Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: MEXC against Lighter−0.065%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.065%, 7d avg −0.048%

Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7417	0.0096	pay 0.0012% / 1h	11m 14s	$917K	$878K	5x
Short	MEXC ASTER_USDT	0.7412	0.0100	get 0.0050% / 4h	1h 11m	$34.7M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0.84
Price spread: −0.065% → −0.048%: −$1.7
Slippage, 4 orders: −$14.45
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.31
Costs to cover: 0.144%
Break-even: 134.6 days

Slippage from Lighter: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell MEXC live order book, 3 min ago	0.68 bp	1.9 bp −$2	3.6 bp −$36	16.4 bp −$1,643	106.1 bp −$53.0K

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	0.7393	−0.318%	$260K	$837K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7413	−0.058%	$56.6M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7413	−0.050%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7414	−0.043%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.361%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0059%	1h	0.7412	−0.070%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7417	long leg	$917K	$878K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7415	−0.024%	$372K	$270K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7417	+0.005%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7413	−0.051%	$90.8M	$106.8M	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	0.7411	−0.078%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7415	−0.024%	$12.0M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7414	−0.038%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDTshort	+0.0100%	4h	0.7412	−0.065%	$34.7M	$16.4M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7415	−0.031%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7412	−0.065%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7413	−0.051%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7413	−0.049%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7412	−0.070%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7410	−0.092%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7412	−0.065%	$66K	$718K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7415	−0.024%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7419	+0.030%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7413	−0.051%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7411	−0.078%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7412	−0.058%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0111%	4h	0.7409	−0.106%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7417	+0.003%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0144%	1h	0.7421	+0.056%	$25.7M	$6.8M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7417	+0.005%	$335K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7413	−0.047%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7411	−0.078%	$3.4M	$1.9M	75x	as long as short