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 −0.004%

Price spread now: KuCoin against Lighter−0.091%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.091%, 7d avg −0.042%

Together, before fees−0.116%+ Points / potential airdropLighter: Season 3 · farm board−$12 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: KuCoin is 0.049% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7379	0.0096	pay 0.0012% / 1h	49m 22s	$896K	$897K	5x
Short	KuCoin ASTERUSDTM	0.7373	0.0100	get 0.0050% / 4h	2h 49m	$11.0M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0.84
Price spread: −0.091% → −0.042%: −$4.86
Slippage, 4 orders: −$51.43
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$67.45
Costs to cover: 0.634%
Break-even: 569.1 days

Slippage from Lighter: live order book, 16 min ago; KuCoin: live order book, 4 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, 16 min ago	4.48 bp	6.6 bp −$7	34.5 bp −$345	398.8 bp −$39.9K	doesn't fit
Sell KuCoin live order book, 4 min ago	1.63 bp	29.8 bp −$30	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	−0.0080%	1h	0.7385	+0.077%	$271K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7381	+0.015%	$55.6M	$101.1M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7381	+0.016%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7370	−0.130%	$29K	—	150x	as long as short
ApeX Omni ASTERUSDT	+0.0026%	1h	0.7374	−0.075%	$66K	$715K	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.142%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7377	−0.034%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7361	−0.251%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7379	long leg	$896K	$897K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7374	−0.068%	$367K	$257K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7382	+0.028%	$253K	$71K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7367	−0.169%	$90.2M	$109.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7370	−0.129%	$49.4M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7369	−0.142%	$12.0M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7372	−0.102%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7370	−0.129%	$35.1M	$17.4M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7373	−0.091%	$11.0M	$3.2M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7375	−0.061%	$17.9M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7368	−0.156%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7387	+0.102%	$221K	$474K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7371	−0.110%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7360	−0.260%	$459K	$3.8M	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7381	+0.020%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7384	+0.061%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7383	+0.047%	$241K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7374	−0.068%	$369K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0106%	1h	0.7381	+0.026%	$25.6M	$6.6M	5x	as long as short
edgeX ASTERUSDC	+0.0115%	4h	0.7356	−0.313%	$212K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0227%	1h	0.7389	+0.122%	$340K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7366	−0.186%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7368	−0.156%	$3.5M	$1.9M	75x	as long as short
dYdX ASTER-USD	+0.0464%	1h	0.7377	−0.036%	$15K	$1K	5x	as long as short