Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Lighter−0.193%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.193%, 7d avg −0.052%

Together, before fees−0.108%+ Points / potential airdropLighter: Season 3 · farm board−$11 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: Bitget is 0.141% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7237	0.0096	pay 0.0012% / 1h	46m 59s	$875K	$919K	5x
Short	Bitget ASTERUSDT	0.7223	0.0100	get 0.0050% / 4h	46m 59s	$17.7M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.193%Rate

Funding earned: $0.84
Price spread: −0.193% → −0.052%: −$14.11
Slippage, 4 orders: −$25.54
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.81
Costs to cover: 0.375%
Break-even: 430.4 days

Slippage from Lighter: live order book, 8 min ago; Bitget: live order book, 2 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, 8 min ago	5.30 bp	6.6 bp −$7	29.2 bp −$292	395.4 bp −$39.5K	doesn't fit
Sell Bitget live order book, 2 min ago	2.77 bp	10.3 bp −$10	26.9 bp −$269	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
Deribit ASTER_USDC-PERPETUAL	−0.0192%	1h	0.7232	−0.072%	$11K	$71K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0072%	1h	0.7236	−0.014%	$259K	$951K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7231	−0.087%	$53.7M	$107.0M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7228	−0.128%	$14K	$1K	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7244	+0.096%	$23K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+2.114%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7223	−0.193%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7239	+0.028%	$13K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7237	long leg	$875K	$919K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7226	−0.152%	$356K	$265K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ASTER	+0.0100%	1h	0.7230	−0.091%	$251K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7222	−0.214%	$89.0M	$114.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7220	−0.235%	$48.2M	$24.2M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7225	−0.166%	$12.1M	$19.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7234	−0.041%	$6.3M	$5.5M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7233	−0.055%	$32.7M	$18.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7237	−0.004%	$10.7M	$3.3M	75x	as long as short
Bitget ASTERUSDTshort	+0.0100%	4h	0.7223	−0.193%	$17.7M	$7.2M	50x
BingX ASTER-USDT	+0.0100%	4h	0.7229	−0.111%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7235	−0.025%	$212K	$491K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+0.936%	$2.1M	$389K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7302	+0.895%	$447K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7285	+0.663%	$84K	$722K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7241	+0.055%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7229	−0.111%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7239	+0.028%	$240K	$133K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7298	+0.836%	$212K	$2.0M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7235	−0.025%	$361K	$638K	25x	as long as short
Hyperliquid ASTER	+0.0115%	1h	0.7240	+0.036%	$25.0M	$6.7M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0285%	1h	0.7238	+0.018%	$340K	$559K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7244	+0.095%	$27K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7234	−0.041%	$3.4M	$2.1M	75x	as long as short