago	4.48 bp	7.1 bp −$7	31.3 bp −$313	416.8 bp −$41.7K	doesn't fit

ASTER on 31 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	−0.0080%	1h	0.7330	−0.124%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7363	+0.323%	$55.2M	$101.4M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7368	+0.384%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7368	+0.389%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.687%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0056%	1h	0.7370	+0.414%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7368	+0.387%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7363	+0.322%	$894K	$898K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7371	+0.433%	$367K	$255K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7368	+0.384%	$252K	$71K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7360	+0.271%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7355	+0.210%	$49.2M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7364	+0.332%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7367	+0.373%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7363	+0.319%	$34.6M	$17.7M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7368	+0.386%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7365	+0.346%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7361	+0.292%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7366	+0.362%	$221K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7345	+0.079%	$2.1M	$378K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7343	+0.048%	$452K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7342	+0.033%	$65K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7366	+0.360%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7365	+0.346%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7367	+0.373%	$244K	$116K	20x	as long as short
Hyperliquid ASTER	+0.0103%	1h	0.7369	+0.403%	$25.5M	$6.6M	5x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7363	+0.313%	$367K	$640K	25x	as long as short
edgeX ASTERUSDClong	+0.0120%	4h	0.7340	long leg	$212K	$2.0M	10x
dYdX ASTER-USD	+0.0172%	1h	0.7368	+0.385%	$15K	$1K	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7369	+0.398%	$339K	$488K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7364	+0.337%	$28K	—	100x	as long as short