Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.088%
Price spread now: Lighter against Aster−0.034%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$2282.284% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.230%−$23 on $10k
Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.034%, 7d avg −0.037%
Together, before fees−0.299%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SUSDT0.040300.0100pay 0.0050% / 4h1h 04m$48K$110K10x
ShortLighter S0.040290.0096get 0.0012% / 1h4m 00s$172K$139K5x

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

Funding earned
−$0.84
Price spread: −0.034% → −0.037%
$0.23
Slippage, 4 orders
−$220.35
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$228.96
Costs to cover
2.284%
Break-even
never at this rate
Slippage from Aster: live order book, 37 min ago; Lighter: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago14.78 bp144.9 bp −$145doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 21 min ago11.10 bp23.5 bp −$2396.6 bp −$966doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.7632%1h0.03950−1.994%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.2396%1h0.04024−0.157%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1120%1h0.03961−1.721%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04026−0.101%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04021−0.237%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04025−0.138%$620150xas long as short
Variational Omni S+0.0010%4h0.04022−0.201%$625K$22Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.727%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0086%4h0.04024−0.158%$100K$591K10xas long as short
Lighter Sshort+0.0096%1h0.04029−0.034%$172K$139K5x
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04026−0.114%$1.0M$579K5xas long as short
Aster SUSDTlong+0.0100%4h0.04030long leg$48K$110K10x
Binance SUSDT+0.0100%4h0.040300.000%$5.7M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04027−0.084%$5.7M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04030−0.010%$1.0M$3.7M20xas long as short
Gate S_USDT+0.0100%4h0.04024−0.158%$327K$179K50xas long as short
MEXC S_USDT+0.0100%4h0.04028−0.059%$4.1M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04022−0.208%$1.8M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04029−0.034%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04028−0.059%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04040+0.239%$23K$487K50xas long as short
Extended S-USD+0.0104%1h0.04026−0.100%$232K$396K10xas long as short
BloFin S-USDT+0.0340%4h0.04029−0.034%$280K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0744%1h0.04030−0.010%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1784%1h0.04030−0.010%$117K$426K5xas long as short