Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Lighter0.000%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now 0.000%, 7d avg −0.051%

Together, before fees−0.044%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$4 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: GRVT is 0.052% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7349	0.0096	pay 0.0012% / 1h	9m 20s	$892K	$898K	5x
Short	GRVT ASTER_USDT_Perp	0.7349	0.0100	get 0.0050% / 4h	2h 09m	$454K	$3.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.051%: $5.18
Slippage, 4 orders: −$24.4
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$27.39
Costs to cover: 0.334%
Break-even: 235.2 days

Slippage from Lighter: live order book, 56 min ago; GRVT: 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, 56 min ago	4.48 bp	6.6 bp −$7	34.5 bp −$345	398.8 bp −$39.9K	doesn't fit
Sell GRVT live order book, 5 min ago	0.68 bp	9.1 bp −$9	21.7 bp −$217	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	0.7350	+0.014%	$267K	$849K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7346	−0.039%	$54.9M	$101.7M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7344	−0.061%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0010%	1h	0.7348	−0.010%	$34K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.559%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7345	−0.053%	$8K	$4K	10x	as long as short
dYdX ASTER-USD	+0.0093%	1h	0.7351	+0.022%	$14K	$1K	5x	as long as short
Orderly PERP_ASTER_USDC	+0.0094%	4h	0.7342	−0.094%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7349	long leg	$892K	$898K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7349	−0.005%	$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	0.7352	+0.041%	$25.5M	$6.4M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7349	−0.004%	$256K	$74K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7343	−0.080%	$90.0M	$110.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7344	−0.067%	$49.1M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7349	+0.001%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7348	−0.012%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7346	−0.039%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7348	−0.016%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7343	−0.080%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7346	−0.039%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7347	−0.020%	$219K	$481K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7350	+0.018%	$2.1M	$375K	—	as long as short
GRVT ASTER_USDT_Perpshort	+0.0100%	4h	0.7349	0.000%	$454K	$3.9M	10x
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	+0.029%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7345	−0.053%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7345	−0.053%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7346	−0.039%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7346	−0.044%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7350	+0.010%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7348	−0.008%	$339K	$490K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7346	−0.044%	$28K	—	100x	as long as short