ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.066%

Price spread now: Lighter against Hyperliquid0.000%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now 0.000%, 7d avg −0.055%

Together, before fees−0.148%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.055% dearer against Hyperliquid than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7291	0.0154	pay 0.0019% / 1h	49m 02s	$25.3M	$6.5M	5x
Short	Lighter ASTER	0.7291	0.0096	get 0.0012% / 1h	49m 02s	$888K	$909K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$12.14
Price spread: 0.000% → −0.055%: $5.45
Slippage, 4 orders: −$21.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.07
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Lighter: live order book, 6 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 Hyperliquid live order book, 4 min ago	0.89 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 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	−0.0175%	1h	0.7299	+0.107%	$11K	$71K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7328	+0.502%	$277K	$883K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7299	+0.110%	$54.3M	$103.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7306	+0.201%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7302	+0.151%	$24K	—	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	+0.0077%	4h	0.7307	+0.219%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7291	0.000%	$888K	$909K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7303	+0.168%	$366K	$249K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7303	+0.165%	$254K	$73K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7277	−0.186%	$89.6M	$112.0M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7277	−0.192%	$48.4M	$23.0M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7282	−0.123%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7294	+0.041%	$6.3M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7282	−0.123%	$33.1M	$18.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7302	+0.151%	$10.8M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7279	−0.165%	$17.7M	$6.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7284	−0.096%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7289	−0.032%	$214K	$485K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+0.188%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7337	+0.631%	$449K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7310	+0.261%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7296	+0.069%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7289	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7290	−0.014%	$241K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7280	−0.148%	$365K	$638K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7301	+0.137%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7336	+0.623%	$213K	$2.0M	10x	as long as short
Hyperliquid ASTERlong	+0.0154%	1h	0.7291	long leg	$25.3M	$6.5M	5x
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7291	+0.002%	$330K	$497K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7302	+0.151%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7286	−0.069%	$3.5M	$1.8M	75x	as long as short