Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: BloFin against Lighter+0.065%300s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.065%, 7d avg −0.044%

Together, before fees+0.357%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.109% dearer against Lighter than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 300 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7360	0.0096	pay 0.0012% / 1h	44m 04s	$894K	$897K	5x
Short	BloFin ASTER-USDT	0.7365	0.0340	get 0.0170% / 4h	2h 44m	$3.5M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $51.24
Price spread: +0.065% → −0.044%: $10.91
Slippage, 4 orders: −$16.42
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $33.74
Costs to cover: 0.284%
Break-even: 2.4 days

Slippage from Lighter: live order book, 21 min ago; BloFin: live order book, 9 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, 21 min ago	4.48 bp	6.6 bp −$7	34.5 bp −$345	398.8 bp −$39.9K	doesn't fit
Sell BloFin live order book, 9 min ago	0.68 bp	7.4 bp −$7	16.4 bp −$164	59.5 bp −$5,950	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	0.7385	+0.340%	$271K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7355	−0.068%	$55.4M	$101.3M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7355	−0.071%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7352	−0.110%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.405%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7350	−0.139%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7358	−0.030%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7360	long leg	$894K	$897K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7352	−0.114%	$366K	$257K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7348	−0.162%	$252K	$71K	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	0.7359	−0.016%	$90.2M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7359	−0.016%	$49.3M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7363	+0.038%	$12.1M	$18.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7356	−0.057%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7356	−0.057%	$34.9M	$17.5M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7357	−0.038%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7358	−0.030%	$17.9M	$6.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7358	−0.030%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7359	−0.010%	$217K	$476K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7342	−0.242%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7373	+0.176%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	−0.125%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7348	−0.166%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7357	−0.043%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7350	−0.139%	$240K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7359	−0.016%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7352	−0.114%	$212K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0145%	1h	0.7364	+0.056%	$25.6M	$6.6M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7362	+0.025%	$339K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7349	−0.146%	$28K	—	100x	as long as short
dYdX ASTER-USD	+0.0310%	1h	0.7348	−0.167%	$14K	$1K	5x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7365	+0.065%	$3.5M	$1.9M	75x