ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.081%

Price spread now: Kraken Futures against Lighter+0.002%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.641%−$64 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.002%, 7d avg −0.035%

Together, before fees−0.682%+ Points / potential airdropLighter: Season 3 · farm board−$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.037% dearer against Lighter than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.035%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.641% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7460	0.0096	pay 0.0012% / 1h	13m 02s	$920K	$881K	5x
Short	Kraken Futures PF_ASTERUSD	0.7461	0.0075	get 0.0009% / 1h	13m 02s	$342K	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$4.32
Price spread: +0.002% → −0.035%: $3.67
Slippage, 4 orders: −$37.32
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.98
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Lighter: live order book, 57 min ago; Kraken Futures: live order book, 60 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, 57 min ago	5.44 bp	6.4 bp −$6	17.5 bp −$175	365.5 bp −$36.6K	doesn't fit
Sell Kraken Futures live order book, 60 min ago	5.37 bp	16.9 bp −$17	30.6 bp −$306	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	−0.0080%	1h	0.7456	−0.059%	$265K	$853K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7460	−0.009%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7459	−0.024%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7460	−0.011%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7460	0.000%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.945%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDshort	+0.0075%	1h	0.7461	+0.002%	$342K	$496K	20x
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7459	−0.020%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7460	long leg	$920K	$881K	5x
01 Exchange ASTERUSD	+0.0096%	1h	0.7457	−0.047%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7460	0.000%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7460	−0.009%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7456	−0.054%	$91.7M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7455	−0.074%	$49.7M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7458	−0.034%	$12.1M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7460	−0.007%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7456	−0.060%	$35.4M	$17.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7458	−0.029%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7458	−0.034%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7456	−0.060%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7458	−0.036%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7445	−0.203%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	−0.032%	$461K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7460	−0.007%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7467	+0.087%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7459	−0.020%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7454	−0.087%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7453	−0.096%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7455	−0.074%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0216%	1h	0.7464	+0.052%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7458	−0.032%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7460	−0.007%	$3.5M	$1.8M	75x	as long as short