Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bybit+0.041%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.041%, 7d avg +0.055%

Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ASTERUSDT	0.7291	0.0100	pay 0.0050% / 4h	22m 05s	$48.9M	$24.9M	75x
Short	Lighter ASTER	0.7294	0.0096	get 0.0012% / 1h	22m 05s	$882K	$921K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.055%: −$1.4
Slippage, 4 orders: −$27.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.73
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 33 min ago.

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 Bybit live order book, 2 min ago	0.69 bp	11.3 bp −$11	42.0 bp −$420	doesn't fit	doesn't fit
Sell Lighter live order book, 33 min ago	5.30 bp	8.5 bp −$9	34.2 bp −$342	431.4 bp −$43.1K	doesn't fit

ASTER on 32 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
Deribit ASTER_USDC-PERPETUAL	−0.0093%	1h	0.7291	+0.005%	$11K	$72K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7288	−0.045%	$254K	$988K	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7301	+0.137%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7294	+0.044%	$53.2M	$109.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7292	+0.007%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7293	+0.030%	$31K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.358%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0068%	4h	0.7298	+0.096%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7294	+0.041%	$882K	$921K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7301	+0.131%	$359K	$264K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7294	+0.041%	$25.3M	$7.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7295	+0.053%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7290	−0.014%	$89.4M	$119.0M	75x	as long as short
Bybit ASTERUSDTlong	+0.0100%	4h	0.7291	long leg	$48.9M	$24.9M	75x
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7292	+0.014%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7297	+0.082%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7286	−0.069%	$33.4M	$18.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7292	+0.011%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7286	−0.069%	$17.8M	$7.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7286	−0.069%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7288	−0.041%	$218K	$493K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7281	−0.135%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7288	−0.035%	$452K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7291	0.000%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7298	+0.096%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7291	0.000%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7293	+0.027%	$242K	$141K	20x	as long as short
edgeX ASTERUSDC	+0.0104%	4h	0.7290	−0.016%	$211K	$2.1M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7292	+0.016%	$365K	$638K	25x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7295	+0.054%	$341K	$580K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7292	+0.020%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7297	+0.082%	$3.4M	$2.1M	75x	as long as short