Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.004%

Price spread now: Lighter against edgeX−0.038%7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.443%−$44 · spread now −0.038%, 7d avg +0.081%

Together, before fees−0.449%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.118% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ASTERUSDC	0.7335	0.0105	pay 0.0052% / 4h	1h 11m	$211K	$2.0M	10x
Short	Lighter ASTER	0.7332	0.0096	get 0.0012% / 1h	11m 24s	$893K	$907K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$1.86
Price spread: −0.038% → +0.081%: −$11.83
Slippage, 4 orders: −$20.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.37
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Lighter: live order book, 49 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 edgeX live order book, 3 min ago	2.04 bp	6.5 bp −$7	12.4 bp −$124	doesn't fit	doesn't fit
Sell Lighter live order book, 49 min ago	4.34 bp	10.9 bp −$11	35.3 bp −$353	doesn't fit	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
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7338	+0.043%	$270K	$879K	50x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0077%	1h	0.7330	−0.072%	$11K	$71K	25x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7331	−0.060%	$54.4M	$101.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7335	−0.006%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7334	−0.011%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7335	+0.001%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.750%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0082%	4h	0.7331	−0.054%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7332	−0.038%	$893K	$907K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7329	−0.078%	$367K	$250K	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	0.7339	+0.058%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7330	−0.063%	$255K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7333	−0.027%	$90.2M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7333	−0.027%	$48.9M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7338	+0.042%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7332	−0.040%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7331	−0.054%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7331	−0.059%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7333	−0.027%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7333	−0.027%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7330	−0.069%	$216K	$483K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7346	+0.152%	$2.1M	$369K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	+0.082%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7338	+0.042%	$70K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7341	+0.082%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7328	−0.095%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7332	−0.040%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7331	−0.060%	$367K	$638K	25x	as long as short
edgeX ASTERUSDClong	+0.0105%	4h	0.7335	long leg	$211K	$2.0M	10x
Kraken Futures PF_ASTERUSD	+0.0245%	1h	0.7332	−0.040%	$337K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7333	−0.026%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7328	−0.095%	$3.5M	$1.9M	75x	as long as short