ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Backpack against Lighter+0.008%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.008%, 7d avg −0.012%

Together, before fees−0.192%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7473	0.0096	pay 0.0012% / 1h	37m 42s	$925K	$883K	5x
Short	Backpack ASTER_USDC_PERP	0.7473	0.0100	get 0.0013% / 1h	37m 42s	$268K	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.84
Price spread: +0.008% → −0.012%: $2
Slippage, 4 orders: −$13.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20.24
Costs to cover: 0.231%
Break-even: 175.6 days

Slippage from Lighter: live order book, 38 min ago; Backpack: live order book, 41 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, 38 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell Backpack live order book, 41 min ago	0.07 bp	5.7 bp −$6	doesn't fit	doesn't fit	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	0.7470	−0.032%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7468	−0.069%	$56.9M	$100.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7474	+0.016%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7470	−0.033%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7471	−0.024%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7473	+0.003%	$338K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−1.109%	$9	$133K	5.5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7473	long leg	$925K	$883K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7475	+0.028%	$375K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.037%	$256K	$104K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7468	−0.062%	$91.5M	$107.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7468	−0.066%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7468	−0.066%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7472	−0.012%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7470	−0.039%	$35.2M	$16.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7470	−0.041%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7467	−0.079%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7467	−0.079%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7473	+0.008%	$268K	$329K	10x
Variational Omni ASTER	+0.0100%	4h	0.7485	+0.156%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7485	+0.163%	$464K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7480	+0.095%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7470	−0.039%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7480	+0.095%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7470	−0.039%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7473	+0.001%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7473	−0.002%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7470	−0.042%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0152%	1h	0.7472	−0.012%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7470	−0.033%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0337%	1h	0.7478	+0.074%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7470	−0.039%	$3.5M	$1.9M	75x	as long as short