ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.088%

Price spread now: Coinbase International against Lighter−0.404%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 3 days (all we have)+0.189%+$19 · spread now −0.404%, 7d avg −0.090%

Together, before fees−0.088%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Coinbase International is 0.314% cheaper against Lighter than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7423	0.0096	pay 0.0012% / 1h	19m 04s	$917K	$874K	5x
Short	Coinbase International ASTER-PERP-INTX	0.7393	−0.0136	pay 0.0017% / 1h	19m 04s	$260K	$840K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.404%Rate

Funding earned: −$48.72
Price spread: −0.404% → −0.090%: −$31.39
Slippage, 4 orders: −$26.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$116.19
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Lighter: live order book, 61 min ago; Coinbase International: live order book, 64 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, 61 min ago	4.10 bp	7.4 bp −$7	28.4 bp −$284	391.9 bp −$39.2K	doesn't fit
Sell Coinbase International live order book, 64 min ago	4.44 bp	9.6 bp −$10	14.8 bp −$148	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-INTXshort	−0.0136%	1h	0.7393	−0.404%	$260K	$840K	50x
Aster ASTERUSDT	0.0000%	4h	0.7423	+0.002%	$56.8M	$99.9M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7421	−0.030%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7421	−0.026%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7390	−0.447%	$9	$133K	5.5x	as long as short
dYdX ASTER-USD	+0.0070%	1h	0.7420	−0.042%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7423	long leg	$917K	$874K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7419	−0.050%	$372K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7422	−0.015%	$254K	$107K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7420	−0.042%	$90.8M	$106.9M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7418	−0.070%	$49.6M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7418	−0.070%	$12.0M	$18.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7423	−0.003%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7421	−0.030%	$34.7M	$16.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7422	−0.022%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7421	−0.030%	$18.2M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7419	−0.057%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7421	−0.034%	$264K	$326K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7419	−0.062%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7420	−0.043%	$463K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7424	+0.011%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7426	+0.038%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7427	+0.051%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7420	−0.043%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7419	−0.057%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7418	−0.073%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7420	−0.049%	$214K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7423	−0.003%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0146%	1h	0.7425	+0.027%	$336K	$488K	20x	as long as short
Hyperliquid ASTER	+0.0154%	1h	0.7428	+0.066%	$25.8M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7422	−0.019%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7418	−0.070%	$3.4M	$1.9M	75x	as long as short