Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: Binance against Lighter−0.027%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.027%, 7d avg −0.043%

Together, before fees−0.035%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7463	0.0096	pay 0.0012% / 1h	35m 02s	$924K	$883K	5x
Short	Binance ASTERUSDT	0.7461	0.0100	get 0.0050% / 4h	35m 02s	$91.4M	$107.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: $0.84
Price spread: −0.027% → −0.043%: $1.6
Slippage, 4 orders: −$17.13
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.69
Costs to cover: 0.271%
Break-even: 212.8 days

Slippage from Lighter: live order book, 40 min ago; Binance: 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 Lighter live order book, 40 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell Binance live order book, 8 min ago	0.67 bp	7.6 bp −$8	13.9 bp −$139	60.3 bp −$6,033	273.3 bp −$136.6K

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	0.7458	−0.063%	$261K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7460	−0.040%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7465	+0.027%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7459	−0.060%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7461	−0.031%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7463	+0.004%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.978%	$9	$133K	5.5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7463	long leg	$924K	$883K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7462	−0.010%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7461	−0.024%	$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 ASTERUSDTshort	+0.0100%	4h	0.7461	−0.027%	$91.4M	$107.1M	75x
Bybit ASTERUSDT	+0.0100%	4h	0.7461	−0.027%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7461	−0.027%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7462	−0.013%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7459	−0.054%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7459	−0.052%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7462	−0.013%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7461	−0.027%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7456	−0.092%	$251K	$376K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7468	+0.069%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	+0.094%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7471	+0.107%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7461	−0.027%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7468	+0.067%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7458	−0.067%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7466	+0.040%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7462	−0.009%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	+0.055%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7465	+0.027%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7460	−0.046%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0333%	1h	0.7469	+0.079%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7465	+0.027%	$3.5M	$1.9M	75x	as long as short