Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against KuCoin+0.048%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)+0.225%+$23 · spread now +0.048%, 7d avg +0.043%

Together, before fees+0.288%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7228	0.0100	pay 0.0050% / 4h	47m 20s	$10.6M	$3.2M	75x
Short	Lighter ASTER	0.7232	0.0096	get 0.0012% / 1h	47m 20s	$874K	$919K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.84
Price spread: +0.048% → +0.043%: $0.53
Slippage, 4 orders: −$71.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$83.5
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Lighter: live order book, 8 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 KuCoin live order book, 1 min ago	3.74 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	5.30 bp	8.5 bp −$9	34.2 bp −$342	431.4 bp −$43.1K	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	−0.0072%	1h	0.7235	+0.093%	$283K	$924K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0054%	1h	0.7241	+0.180%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7233	+0.061%	$53.7M	$106.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7228	−0.008%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7244	+0.216%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.237%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7223	−0.073%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7239	+0.148%	$13K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7232	+0.048%	$874K	$919K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7226	−0.032%	$356K	$265K	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	0.7230	+0.029%	$251K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7237	+0.125%	$89.2M	$114.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7238	+0.134%	$48.3M	$24.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7243	+0.203%	$12.1M	$19.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7242	+0.190%	$6.3M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7234	+0.079%	$32.8M	$18.4M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7228	long leg	$10.6M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7234	+0.079%	$17.7M	$7.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7239	+0.148%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7229	+0.015%	$211K	$490K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+1.057%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7302	+1.017%	$447K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7285	+0.784%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7247	+0.259%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7239	+0.148%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7233	+0.065%	$240K	$126K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7298	+0.958%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7232	+0.052%	$361K	$638K	25x	as long as short
Hyperliquid ASTER	+0.0128%	1h	0.7232	+0.053%	$25.0M	$6.7M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7245	+0.225%	$351K	$534K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7244	+0.215%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7286	+0.798%	$3.5M	$1.8M	75x	as long as short