Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0495%/8h= −54.2% APRpaid last 24h −0.091%

Price spread now: Lighter against Aster−0.247%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Lighter is 0.247% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EDGEUSDT	0.5953	0.0591	pay 0.0295% / 4h	3h 46m	$68K	$133K	5x
Short	Lighter EDGE	0.5939	0.0096	get 0.0012% / 1h	46m 19s	$49K	$14K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.247%Rate

Funding earned: −$103.88
Price spread: −0.247% → 0.000%: −$24.68
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$136.56
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 25 min ago; Lighter: no order-book sample. 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 Aster live order book, 25 min ago	7.56 bp	303.0 bp −$303	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0035%	1h	0.5950	−0.057%	$57K	$101K	3.3x	as long as short
Lighter EDGEshort	+0.0096%	1h	0.5939	−0.247%	$49K	$14K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5940	−0.223%	$7.0M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5943	−0.173%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5945	−0.139%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5941	−0.214%	$190K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5962	+0.140%	$4K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5967	+0.230%	$9K	$290K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5914	−0.660%	$4K	$613K	10x	as long as short
Aster EDGEUSDTlong	+0.0591%	4h	0.5953	long leg	$68K	$133K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0608%	1h	0.5947	−0.109%	$27K	$224K	5x	as long as short
MEXC EDGE_USDT	+0.0610%	4h	0.5948	−0.089%	$1.2M	$912K	50x	as long as short
Binance EDGEUSDT	+0.0612%	4h	0.5948	−0.089%	$10.1M	$10.1M	50x	as long as short
edgeX EDGEUSDC	+0.0619%	4h	0.5957	+0.067%	$14.2M	$3.5M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0620%	4h	0.5947	−0.106%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0651%	4h	0.5961	+0.129%	$644K	$95K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0774%	4h	0.5949	−0.072%	$3K	—	10x	as long as short