Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Aster−0.016%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 7 days—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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BEUSDT	275.08	0	get 0.0000% / 8h	4h 00m	$346K	$119K	20x
Short	Lighter BE	275.04	0.0032	get 0.0004% / 1h	0m 17s	—	—	10x

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 −0.016%Rate

Funding earned: $6.72
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.89
Costs to cover: 0.080%
Break-even: 10.0 days

Slippage unknown: Aster: live order book, 57 min ago; 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 live order book, 57 min ago	40.95 bp	335.9 bp −$336	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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.

BE on 21 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 BEUSDTlong	0.0000%	8h	275.08	long leg	$346K	$119K	20x
Gate BE_USDT	0.0000%	8h	274.80	−0.103%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.91	−0.063%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.23	+0.053%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.98	−0.038%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.02	−0.023%	$13K	$35K	20x	as long as short
Lighter BEshort	+0.0032%	1h	275.04	−0.016%	—	—	10x
Lighter RH BE	+0.0032%	1h	275.04	−0.016%	$251K	$291K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.729%	$473K	$128K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.88	−0.074%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	274.96	−0.045%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.81	−0.100%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	274.96	−0.045%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0054%	8h	275.04	−0.017%	$8.5M	$36.5M	25x	as long as short
Extended BE-USD	+0.0056%	1h	275.01	−0.026%	$46K	$260K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.13	+0.017%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.03	−0.018%	—	—	10x	as long as short
Bybit BEUSDT	+0.0106%	8h	275.16	+0.028%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	+0.0149%	8h	275.15	+0.024%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0174%	8h	275.15	+0.024%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0877%	1h	275.38	+0.108%	$7K	$4K	10x	as long as short