Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | LighterOURA | 52.395 | −0.0216 | get 0.0027% / 1h | 21m 21s | $110K | $197K | 5x | Long Lighter7d free |
| SHORT | AsterOURAUSD1 | 51.146 | +0.0050 | get 0.0050% / 8h | 5h 21m | $101K | $73K | 20x | Short Aster≤10% back |
Price gap−2.384%
Funding gap+0.0266% /8h
Funding pays +$8 a day on $10k, but the gap is 0.263% under its 7d average: −$26 if it goes back, about 3.3 days of funding.
Funding you earn now+0.0266% /8hpaid last 24h +0.050% · next 11:00 UTC
Price spread now−2.384%7d average −2.121% · you buy dearer than you sell
Net 7d · $10k—Paid 7d +$519h − costs $138 · under 7 days of funding history
Net, price · $10k−$164spread 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)+0.565%+$56 · now −2.384%, avg −2.121%
Together, before fees+0.615%+$61+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · 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
Aster price against Lighternow
RANGE STATS · 7D
Now−2.384%
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 | long leg | $110K | $197K | 5x | No | 52.395 · long leg · OI $110K · 5x · KYC No | LONG |
| QFEXOURA-USD | −0.0014% · 1h | 1h | 51.440 | −1.823% | $1.1M | $566K | 10x | No | 51.440 · −1.823% · OI $1.1M · 10x · KYC No | longshort |
| OKXOURA-USDT-SWAP | 0.0000% · 8h | 8h | 51.255 | −2.176% | $131K | $1.1M | 20x | Yes | 51.255 · −2.176% · OI $131K · 20x · KYC Yes | longshort |
| GateOURA_USDT | 0.0000% · 8h | 8h | 52.500 | +0.200% | $597K | $390K | 10x | Yes | 52.500 · +0.200% · OI $597K · 10x · KYC Yes | longshort |
| BitgetOURAUSDT | 0.0000% · 8h | 8h | 51.252 | −2.182% | $1.6M | $10.0M | 20x | Yes | 51.252 · −2.182% · OI $1.6M · 20x · KYC Yes | longshort |
| SunXOURA-USDT | 0.0000% · 8h | 8h | 51.210 | −2.262% | — | $2.2M | 10x | No | 51.210 · −2.262% · OI — · 10x · KYC No | longshort |
| HTXOURA-USDT | 0.0000% · 8h | 8h | 51.580 | −1.555% | $12K | $393K | 10x | Limited | 51.580 · −1.555% · OI $12K · 10x · KYC Limited | longshort |
| tradeXYZxyz:OURA | 0.0000% · 1h | 1h | 51.314 | −2.063% | $226K | $1.0M | 5x | No | 51.314 · −2.063% · OI $226K · 5x · KYC No | longshort |
| BloFinOURA-USDT | +0.0034% · 8h | 8h | 51.370 | −1.956% | $47K | $26K | 20x | Limited | 51.370 · −1.956% · OI $47K · 20x · KYC Limited | longshort |
| AsterOURAUSD1 | +0.0050% · 8h | 8h | 51.146 | −2.384% | $101K | $73K | 20x | No | 51.146 · −2.384% · OI $101K · 20x · KYC No | SHORT |
| BinanceOURAUSDT | +0.0050% · 8h | 8h | 51.448 | −1.808% | $811K | $3.4M | 20x | Yes | 51.448 · −1.808% · OI $811K · 20x · KYC Yes | longshort |
| KuCoinOURAUSDTM | +0.0050% · 8h | 8h | 51.650 | −1.422% | $15K | $3.3M | 20x | Yes | 51.650 · −1.422% · OI $15K · 20x · KYC Yes | longshort |
Before you open
2 ok · 4 to watch- Watch: Thin at this size65.9 / 29.0 bpAt $10k Lighter’s book costs 65.9 bp to enter, 2.3× Aster’s.
- Note: Margin at max leverage$2,000 + $500Lighter 5x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.98Long Lighter: 24 payments, +$6.48; short Aster: 3 payments, +$1.50.
- Watch: Gap narrower than usual−2.384% vs −2.121%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$101K vs $110K OIAster sets your exit cost. Check its book before closing.
- OK: Points on a legLighter Season 3 · Aster Stage 5Volume here counts toward the points program.
- OK: No KYC on either legLighter No · Aster 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−2.384% → −2.121% (7d avg)−$26.29
Slippage, 4 orderslive order books−$129.99
Fee Lighter bp × 2 orders$0.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$119.04
Costs to cover1.380%Break-even25.4 days
Slippage: Lighter: live order book, 8 min ago; Aster: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGLighter15.1765.9 bp−$66210.6 bp−$2,106doesn’t fitdoesn’t fit
SELL · SHORTAster20.4729.0 bp−$29doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.