Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.005%

Price spread now: edgeX against Lighter−0.150%109s7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.268% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.150%, 7d avg −0.080%

Together, before fees+0.086%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.070% cheaper against Lighter than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.080%). If the spread goes back, that is −$7 on $10k: about 20 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.007% in total) that is about 2 months. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7361	0.0096	pay 0.0012% / 1h	7m 37s	$894K	$898K	5x
Short	edgeX ASTERUSDC	0.7350	0.0108	get 0.0054% / 4h	2h 07m	$212K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $2.5
Price spread: −0.150% → −0.080%: −$7
Slippage, 4 orders: −$17.85
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.35
Costs to cover: 0.268%
Break-even: 94.7 days

Slippage from Lighter: live order book, 58 min ago; edgeX: live order book, 1 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, 58 min ago	4.48 bp	6.6 bp −$7	34.5 bp −$345	398.8 bp −$39.9K	doesn't fit
Sell edgeX live order book, 1 min ago	2.04 bp	6.5 bp −$7	12.4 bp −$124	doesn't fit	doesn't fit

ASTER on 31 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	−0.0080%	1h	0.7342	−0.251%	$266K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7356	−0.064%	$55.0M	$101.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7358	−0.039%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7359	−0.017%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.398%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7358	−0.037%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0089%	1h	0.7359	−0.027%	$15K	$1K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7351	−0.132%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7361	long leg	$894K	$898K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7355	−0.077%	$367K	$255K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7365	+0.058%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7357	−0.050%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7357	−0.045%	$90.2M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7354	−0.091%	$49.2M	$22.5M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7357	−0.050%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7355	−0.077%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7355	−0.077%	$33.6M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7357	−0.054%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7355	−0.077%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7354	−0.091%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7360	−0.010%	$220K	$480K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	−0.142%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7349	−0.160%	$454K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	−0.132%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7354	−0.091%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7357	−0.050%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7344	−0.227%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7353	−0.107%	$367K	$639K	25x	as long as short
edgeX ASTERUSDCshort	+0.0108%	4h	0.7350	−0.150%	$212K	$2.0M	10x
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7361	−0.001%	$340K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7357	−0.046%	$28K	—	100x	as long as short