Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.007%

Price spread now: Lighter against Orderly−0.042%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.042% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ASTER_USDC	0.7296	0.0089	pay 0.0044% / 4h	22m 00s	$13K	$1K	10x
Short	Lighter ASTER	0.7293	0.0096	get 0.0012% / 1h	22m 00s	$882K	$921K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now −0.042%Rate

Funding earned: $1.52
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.72
Costs to cover: 0.060%
Break-even: 47.1 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 13 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	5.60 bp	7.8 bp −$8	30.7 bp −$307	412.6 bp −$41.3K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster ASTERUSDT	0.0000%	4h	0.7288	−0.110%	$51.5M	$112.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7297	+0.007%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7291	−0.071%	$11K	$56K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7294	−0.032%	$24K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7301	+0.070%	$253K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.288%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDClong	+0.0089%	4h	0.7296	long leg	$13K	$1K	10x
Lighter ASTERshort	+0.0096%	1h	0.7293	−0.042%	$882K	$921K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7296	−0.005%	$345K	$291K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7301	+0.065%	$257K	$114K	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	0.7287	−0.126%	$92.1M	$130.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7289	−0.096%	$49.3M	$26.3M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7289	−0.096%	$12.4M	$22.3M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7292	−0.055%	$6.3M	$5.9M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7288	−0.110%	$34.7M	$20.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7294	−0.026%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7288	−0.110%	$17.8M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7288	−0.110%	—	$10.1M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7292	−0.056%	$209K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7305	+0.119%	$2.1M	$391K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7310	+0.187%	$457K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7307	+0.151%	$99K	$739K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7302	+0.082%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7290	−0.082%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7291	−0.069%	$244K	$202K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7306	+0.137%	$212K	$2.2M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7291	−0.068%	$366K	$654K	25x	as long as short
01 Exchange ASTERUSD	+0.0104%	1h	0.7294	−0.027%	$6K	$7K	10x	as long as short
Hyperliquid ASTER	+0.0296%	1h	0.7296	−0.005%	$24.9M	$8.0M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7292	−0.055%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7298	+0.027%	$3.6M	$2.0M	75x	as long as short
Kraken Futures PF_ASTERUSD	+0.0767%	1h	0.7296	+0.001%	$336K	$641K	20x	as long as short