Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: KuCoin against Lighter−0.120%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.120%, 7d avg −0.044%

Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 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: KuCoin is 0.076% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7348	0.0096	pay 0.0012% / 1h	12m 49s	$890K	$956K	5x
Short	KuCoin ASTERUSDTM	0.7339	0.0100	get 0.0050% / 4h	1h 12m	$10.8M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0.84
Price spread: −0.120% → −0.044%: −$7.58
Slippage, 4 orders: −$44.9
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.64
Costs to cover: 0.569%
Break-even: 537.4 days

Slippage from Lighter: live order book, 27 min ago; KuCoin: live order book, 6 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, 27 min ago	2.11 bp	3.8 bp −$4	28.5 bp −$285	415.3 bp −$41.5K	doesn't fit
Sell KuCoin live order book, 6 min ago	1.36 bp	23.4 bp −$23	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	−0.0024%	1h	0.7343	−0.076%	$254K	$1.3M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7336	−0.166%	$52.1M	$116.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7342	−0.090%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7344	−0.056%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7343	−0.072%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.569%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0042%	1h	0.7349	+0.007%	$341K	$671K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0074%	4h	0.7346	−0.030%	$13K	$1K	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7348	long leg	$890K	$956K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7343	−0.070%	$346K	$299K	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	0.7342	−0.078%	$258K	$114K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7337	−0.152%	$92.7M	$132.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7336	−0.166%	$49.5M	$26.6M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7339	−0.125%	$12.5M	$22.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7335	−0.180%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7336	−0.166%	$35.1M	$20.9M	100x	as long as short
KuCoin ASTERUSDTMshort	+0.0100%	4h	0.7339	−0.120%	$10.8M	$3.3M	75x
Bitget ASTERUSDT	+0.0100%	4h	0.7339	−0.125%	$18.0M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7337	−0.152%	—	$9.9M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7342	−0.081%	$2.1M	$393K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7333	−0.207%	$458K	$4.2M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7333	−0.207%	$99K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7350	+0.024%	$2K	$1.8M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7343	−0.071%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7342	−0.084%	$245K	$202K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7335	−0.173%	$367K	$651K	25x	as long as short
edgeX ASTERUSDC	+0.0115%	4h	0.7332	−0.223%	$214K	$2.2M	10x	as long as short
01 Exchange ASTERUSD	+0.0168%	1h	0.7343	−0.071%	$6K	$7K	10x	as long as short
Backpack ASTER_USDC_PERP	+0.0188%	1h	0.7344	−0.060%	$209K	$493K	10x	as long as short
Hyperliquid ASTER	+0.0265%	1h	0.7344	−0.053%	$25.1M	$8.2M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7343	−0.074%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7339	−0.125%	$3.6M	$2.1M	75x	as long as short