Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.123%

Price spread now: Aster against Gate+0.096%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aster

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.096% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIGHT_USDT	0.1803	0.0100	pay 0.0100% / 8h	4h 32m	$2.3M	$562K	10x
Short	Aster LIGHTUSDT	0.1805	0.0265	get 0.0133% / 4h	32m 32s	$22K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.096%Rate

Funding earned: $34.73
Price spread: +0.096% → 0.000%: $9.57
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: $21.3
Costs to cover: 0.230%
Break-even: 2.7 days

Slippage unknown: Gate: live order book, 5 min ago; Aster: 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 Gate live order book, 5 min ago	2.77 bp	57.8 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

LIGHT on 9 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
OKX LIGHT-USDT-SWAP	+0.0100%	4h	0.1809	+0.333%	$898K	$1.3M	10x	as long as short
Gate LIGHT_USDTlong	+0.0100%	8h	0.1803	long leg	$2.3M	$562K	10x
SunX LIGHT-USDT	+0.0100%	4h	0.1803	0.000%	$1K	$1.4M	20x	as long as short
KuCoin LIGHTUSDTM	+0.0246%	4h	0.1802	−0.078%	$2.0M	$2.5M	10x	as long as short
Aster LIGHTUSDTshort	+0.0265%	4h	0.1805	+0.096%	$22K	$6K	5x
Binance LIGHTUSDT	+0.0384%	4h	0.1808	+0.277%	$4.1M	$3.1M	10x	as long as short
MEXC LIGHT_USDT	+0.0390%	4h	0.1808	+0.277%	$1.4M	$290K	50x	as long as short
BloFin LIGHT-USDT	+0.0404%	4h	0.1805	+0.111%	$238K	$18K	10x	as long as short
Bybit LIGHTUSDT	+0.0410%	4h	0.1807	+0.205%	$2.2M	$608K	13x	as long as short