Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0428%/8h= −46.8% APRpaid last 24h −0.001%

Price spread now: Aster against Lighter−0.567%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aster is 0.567% cheaper against Lighter than usual: you would sell low and buy high (−$57 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	Lighter STABLE	0.02485	0.0096	pay 0.0012% / 1h	56m 10s	$114K	$3K	3x
Short	Aster STABLEUSDT	0.02471	−0.0332	pay 0.0166% / 4h	1h 56m	$19K	$7K	20x

Funding 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 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 LighterbpFee AsterbpOrdersPrice spread, now −0.567%Rate

Funding earned: −$89.81
Price spread: −0.567% → 0.000%: −$56.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$154.56
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 17 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 Lighter live order book, 17 min ago	185.38 bp	292.8 bp −$293	320.9 bp −$3,209	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.

STABLE 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
Aster STABLEUSDTshort	−0.0332%	4h	0.02471	−0.567%	$19K	$7K	20x
BloFin STABLE-USDT	+0.0083%	4h	0.02469	−0.660%	$114K	$7K	75x	as long as short
Lighter STABLElong	+0.0096%	1h	0.02485	long leg	$114K	$3K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02471	−0.575%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02471	−0.584%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02473	−0.491%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02470	−0.620%	$204K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	−0.620%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02472	−0.539%	$659K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	−0.338%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02470	−0.620%	$291K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02472	−0.539%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02471	−0.583%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	−0.443%	$2K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	−0.589%	$12K	$175K	10x	as long as short