Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | AsterOURAUSD1 | 51.146 | +0.0050 | pay 0.0050% / 8h | 5h 21m | $101K | $73K | 20x | Long Aster≤10% back |
| SHORT | LighterOURA | 52.395 | −0.0216 | pay 0.0027% / 1h | 21m 22s | $110K | $197K | 5x | Short Lighter7d free |
Price gap+2.442%
Funding gap−0.0266% /8h
The gap pays +$32 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 4.0 days.
Funding you earn now−0.0266% /8hpaid last 24h −0.050% · next 11:00 UTC
Price spread now+2.442%7d average +2.121% · you sell dearer than you buy
Net 7d · $10k—Paid 7d −$519h − costs $138 · under 7 days of funding history
Net, price · $10k−$106spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$1381.380% of a $10k position
Funding, last
19 hours, all we have−0.050%−$5 on $10kPrice spread, last 18 hours of 7D (all we have)−0.623%−$62 · now +2.442%, avg +2.121%
Together, before fees−0.673%−$67+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardWith fees, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Lighter price against Asternow
RANGE STATS · 7D
Now+2.442%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hOURA on 12 exchanges
lowest funding first| Exchange | Funding /8h | Every | Price | vs long leg | OI | Vol 24h | Lev | KYC | Use as | |
|---|---|---|---|---|---|---|---|---|---|---|
| LighterOURA | −0.0216% · 1h | 1h | 52.395 | +2.442% | $110K | $197K | 5x | No | 52.395 · +2.442% · OI $110K · 5x · KYC No | SHORT |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.440 | +0.575% | $1.1M | $566K | 10x | No | 51.440 · +0.575% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.255 | +0.213% | $131K | $1.1M | 20x | Yes | 51.255 · +0.213% · OI $131K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +2.647% | $597K | $390K | 10x | Yes | 52.500 · +2.647% · OI $597K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.252 | +0.207% | $1.6M | $10.0M | 20x | Yes | 51.252 · +0.207% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.210 | +0.125% | — | $2.2M | 10x | No | 51.210 · +0.125% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | +0.849% | $12K | $393K | 10x | Limited | 51.580 · +0.849% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | 0.0000% · 1h | 1h | 51.314 | +0.328% | $226K | $1.0M | 5x | No | 51.314 · +0.328% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0034% · 8h | 8h | 51.370 | +0.438% | $47K | $26K | 20x | Limited | 51.370 · +0.438% · OI $47K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | long leg | $101K | $73K | 20x | No | 51.146 · long leg · OI $101K · 20x · KYC No | LONG |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.448 | +0.590% | $811K | $3.4M | 20x | Yes | 51.448 · +0.590% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.650 | +0.985% | $15K | $3.3M | 20x | Yes | 51.650 · +0.985% · OI $15K · 20x · KYC Yes | longshort |
Before you open
3 ok · 3 to watch- Watch: Thin at this size28.0 / 15.2 bpAt $10k Aster’s book costs 28.0 bp to enter, 1.8× Lighter’s.
- Note: Margin at max leverage$500 + $2,000Aster 20x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$7.98Long Aster: 3 payments, −$1.50; short Lighter: 24 payments, −$6.48.
- OK: Entry gap works for you+2.442% vs +2.121%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$101K vs $110K OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5 · Lighter Season 3Volume here counts toward the points program.
- OK: No KYC on either legAster No · Lighter NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0215%/8h × 21 periods−$45.24
Price spread+2.442% → +2.121% (7d avg)+$32.11
Slippage, 4 orderslive order books−$129.99
Fee Aster bp × 2 orders−$8.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$151.13
Costs to cover1.380%Break-evennever at this rate
Slippage: Aster: live order book, 11 min ago; Lighter: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAster20.4728.0 bp−$28doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter15.1715.2 bp−$1599.6 bp−$996doesn’t fitdoesn’t fit
Closing costs about the same again.