Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.028%

Price spread now: Lighter against Gate+0.007%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.255%+$26 · spread now +0.007%, 7d avg +0.042%

Together, before fees+0.299%+ Points / potential airdropLighter: Season 3 · farm board+$30 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 0.035% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ASTER_USDT	0.7390	0.0100	pay 0.0050% / 4h	1h 56m	$6.3M	$5.0M	75x
Short	Lighter ASTER	0.7390	0.0096	get 0.0012% / 1h	56m 52s	$909K	$849K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.84
Price spread: +0.007% → +0.042%: −$3.48
Slippage, 4 orders: −$30.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.94
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 1 min ago	2.03 bp	17.0 bp −$17	43.0 bp −$430	doesn't fit	doesn't fit
Sell Lighter live order book, 23 min ago	4.10 bp	5.6 bp −$6	30.0 bp −$300	423.0 bp −$42.3K	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	0.7390	−0.005%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7388	−0.031%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7395	+0.068%	$56.6M	$99.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7385	−0.064%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7385	−0.069%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.271%	$9	$96K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7390	+0.007%	$909K	$849K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7378	−0.162%	$369K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7382	−0.113%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7394	+0.050%	$90.5M	$107.0M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7393	+0.041%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7396	+0.081%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDTlong	+0.0100%	4h	0.7390	long leg	$6.3M	$5.0M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7391	+0.014%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7390	+0.003%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7397	+0.095%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7397	+0.095%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7392	+0.022%	$264K	$322K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7388	−0.024%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7390	0.000%	$464K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7391	+0.014%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7396	+0.081%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7388	−0.027%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7387	−0.041%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7381	−0.122%	$241K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7387	−0.037%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7394	+0.053%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7383	−0.095%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7392	+0.023%	$284K	$419K	20x	as long as short
Hyperliquid ASTER	+0.0255%	1h	0.7401	+0.153%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7385	−0.066%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7389	−0.014%	$3.5M	$1.8M	75x	as long as short