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 0.000%

Price spread now: OKX against Lighter−0.036%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.036%, 7d avg −0.048%

Together, before fees−0.032%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7418	0.0096	pay 0.0012% / 1h	12m 50s	$918K	$878K	5x
Short	OKX ASTER-USDT-SWAP	0.7415	0.0100	get 0.0050% / 4h	1h 12m	$12.0M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0.84
Price spread: −0.036% → −0.048%: $1.13
Slippage, 4 orders: −$22.81
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.84
Costs to cover: 0.328%
Break-even: 264.0 days

Slippage from Lighter: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell OKX live order book, 1 min ago	0.68 bp	10.2 bp −$10	21.2 bp −$212	163.6 bp −$16.4K	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	0.7393	−0.330%	$260K	$837K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7413	−0.063%	$56.6M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7410	−0.108%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7410	−0.100%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.373%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0060%	1h	0.7412	−0.082%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7418	long leg	$918K	$878K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7413	−0.057%	$372K	$271K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7413	−0.058%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7413	−0.058%	$90.8M	$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	0.7414	−0.050%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7415	−0.036%	$12.0M	$18.5M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7415	−0.036%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7413	−0.063%	$34.7M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7414	−0.055%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7410	−0.104%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7415	−0.036%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7412	−0.082%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7412	−0.083%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7411	−0.090%	$462K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7416	−0.023%	$66K	$718K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7417	−0.009%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7415	−0.036%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7409	−0.117%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7414	−0.050%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7414	−0.056%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7409	−0.111%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7412	−0.077%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0145%	1h	0.7423	+0.075%	$25.8M	$6.8M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7412	−0.071%	$335K	$489K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7410	−0.102%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7411	−0.090%	$3.4M	$1.9M	75x	as long as short