Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX−0.065%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.065%, 7d avg +0.047%

Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 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 0.112% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ASTER-USDT-SWAP	0.7347	0.0100	pay 0.0050% / 4h	2h 45m	$12.0M	$18.3M	50x
Short	Lighter ASTER	0.7342	0.0096	get 0.0012% / 1h	45m 09s	$892K	$897K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.84
Price spread: −0.065% → +0.047%: −$11.24
Slippage, 4 orders: −$24
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.09
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 20 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 OKX live order book, 3 min ago	0.68 bp	11.0 bp −$11	20.9 bp −$209	doesn't fit	doesn't fit
Sell Lighter live order book, 20 min ago	4.48 bp	7.1 bp −$7	31.3 bp −$313	416.8 bp −$41.7K	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	0.7385	+0.520%	$271K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7341	−0.086%	$55.3M	$101.2M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7338	−0.121%	$11K	$86K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7339	−0.108%	$29K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.585%	$9	$133K	5.5x	as long as short
01 Exchange ASTERUSD	+0.0072%	1h	0.7342	−0.068%	$8K	$4K	10x	as long as short
Orderly PERP_ASTER_USDC	+0.0095%	4h	0.7339	−0.109%	$14K	$845	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7342	−0.065%	$892K	$897K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7340	−0.095%	$365K	$257K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7342	−0.064%	$251K	$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	0.7342	−0.064%	$89.9M	$110.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7346	−0.014%	$49.2M	$22.7M	75x	as long as short
OKX ASTER-USDT-SWAPlong	+0.0100%	4h	0.7347	long leg	$12.0M	$18.3M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7340	−0.095%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7338	−0.122%	$34.8M	$17.4M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7339	−0.113%	$10.9M	$3.2M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7339	−0.109%	$17.8M	$6.8M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7342	−0.068%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7343	−0.052%	$217K	$476K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7342	−0.063%	$2.1M	$376K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7373	+0.356%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7351	+0.054%	$66K	$715K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7337	−0.136%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7337	−0.136%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7344	−0.041%	$240K	$109K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7337	−0.142%	$367K	$641K	25x	as long as short
edgeX ASTERUSDC	+0.0116%	4h	0.7352	+0.066%	$212K	$2.0M	10x	as long as short
Hyperliquid ASTER	+0.0133%	1h	0.7351	+0.055%	$25.5M	$6.6M	5x	as long as short
Kraken Futures PF_ASTERUSD	+0.0228%	1h	0.7342	−0.069%	$338K	$500K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7335	−0.159%	$28K	—	100x	as long as short
dYdX ASTER-USD	+0.0332%	1h	0.7339	−0.110%	$14K	$1K	5x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7365	+0.245%	$3.5M	$1.9M	75x	as long as short