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 −0.026%

Price spread now: Variational Omni against Lighter−0.164%7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.164%, 7d avg −0.084%

Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$4 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: Variational Omni is 0.080% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7400	0.0096	pay 0.0012% / 1h	56m 35s	$911K	$849K	5x
Short	Variational Omni ASTER	0.7388	0.0100	get 0.0050% / 4h	1h 56m	$2.1M	$363K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.164%Rate

Funding earned: $0.84
Price spread: −0.164% → −0.084%: −$8.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.21
Costs to cover: 0.000%
Break-even: 67.1 days

Slippage unknown: Lighter: live order book, 24 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 24 min ago	4.10 bp	7.4 bp −$7	28.4 bp −$284	391.9 bp −$39.2K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.06 bp	doesn't fit	43.3 bp −$433	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	0.7390	−0.146%	$251K	$827K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0061%	1h	0.7388	−0.172%	$11K	$87K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7397	−0.051%	$56.6M	$99.9M	200x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7385	−0.210%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.130%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0024%	1h	0.7397	−0.042%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7400	long leg	$911K	$849K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7395	−0.073%	$370K	$277K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7400	−0.007%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7398	−0.029%	$90.6M	$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	0.7395	−0.073%	$49.5M	$22.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7395	−0.073%	$11.9M	$18.4M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7399	−0.019%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7399	−0.019%	$33.9M	$16.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7399	−0.023%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7400	−0.005%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7399	−0.019%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7392	−0.119%	$264K	$322K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7388	−0.164%	$2.1M	$363K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7390	−0.141%	$464K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7391	−0.127%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7396	−0.059%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7388	−0.168%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7387	−0.181%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7381	−0.262%	$241K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0100%	4h	0.7387	−0.178%	$213K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7395	−0.069%	$376K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0128%	1h	0.7399	−0.019%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7392	−0.117%	$284K	$419K	20x	as long as short
Hyperliquid ASTER	+0.0270%	1h	0.7405	+0.066%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7385	−0.207%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7389	−0.154%	$3.5M	$1.8M	75x	as long as short