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 0.000%

Price spread now: BingX against Lighter−0.029%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now −0.029%, 7d avg −0.065%

Together, before fees−0.103%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.036% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7464	0.0096	pay 0.0012% / 1h	34m 15s	$924K	$883K	5x
Short	BingX ASTER-USDT	0.7462	0.0100	get 0.0050% / 4h	34m 15s	—	$9.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0.84
Price spread: −0.029% → −0.065%: $3.58
Slippage, 4 orders: −$16.65
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.23
Costs to cover: 0.267%
Break-even: 192.3 days

Slippage from Lighter: live order book, 41 min ago; BingX: live order book, 4 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	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell BingX live order book, 4 min ago	2.01 bp	7.7 bp −$8	10.3 bp −$103	33.4 bp −$3,340	155.3 bp −$77.7K

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	−0.079%	$261K	$856K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7461	−0.044%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7465	+0.011%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7462	−0.032%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7462	−0.030%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7464	+0.002%	$337K	$484K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.994%	$9	$133K	5.5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7464	long leg	$924K	$883K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7463	−0.016%	$374K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7464	−0.003%	$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	0.7461	−0.046%	$91.4M	$107.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7464	−0.003%	$49.9M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7460	−0.056%	$12.0M	$18.9M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7462	−0.029%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7461	−0.043%	$35.2M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7463	−0.016%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7462	−0.029%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDTshort	+0.0100%	4h	0.7462	−0.029%	—	$9.7M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7458	−0.084%	$242K	$382K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7468	+0.053%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7470	+0.077%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7471	+0.091%	$67K	$713K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7467	+0.038%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7469	+0.064%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7461	−0.043%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7467	+0.038%	$244K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7462	−0.032%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7467	+0.039%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7466	+0.024%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7461	−0.037%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0336%	1h	0.7471	+0.090%	$26.0M	$6.9M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7465	+0.011%	$3.5M	$1.9M	75x	as long as short