Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.014%
Price spread now: Aster against Lighter−0.042%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1101.097% of the position
Funding, last 5 days (all we have)−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.042%, 7d avg −0.104%
=Together, before fees−0.151%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.061% dearer against Lighter than usual: you sell high and buy low (spread −0.042% now, against its 7-day average of −0.104%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7201 | 0.0096 | pay 0.0012% / 1h | 34m 36s | $1.1M | $897K | 5x |
| Short | Aster ETHFIUSDT | 0.7198 | 0.0050 | get 0.0025% / 4h | 34m 36s | $184K | $262K | 10x |
Lighter ETHFI
Aster ETHFIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.72
- Price spread: −0.042% → −0.104%
- $6.13
- Slippage, 4 orders
- −$101.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$113.28
- Costs to cover
- 1.097%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Aster: live order book, 42 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, 1 min ago | 7.57 bp | 32.5 bp −$32 | 117.6 bp −$1,176 | doesn't fit | doesn't fit |
| Sell Aster live order book, 42 min ago | 5.58 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0340% | 4h | 0.7183 | −0.257% | $83K | $164K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0306% | 1h | 0.7191 | −0.146% | $42K | $18K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0190% | 4h | 0.7188 | −0.187% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0028% | 8h | 0.7188 | −0.181% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.535% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0038% | 4h | 0.7191 | −0.146% | $15.2M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0038% | 4h | 0.7190 | −0.159% | $25.0M | $37.2M | 75x | as long as short |
| Extended ETHFI-USD | +0.0040% | 1h | 0.7190 | −0.162% | $93K | $493K | 10x | as long as short |
| Aster ETHFIUSDTshort | +0.0050% | 4h | 0.7198 | −0.042% | $184K | $262K | 10x | |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7190 | −0.160% | $9K | — | 3x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIlong | +0.0096% | 1h | 0.7201 | long leg | $1.1M | $897K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7205 | +0.046% | $18.2M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7188 | −0.187% | $18.2M | $13.1M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7191 | −0.146% | $4.9M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7190 | −0.160% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7190 | −0.160% | $1.2M | $272K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7187 | −0.201% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7190 | −0.160% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7192 | −0.136% | $1.1M | $738K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7195 | −0.087% | $60K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7189 | −0.174% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0153% | 4h | 0.7185 | −0.229% | $1.3M | $290K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.493% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0550% | 1h | 0.7200 | −0.023% | $277K | $160K | 20x | as long as short |
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD