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 −0.001%

Price spread now: Lighter against MEXC+0.004%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now +0.004%, 7d avg +0.048%

Together, before fees+0.147%+ Points / potential airdropLighter: Season 3 · farm board+$15 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: Lighter is 0.044% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ASTER_USDT	0.7439	0.0100	pay 0.0050% / 4h	3h 29m	$35.7M	$16.8M	100x
Short	Lighter ASTER	0.7439	0.0096	get 0.0012% / 1h	29m 09s	$917K	$881K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$0.84
Price spread: +0.004% → +0.048%: −$4.36
Slippage, 4 orders: −$15.72
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.92
Costs to cover: 0.157%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 41 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 MEXC live order book, 5 min ago	0.67 bp	0.7 bp −$1	3.9 bp −$39	22.8 bp −$2,275	133.0 bp −$66.5K
Sell Lighter live order book, 41 min ago	5.44 bp	7.2 bp −$7	31.3 bp −$313	407.4 bp −$40.7K	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	0.7442	+0.044%	$266K	$850K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7437	−0.032%	$56.4M	$99.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7440	+0.007%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7435	−0.050%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7438	−0.013%	$30K	—	150x	as long as short
Backpack ASTER_USDC_PERP	+0.0011%	1h	0.7439	+0.001%	$212K	$436K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	−0.659%	$9	$133K	5.5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0076%	1h	0.7441	+0.020%	$341K	$488K	20x	as long as short
Orderly PERP_ASTER_USDC	+0.0092%	4h	0.7431	−0.108%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7439	+0.004%	$917K	$881K	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ASTER-PERP	+0.0100%	1h	0.7436	−0.036%	$372K	$254K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7441	+0.033%	$255K	$68K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7440	+0.012%	$91.5M	$107.5M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7441	+0.027%	$49.8M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7444	+0.067%	$12.0M	$18.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7438	−0.013%	$6.5M	$5.2M	75x	as long as short
MEXC ASTER_USDTlong	+0.0100%	4h	0.7439	long leg	$35.7M	$16.8M	100x
KuCoin ASTERUSDTM	+0.0100%	4h	0.7438	−0.015%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7440	+0.013%	$18.3M	$6.5M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7440	+0.013%	—	$9.7M	—	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7438	−0.009%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7444	+0.070%	$456K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7446	+0.094%	$66K	$714K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7445	+0.081%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7437	−0.027%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7436	−0.040%	$243K	$110K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7434	−0.062%	$373K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7442	+0.036%	$215K	$2.0M	10x	as long as short
01 Exchange ASTERUSD	+0.0112%	1h	0.7444	+0.067%	$8K	$4K	10x	as long as short
Hyperliquid ASTER	+0.0229%	1h	0.7445	+0.086%	$25.9M	$6.6M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7435	−0.054%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7442	+0.040%	$3.5M	$1.9M	75x	as long as short