ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%

Price spread now: Backpack against Lighter−0.277%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.277%, 7d avg −0.013%

Together, before fees+0.098%+ Points / potential airdropLighter: Season 3 · farm board+$10 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: Backpack is 0.264% cheaper against Lighter than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7474	0.0096	pay 0.0012% / 1h	10m 44s	$921K	$881K	5x
Short	Backpack ASTER_USDC_PERP	0.7453	0.0100	get 0.0013% / 1h	10m 44s	$217K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. 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 LighterbpFee BackpackbpOrdersPrice spread, now −0.277%Rate

Funding earned: $0.84
Price spread: −0.277% → −0.013%: −$26.4
Slippage, 4 orders: −$21.85
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$57.41
Costs to cover: 0.318%
Break-even: 485.4 days

Slippage from Lighter: live order book, 60 min ago; Backpack: live order book, 63 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 Lighter live order book, 60 min ago	5.44 bp	6.4 bp −$6	17.5 bp −$175	365.5 bp −$36.6K	doesn't fit
Sell Backpack live order book, 63 min ago	0.07 bp	13.0 bp −$13	doesn't fit	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	−0.0080%	1h	0.7456	−0.234%	$265K	$853K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7459	−0.194%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	−0.051%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7452	−0.288%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7453	−0.281%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−1.119%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7456	−0.232%	$342K	$496K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0096%	4h	0.7452	−0.289%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7474	long leg	$921K	$881K	5x
01 Exchange ASTERUSD	+0.0096%	1h	0.7458	−0.209%	$8K	$4K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7455	−0.249%	$373K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7472	−0.026%	$256K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7472	−0.016%	$91.9M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7471	−0.035%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7473	−0.008%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7468	−0.075%	$6.5M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7471	−0.035%	$35.7M	$17.1M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7471	−0.036%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7471	−0.035%	$18.4M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7471	−0.035%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERPshort	+0.0100%	1h	0.7453	−0.277%	$217K	$450K	10x
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.299%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7461	−0.175%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7460	−0.182%	$67K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7462	−0.155%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7451	−0.302%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7451	−0.302%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7471	−0.031%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0119%	4h	0.7455	−0.250%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0220%	1h	0.7477	+0.045%	$26.0M	$6.5M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7453	−0.281%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7457	−0.222%	$3.5M	$1.8M	75x	as long as short