Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX+0.089%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.089%, 7d avg +0.048%

Together, before fees−0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 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: Lighter is 0.040% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7441	0.0100	pay 0.0050% / 4h	3h 18m	$12.1M	$18.2M	50x
Short	Lighter ASTER	0.7448	0.0096	get 0.0012% / 1h	18m 30s	$918K	$881K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$0.84
Price spread: +0.089% → +0.048%: $4.04
Slippage, 4 orders: −$23.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.11
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 52 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 OKX live order book, 5 min ago	0.67 bp	10.8 bp −$11	20.4 bp −$204	doesn't fit	doesn't fit
Sell Lighter live order book, 52 min ago	5.44 bp	7.2 bp −$7	31.3 bp −$313	407.4 bp −$40.7K	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	0.7451	+0.141%	$266K	$854K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7440	−0.008%	$56.3M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7439	−0.033%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7457	+0.210%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7458	+0.233%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.685%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7448	+0.088%	$342K	$495K	20x	as long as short
01 Exchange ASTERUSD	+0.0088%	1h	0.7440	−0.013%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7458	+0.228%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7448	+0.089%	$918K	$881K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7435	−0.074%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7445	+0.058%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7436	−0.067%	$91.4M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7437	−0.054%	$49.7M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7441	long leg	$12.1M	$18.2M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7444	+0.040%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7446	+0.067%	$36.1M	$16.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7444	+0.044%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	+0.027%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7439	−0.027%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7446	+0.069%	$221K	$444K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	+0.138%	$2.1M	$373K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7450	+0.121%	$468K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7454	+0.175%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7469	+0.376%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7445	+0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7451	+0.134%	$244K	$110K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7451	+0.133%	$215K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7442	+0.013%	$373K	$641K	25x	as long as short
Hyperliquid ASTER	+0.0207%	1h	0.7450	+0.126%	$25.9M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7462	+0.276%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7444	+0.040%	$3.5M	$1.9M	75x	as long as short