Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.023%

Price spread now: Gate against Lighter−0.079%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.079%, 7d avg −0.041%

Together, before fees−0.095%+ Points / potential airdropLighter: Season 3 · farm board−$9 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: Gate is 0.038% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.041%.

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	8m 12s	$921K	$881K	5x
Short	Gate ASTER_USDT	0.7468	0.0100	get 0.0050% / 4h	3h 08m	$6.5M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.079%Rate

Funding earned: $0.84
Price spread: −0.079% → −0.041%: −$3.77
Slippage, 4 orders: −$28.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.71
Costs to cover: 0.438%
Break-even: 396.3 days

Slippage from Lighter: live order book, 62 min ago; Gate: live order book, 5 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, 62 min ago	5.44 bp	6.4 bp −$6	17.5 bp −$175	365.5 bp −$36.6K	doesn't fit
Sell Gate live order book, 5 min ago	2.01 bp	16.9 bp −$17	36.6 bp −$366	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	−0.238%	$265K	$852K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7468	−0.082%	$56.5M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7470	−0.055%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7468	−0.076%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0009%	1h	0.7468	−0.073%	$33K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−1.123%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0075%	1h	0.7474	+0.002%	$343K	$496K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7470	−0.052%	$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	0.7466	−0.106%	$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	0.7471	−0.032%	$374K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7470	−0.050%	$256K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7470	−0.057%	$91.9M	$107.7M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7471	−0.039%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7470	−0.052%	$12.2M	$18.2M	50x	as long as short
Gate ASTER_USDTshort	+0.0100%	4h	0.7468	−0.079%	$6.5M	$5.3M	75x
MEXC ASTER_USDT	+0.0100%	4h	0.7474	+0.001%	$35.6M	$17.2M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7472	−0.024%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7472	−0.025%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7465	−0.119%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7468	−0.084%	$217K	$450K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7451	−0.303%	$2.1M	$370K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7461	−0.179%	$463K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7453	−0.280%	$66K	$713K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7471	−0.039%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7470	−0.052%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7467	−0.092%	$244K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7469	−0.061%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0107%	4h	0.7453	−0.282%	$215K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0221%	1h	0.7474	+0.008%	$26.0M	$6.4M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0306% / S −0.0215%	1h	0.7469	−0.072%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7473	−0.012%	$3.5M	$1.8M	75x	as long as short