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 −0.001%

Price spread now: Lighter against HTX−0.036%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$870.865% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.036%, 7d avg +0.046%

Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 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 0.082% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ASTER-USDT	0.7440	0.0100	pay 0.0050% / 4h	10m 50s	$243K	$119K	20x
Short	Lighter ASTER	0.7437	0.0096	get 0.0012% / 1h	10m 50s	$921K	$884K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$0.84
Price spread: −0.036% → +0.046%: −$8.22
Slippage, 4 orders: −$74.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$95.58
Costs to cover: 0.865%
Break-even: never at this rate

Slippage from HTX: live order book, 66 min ago; Lighter: live order book, 64 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 HTX live order book, 66 min ago	6.74 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 64 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	+0.087%	$260K	$855K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7439	−0.015%	$56.6M	$100.4M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7439	−0.014%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7435	−0.067%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7435	−0.070%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7437	−0.042%	$336K	$486K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.672%	$9	$133K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7437	−0.036%	$921K	$884K	5x
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7439	−0.013%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7443	+0.047%	$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	0.7440	+0.005%	$255K	$104K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7438	−0.027%	$91.1M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7437	−0.040%	$49.7M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7440	0.000%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7437	−0.040%	$6.3M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7438	−0.027%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7436	−0.050%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	+0.040%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7438	−0.027%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7433	−0.095%	$218K	$400K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7432	−0.102%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7443	+0.038%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7442	+0.027%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7443	+0.040%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7433	−0.094%	$13K	$8K	5x	as long as short
HTX ASTER-USDTlong	+0.0100%	4h	0.7440	long leg	$243K	$119K	20x
Extended ASTER-USD	+0.0104%	1h	0.7441	+0.014%	$374K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7441	+0.018%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7438	−0.027%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7434	−0.082%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0332%	1h	0.7447	+0.091%	$25.9M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	0.000%	$3.5M	$1.9M	75x	as long as short