Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Lighter against MEXC+0.064%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on MEXC Short on Lighter

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 +0.064%, 7d avg +0.048%

Together, before fees+0.126%+ 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	MEXC ASTER_USDT	0.7444	0.0100	pay 0.0050% / 4h	57m 58s	$34.5M	$16.3M	100x
Short	Lighter ASTER	0.7449	0.0096	get 0.0012% / 1h	57m 58s	$923K	$882K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$0.84
Price spread: +0.064% → +0.048%: $1.68
Slippage, 4 orders: −$14.6
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.77
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Lighter: live order book, 17 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 MEXC live order book, 6 min ago	0.67 bp	2.0 bp −$2	7.0 bp −$70	23.4 bp −$2,343	107.0 bp −$53.5K
Sell Lighter live order book, 17 min ago	4.51 bp	5.0 bp −$5	25.1 bp −$251	429.7 bp −$43.0K	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	0.7433	−0.148%	$260K	$844K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7445	+0.010%	$56.9M	$100.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7437	−0.095%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7445	+0.009%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7442	−0.024%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7447	+0.038%	$336K	$489K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.725%	$9	$133K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7449	+0.064%	$923K	$882K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7444	+0.007%	$373K	$269K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7444	0.000%	$255K	$107K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7444	0.000%	$91.2M	$106.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7446	+0.027%	$49.8M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7445	+0.013%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7445	+0.013%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7444	long leg	$34.5M	$16.3M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7446	+0.028%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7444	0.000%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7444	0.000%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7447	+0.034%	$268K	$327K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7427	−0.222%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7429	−0.202%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7422	−0.296%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7447	+0.040%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7447	+0.040%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7442	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7437	−0.094%	$243K	$119K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7424	−0.272%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7443	−0.013%	$378K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0184%	1h	0.7449	+0.067%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7443	−0.020%	$28K	—	100x	as long as short
Hyperliquid ASTER	+0.0314%	1h	0.7454	+0.133%	$25.9M	$6.8M	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7435	−0.121%	$3.5M	$1.9M	75x	as long as short