Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against KuCoin+0.050%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.050%, 7d avg +0.044%

Together, before fees+0.163%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ASTERUSDTM	0.7386	0.0100	pay 0.0050% / 4h	2h 02m	$10.9M	$3.3M	75x
Short	Lighter ASTER	0.7390	0.0096	get 0.0012% / 1h	2m 42s	$904K	$942K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$0.84
Price spread: +0.050% → +0.044%: $0.65
Slippage, 4 orders: −$53.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$65.82
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 42 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 KuCoin live order book, 6 min ago	3.94 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 42 min ago	5.03 bp	11.1 bp −$11	33.4 bp −$334	395.1 bp −$39.5K	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	−0.0048%	1h	0.7388	+0.032%	$274K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7389	+0.038%	$53.1M	$115.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7385	−0.018%	$15K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7385	−0.012%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7383	−0.042%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0024%	1h	0.7391	+0.069%	$6K	$7K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.056%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0054%	4h	0.7387	+0.015%	$13K	$1K	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7390	+0.050%	$904K	$942K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7383	−0.037%	$340K	$294K	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	0.7393	+0.092%	$25.3M	$8.2M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7388	+0.029%	$260K	$109K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7389	+0.039%	$92.8M	$130.3M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7388	+0.028%	$49.7M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7388	+0.028%	$12.6M	$22.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7387	+0.015%	$6.4M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7387	+0.015%	$34.5M	$20.9M	100x	as long as short
KuCoin ASTERUSDTMlong	+0.0100%	4h	0.7386	long leg	$10.9M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7385	−0.012%	$18.0M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7389	+0.042%	—	$9.9M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7391	+0.073%	$211K	$499K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7396	+0.140%	$2.1M	$392K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7366	−0.269%	$455K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7380	−0.080%	$100K	$737K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7398	+0.164%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7385	−0.012%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7380	−0.080%	$247K	$200K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7383	−0.042%	$371K	$647K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7381	−0.063%	$215K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0292%	1h	0.7392	+0.084%	$343K	$663K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7383	−0.037%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7392	+0.083%	$3.5M	$2.1M	75x	as long as short