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 +0.001%

Price spread now: HTX against Lighter+0.007%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Lighter Short on HTX

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)−0.209%−$21 · spread now +0.007%, 7d avg −0.047%

Together, before fees−0.161%+ Points / potential airdropLighter: Season 3 · farm board−$16 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: HTX is 0.054% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7327	0.0096	pay 0.0012% / 1h	40m 53s	$889K	$901K	5x
Short	HTX ASTER-USDT	0.7327	0.0100	get 0.0050% / 4h	1h 40m	$243K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → −0.047%: $5.42
Slippage, 4 orders: −$106.84
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$112.58
Costs to cover: 1.188%
Break-even: 945.1 days

Slippage from Lighter: live order book, 19 min ago; HTX: live order book, 21 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, 19 min ago	4.34 bp	5.7 bp −$6	24.3 bp −$243	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	8.81 bp	20.1 bp −$20	doesn't fit	doesn't fit	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
Deribit ASTER_USDC-PERPETUAL	−0.0160%	1h	0.7323	−0.051%	$11K	$86K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7359	+0.446%	$272K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7326	−0.007%	$54.6M	$101.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7332	+0.070%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7325	−0.026%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7322	−0.061%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.867%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0090%	4h	0.7326	−0.007%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7327	long leg	$889K	$901K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7331	+0.059%	$367K	$255K	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	0.7331	+0.068%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7329	+0.036%	$255K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7326	−0.007%	$90.1M	$109.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7326	−0.007%	$48.9M	$22.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7329	+0.034%	$12.0M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7327	+0.007%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7326	−0.007%	$33.5M	$17.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7329	+0.027%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7328	+0.020%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7327	+0.007%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7325	−0.016%	$214K	$482K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7319	−0.101%	$2.0M	$371K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7345	+0.257%	$457K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7357	+0.416%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7345	+0.253%	$2K	$1.6M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7321	−0.075%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7327	+0.007%	$243K	$117K	20x
Extended ASTER-USD	+0.0104%	1h	0.7328	+0.019%	$367K	$639K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7349	+0.305%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0245%	1h	0.7326	−0.002%	$337K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7323	−0.044%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7322	−0.061%	$3.5M	$1.9M	75x	as long as short