Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: Aster against Lighter+0.241%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.241%, 7d avg −0.029%

Together, before fees−0.298%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.270% dearer against Lighter than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of −0.029%): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.023% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7291	0.0096	pay 0.0012% / 1h	9m 08s	$882K	$919K	5x
Short	Aster ASTERUSDT	0.7308	0	get 0.0000% / 4h	3h 09m	$52.7M	$112.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.241%Rate

Funding earned: −$20.16
Price spread: +0.241% → −0.029%: $27.01
Slippage, 4 orders: −$20.55
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.7
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Lighter: live order book, 41 min ago; Aster: live order book, 5 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 Lighter live order book, 41 min ago	4.87 bp	9.1 bp −$9	43.8 bp −$438	425.3 bp −$42.5K	doesn't fit
Sell Aster live order book, 5 min ago	1.37 bp	6.4 bp −$6	10.1 bp −$101	50.3 bp −$5,029	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	−0.0079%	1h	0.7288	−0.038%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0064%	1h	0.7293	+0.036%	$255K	$1.1M	50x	as long as short
Aster ASTERUSDTshort	0.0000%	4h	0.7308	+0.241%	$52.7M	$112.2M	200x
dYdX ASTER-USD	0.0000%	1h	0.7285	−0.081%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7290	−0.002%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7288	−0.036%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.363%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0062%	4h	0.7291	+0.005%	$13K	$1K	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7291	long leg	$882K	$919K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7301	+0.150%	$364K	$273K	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	0.7288	−0.043%	$254K	$82K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7308	+0.241%	$90.5M	$122.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7318	+0.376%	$49.2M	$25.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7317	+0.362%	$12.5M	$20.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7294	+0.047%	$6.4M	$5.7M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7305	+0.198%	$34.0M	$20.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7291	0.000%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7312	+0.294%	$17.8M	$7.9M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7304	+0.184%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7308	+0.235%	$211K	$498K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7274	−0.226%	$2.1M	$416K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7278	−0.173%	$450K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7281	−0.132%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7300	+0.129%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7287	−0.049%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7298	+0.102%	$243K	$143K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7277	−0.185%	$211K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7293	+0.032%	$365K	$635K	25x	as long as short
Hyperliquid ASTER	+0.0109%	1h	0.7315	+0.333%	$25.0M	$8.0M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0206%	1h	0.7291	+0.004%	$338K	$609K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7292	+0.015%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7282	−0.118%	$3.5M	$2.1M	75x	as long as short