ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.061%

Price spread now: Hyperliquid against Lighter+0.082%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.082%, 7d avg +0.055%

Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7428	0.0096	pay 0.0012% / 1h	2m 59s	$921K	$882K	5x
Short	Hyperliquid ASTER	0.7434	0.0149	get 0.0019% / 1h	2m 59s	$25.8M	$6.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.082%Rate

Funding earned: $11.19
Price spread: +0.082% → +0.055%: $2.76
Slippage, 4 orders: −$18.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$13.13
Costs to cover: 0.271%
Break-even: 15.2 days

Slippage from Lighter: live order book, 12 min ago; Hyperliquid: live order book, 10 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, 12 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.40 bp	7.4 bp −$7	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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7406	−0.293%	$260K	$839K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7423	−0.063%	$56.7M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7424	−0.048%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7423	−0.061%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.512%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0050%	1h	0.7422	−0.081%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7428	long leg	$921K	$882K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7425	−0.040%	$372K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7427	−0.013%	$255K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7427	−0.013%	$91.0M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7427	−0.013%	$49.7M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7427	−0.013%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7425	−0.040%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7428	0.000%	$34.8M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7426	−0.023%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7428	0.000%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7426	−0.027%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7427	−0.013%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7413	−0.195%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7419	−0.125%	$457K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7414	−0.188%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7422	−0.081%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7433	+0.067%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7425	−0.040%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7425	−0.040%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7424	−0.060%	$378K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0110%	4h	0.7418	−0.137%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7428	0.000%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0146%	1h	0.7432	+0.051%	$336K	$489K	20x	as long as short
Hyperliquid ASTERshort	+0.0149%	1h	0.7434	+0.082%	$25.8M	$6.8M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7424	−0.059%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7426	−0.027%	$3.5M	$1.9M	75x	as long as short