Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Lighter against GRVT−0.024%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.024%, 7d avg +0.051%

Together, before fees+0.067%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$7 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 0.075% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ASTER_USDT_Perp	0.7349	0.0100	pay 0.0050% / 4h	2h 09m	$454K	$3.9M	10x
Short	Lighter ASTER	0.7347	0.0096	get 0.0012% / 1h	9m 26s	$892K	$898K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.84
Price spread: −0.024% → +0.051%: −$7.49
Slippage, 4 orders: −$24.4
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.73
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Lighter: live order book, 56 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 GRVT live order book, 5 min ago	0.68 bp	10.5 bp −$11	23.0 bp −$230	10281.0 bp −$1.03M	91360.8 bp −$45.68M
Sell Lighter live order book, 56 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	0.7350	+0.013%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7346	−0.040%	$54.9M	$101.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7347	−0.030%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7348	−0.010%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.559%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7345	−0.053%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0093%	1h	0.7351	+0.022%	$14K	$1K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7347	−0.026%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7347	−0.024%	$892K	$898K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7349	−0.006%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7352	+0.040%	$25.5M	$6.4M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7349	−0.004%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7345	−0.053%	$90.1M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7345	−0.053%	$49.1M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7348	−0.013%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7347	−0.026%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7346	−0.040%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7348	−0.017%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7346	−0.040%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7346	−0.040%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7347	−0.021%	$219K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	+0.017%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perplong	+0.0100%	4h	0.7349	long leg	$454K	$3.9M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	+0.028%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	−0.013%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7346	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7347	−0.026%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7349	+0.006%	$367K	$640K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7350	+0.010%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7349	+0.006%	$339K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7346	−0.044%	$28K	—	100x	as long as short