ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.056%

Price spread now: Lighter against Hyperliquid−0.064%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.064%, 7d avg −0.054%

Together, before fees−0.075%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7388	0.0217	pay 0.0027% / 1h	57m 35s	$25.7M	$6.8M	5x
Short	Lighter ASTER	0.7383	0.0096	get 0.0012% / 1h	57m 35s	$909K	$849K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$25.47
Price spread: −0.064% → −0.054%: −$0.92
Slippage, 4 orders: −$19.12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.5
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago	1.15 bp	7.4 bp −$7	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0305%	1h	0.7383	−0.066%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7390	+0.024%	$251K	$827K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7379	−0.119%	$56.5M	$99.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7385	−0.034%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7384	−0.046%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.300%	$9	$96K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7383	−0.064%	$909K	$849K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7391	+0.043%	$370K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7382	−0.083%	$253K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7380	−0.112%	$90.4M	$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	0.7379	−0.119%	$49.4M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7381	−0.092%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7377	−0.146%	$6.2M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7380	−0.106%	$33.8M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7379	−0.118%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7381	−0.092%	$18.1M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7380	−0.106%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7379	−0.115%	$264K	$322K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7388	+0.006%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7390	+0.030%	$464K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7391	+0.043%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7387	−0.011%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7393	+0.070%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7382	−0.079%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7391	+0.043%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7380	−0.107%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7383	−0.065%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7389	+0.015%	$213K	$1.9M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7386	−0.024%	$284K	$419K	20x	as long as short
Hyperliquid ASTERlong	+0.0217%	1h	0.7388	long leg	$25.7M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7384	−0.054%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7389	+0.016%	$3.5M	$1.8M	75x	as long as short