Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Aster−0.122%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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.122% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it 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	Aster NOTUSDT	0.0005078	0.0100	pay 0.0050% / 4h	2h 09m	$14K	$9K	5x
Short	Lighter 1000NOT	0.0005072	0.0096	get 0.0012% / 1h	9m 37s	$11K	$5K	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 −0.122%Rate

Funding earned: −$0.84
Price spread: −0.122% → 0.000%: −$12.21
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.05
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Aster and 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.

NOT on 15 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
Variational Omni NOT	−0.0264%	4h	0.0005073	−0.102%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0086%	4h	0.0005073	−0.104%	$465K	$134K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.023%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0085%	4h	0.0005064	−0.282%	$2.1M	$873K	25x	as long as short
Lighter 1000NOTshort	+0.0096%	1h	0.0005072	−0.122%	$11K	$5K	3x
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.163%	$370K	$52K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0005078	long leg	$14K	$9K	5x
Binance NOTUSDT	+0.0100%	4h	0.0005069	−0.183%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005068	−0.203%	$635K	$658K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005071	−0.144%	$143K	$82K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005070	−0.163%	$1.3M	$474K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005078	−0.006%	$673K	$410K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005072	−0.124%	—	$8.9M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005068	−0.208%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0203%	1h	0.0005075	−0.066%	$50K	$10K	10x	as long as short