Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bybit against Lighter−0.034%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.034%, 7d avg −0.056%

Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: Bybit is 0.022% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7427	0.0096	pay 0.0012% / 1h	44m 09s	$916K	$879K	5x
Short	Bybit ASTERUSDT	0.7424	0.0100	get 0.0050% / 4h	3h 44m	$49.7M	$22.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0.84
Price spread: −0.034% → −0.056%: $2.23
Slippage, 4 orders: −$25.03
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.96
Costs to cover: 0.360%
Break-even: 281.6 days

Slippage from Lighter: live order book, 26 min ago; Bybit: 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, 26 min ago	5.44 bp	6.4 bp −$6	17.5 bp −$175	365.5 bp −$36.6K	doesn't fit
Sell Bybit live order book, 5 min ago	0.67 bp	10.6 bp −$11	41.0 bp −$410	179.0 bp −$17.9K	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
Backpack ASTER_USDC_PERP	−0.0085%	1h	0.7418	−0.117%	$214K	$404K	10x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0080%	1h	0.7416	−0.143%	$264K	$862K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7425	−0.022%	$56.4M	$100.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7432	+0.073%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7422	−0.066%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7428	+0.016%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.491%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7426	−0.004%	$341K	$486K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7428	+0.020%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7427	long leg	$916K	$879K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7426	−0.013%	$371K	$261K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7439	+0.162%	$255K	$103K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7425	−0.016%	$91.1M	$108.2M	75x	as long as short
Bybit ASTERUSDTshort	+0.0100%	4h	0.7424	−0.034%	$49.7M	$22.2M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7430	+0.047%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7428	+0.020%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7421	−0.074%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7427	+0.011%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7424	−0.034%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7422	−0.061%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7423	−0.042%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	−0.084%	$461K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7428	+0.020%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7434	+0.101%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7422	−0.061%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7435	+0.114%	$243K	$111K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7423	−0.048%	$372K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7431	+0.061%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7417	−0.121%	$214K	$1.9M	10x	as long as short
Hyperliquid ASTER	+0.0232%	1h	0.7430	+0.043%	$25.8M	$6.9M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7423	−0.049%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7423	−0.047%	$3.5M	$1.9M	75x	as long as short