ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.081%

Price spread now: Lighter against Kraken Futures−0.024%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.641%+$64 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.024%, 7d avg +0.035%

Together, before fees+0.704%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.035%). If the spread goes back, that is −$6 on $10k: about 9.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.641% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ASTERUSD	0.7465	0.0075	pay 0.0009% / 1h	25m 56s	$342K	$489K	20x
Short	Lighter ASTER	0.7463	0.0096	get 0.0012% / 1h	25m 56s	$920K	$881K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $4.33
Price spread: −0.024% → +0.035%: −$5.91
Slippage, 4 orders: −$37.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.9
Costs to cover: 0.473%
Break-even: 86.0 days

Slippage from Kraken Futures: live order book, 47 min ago; Lighter: live order book, 44 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 Kraken Futures live order book, 47 min ago	5.37 bp	16.8 bp −$17	33.8 bp −$338	doesn't fit	doesn't fit
Sell Lighter live order book, 44 min ago	5.44 bp	7.2 bp −$7	31.3 bp −$313	407.4 bp −$40.7K	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	−0.0080%	1h	0.7443	−0.300%	$266K	$850K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7460	−0.071%	$56.6M	$99.5M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7449	−0.221%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7460	−0.068%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7456	−0.125%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−1.009%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSDlong	+0.0075%	1h	0.7465	long leg	$342K	$489K	20x
Backpack ASTER_USDC_PERP	+0.0076%	1h	0.7463	−0.034%	$220K	$443K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0093%	4h	0.7459	−0.084%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7463	−0.024%	$920K	$881K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7453	−0.165%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7454	−0.158%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7461	−0.058%	$91.8M	$107.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7461	−0.058%	$49.9M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7462	−0.044%	$12.1M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7461	−0.058%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7459	−0.084%	$35.7M	$16.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7460	−0.064%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7460	−0.071%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7462	−0.044%	—	$9.6M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7456	−0.121%	$2.1M	$374K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7444	−0.283%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7440	−0.339%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7464	−0.017%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7460	−0.071%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7451	−0.192%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7458	−0.093%	$373K	$641K	25x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7454	−0.151%	$8K	$4K	10x	as long as short
edgeX ASTERUSDC	+0.0117%	4h	0.7438	−0.367%	$214K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0232%	1h	0.7469	+0.048%	$26.0M	$6.6M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7456	−0.130%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7444	−0.285%	$3.5M	$1.9M	75x	as long as short