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

AI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0644%/8h= +70.5% APRnext payment +$0.80 per $10,000 · paid last 24h +0.312%
Price spread now: Lighter RH against Aster+0.392%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter RH is 0.392% dearer against Aster than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.80 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster AIUSDT0.24780.0100pay 0.0013% / 1h28m 07s$80K$91K10x
ShortLighter RH AI0.24870.0744get 0.0093% / 1h28m 07s$49K$46K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
$135.24
Price spread: +0.392% → 0.000%
$39.18
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$166.42
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter RH: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter RH no order-book sample
Aster and Lighter RH: 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.

AI on 3 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AIUSDTlong+0.0100%1h0.2478long leg$80K$91K10x
Lighter RH AIshort+0.0744%1h0.2487+0.392%$49K$46K3x
Lighter AI+0.2408%1h0.2490+0.513%$283K$182K3xas long as short