Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.023%

Price spread now: Gate against Lighter+0.019%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.019%, 7d avg −0.041%

Together, before fees−0.520%+ Points / potential airdropLighter: Season 3 · farm board−$52 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: Gate is 0.060% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7352	0.0096	pay 0.0012% / 1h	22m 31s	$896K	$907K	5x
Short	Gate ASTER_USDT	0.7353	0.0100	get 0.0050% / 4h	1h 22m	$6.4M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → −0.041%: $5.96
Slippage, 4 orders: −$36.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.94
Costs to cover: 0.517%
Break-even: 381.5 days

Slippage from Lighter: live order book, 38 min ago; Gate: 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, 38 min ago	4.34 bp	5.7 bp −$6	24.3 bp −$243	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.04 bp	19.1 bp −$19	34.9 bp −$349	135.3 bp −$13.5K	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	−0.0088%	1h	0.7347	−0.061%	$270K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7352	+0.012%	$54.7M	$101.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7345	−0.096%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7359	+0.101%	$8K	$4K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7345	−0.094%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7354	+0.038%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.522%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0084%	4h	0.7347	−0.063%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7352	long leg	$896K	$907K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7349	−0.029%	$368K	$250K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7364	+0.169%	$25.5M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7353	+0.022%	$256K	$72K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7355	+0.045%	$90.4M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7354	+0.033%	$49.0M	$22.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7358	+0.087%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7353	+0.019%	$6.4M	$5.3M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7351	−0.008%	$33.7M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7351	−0.001%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7353	+0.019%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7356	+0.060%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7344	−0.098%	$218K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7330	−0.294%	$2.1M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7326	−0.348%	$457K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7336	−0.212%	$65K	$717K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7356	+0.060%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7344	−0.103%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7347	−0.063%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7352	+0.012%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7332	−0.260%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7347	−0.060%	$338K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7343	−0.114%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7342	−0.131%	$3.5M	$1.9M	75x	as long as short