ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.081%

Price spread now: Lighter against Kraken Futures0.000%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.641%+$64 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now 0.000%, 7d avg +0.035%

Together, before fees+0.680%+ Points / potential airdropLighter: Season 3 · farm board+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.035% cheaper against Kraken Futures than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.035%). If the spread goes back, that is −$4 on $10k: about 5.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.641% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7449	0.0076	pay 0.0009% / 1h	39m 58s	$342K	$486K	20x
Short	Lighter ASTER	0.7449	0.0096	get 0.0012% / 1h	39m 58s	$919K	$879K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $4.3
Price spread: 0.000% → +0.035%: −$3.52
Slippage, 4 orders: −$37.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.55
Costs to cover: 0.473%
Break-even: 82.8 days

Slippage from Kraken Futures: live order book, 33 min ago; Lighter: live order book, 30 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 Kraken Futures live order book, 33 min ago	5.37 bp	16.8 bp −$17	33.8 bp −$338	doesn't fit	doesn't fit
Sell Lighter live order book, 30 min ago	5.44 bp	7.2 bp −$7	31.3 bp −$313	407.4 bp −$40.7K	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	−0.0080%	1h	0.7433	−0.222%	$264K	$864K	50x	as long as short
Backpack ASTER_USDC_PERP	−0.0055%	1h	0.7443	−0.088%	$213K	$406K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7445	−0.059%	$56.6M	$100.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7442	−0.101%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7445	−0.061%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7445	−0.065%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.798%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0076%	1h	0.7449	long leg	$342K	$486K	20x
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7448	−0.019%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7449	0.000%	$919K	$879K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7446	−0.049%	$372K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7443	−0.083%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7446	−0.046%	$91.3M	$108.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7446	−0.046%	$49.8M	$22.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7447	−0.033%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7447	−0.033%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7446	−0.046%	$35.3M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7445	−0.057%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7446	−0.046%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7447	−0.033%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7435	−0.189%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7439	−0.141%	$459K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7432	−0.234%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7454	+0.061%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7446	−0.046%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7439	−0.140%	$243K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7444	−0.070%	$372K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7434	−0.202%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7448	−0.019%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0249%	1h	0.7455	+0.072%	$25.9M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7444	−0.069%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7440	−0.126%	$3.5M	$1.9M	75x	as long as short