Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: Lighter against Variational Omni+0.119%7-day average +0.092% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.119%, 7d avg +0.092%

Together, before fees+0.137%+ Points / potential airdropVariational Omni: Active · Lighter: 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 0.027% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ASTER	0.7307	0.0100	pay 0.0050% / 4h	2h 15m	$2.1M	$389K	—
Short	Lighter ASTER	0.7316	0.0096	get 0.0012% / 1h	15m 17s	$886K	$927K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$0.84
Price spread: +0.119% → +0.092%: $2.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.87
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 30 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 Variational Omni RFQ quote, 4 min ago	4.79 bp	doesn't fit	63.6 bp −$636	doesn't fit	doesn't fit
Sell Lighter live order book, 30 min ago	5.03 bp	11.1 bp −$11	33.4 bp −$334	395.1 bp −$39.5K	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	−0.0048%	1h	0.7312	+0.063%	$276K	$1.2M	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7312	+0.070%	$52.4M	$114.1M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7311	+0.047%	$14K	$1K	5x	as long as short
01 Exchange ASTERUSD	0.0000%	1h	0.7313	+0.078%	$6K	$7K	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7312	+0.062%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7312	+0.067%	$24K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.132%	$9	$133K	5.5x	as long as short
Extended ASTER-USD	+0.0040%	1h	0.7313	+0.072%	$364K	$643K	25x	as long as short
Orderly PERP_ASTER_USDC	+0.0052%	4h	0.7316	+0.119%	$13K	$1K	10x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7316	+0.119%	$886K	$927K	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	0.7315	+0.099%	$342K	$286K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7319	+0.159%	$25.0M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7316	+0.115%	$257K	$106K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7311	+0.051%	$91.5M	$126.9M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7312	+0.064%	$49.2M	$25.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7314	+0.092%	$12.5M	$21.2M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7310	+0.037%	$6.3M	$5.8M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7313	+0.078%	$34.3M	$20.8M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7312	+0.070%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7310	+0.037%	$17.8M	$8.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7310	+0.037%	—	$10.0M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7318	+0.140%	$209K	$497K	10x	as long as short
Variational Omni ASTERlong	+0.0100%	4h	0.7307	long leg	$2.1M	$389K	—
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7318	+0.146%	$451K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7315	+0.105%	$99K	$736K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7326	+0.256%	$3K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7311	+0.051%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7310	+0.037%	$243K	$170K	20x	as long as short
edgeX ASTERUSDC	+0.0103%	4h	0.7310	+0.040%	$213K	$2.2M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0295%	1h	0.7315	+0.109%	$337K	$640K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7311	+0.054%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7311	+0.051%	$3.5M	$2.0M	75x	as long as short