Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0343%/8h= −37.6% APRpaid last 24h −0.106%

Price spread now: Lighter against Aster−0.151%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Lighter is 0.151% cheaper against Aster than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EDGEUSDT	0.5929	0.0439	pay 0.0220% / 4h	3h 49m	$58K	$152K	5x
Short	Lighter EDGE	0.5920	0.0096	get 0.0012% / 1h	49m 52s	$43K	$19K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$72.03
Price spread: −0.151% → 0.000%: −$15.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$95.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Lighter: no order-book sample. 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 Aster live order book, 1 min ago	5.89 bp	62.7 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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.

EDGE on 17 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
Lighter EDGEshort	+0.0096%	1h	0.5920	−0.151%	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5916	−0.222%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5932	+0.048%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5935	+0.098%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5924	−0.092%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5928	−0.012%	$188K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	+0.594%	$12K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5968	+0.655%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6205	+4.652%	$4K	$625K	10x	as long as short
Aster EDGEUSDTlong	+0.0439%	4h	0.5929	long leg	$58K	$152K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0449%	4h	0.5940	+0.183%	$656K	$102K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5930	+0.019%	$10.2M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5923	−0.106%	$27K	$198K	5x	as long as short
MEXC EDGE_USDT	+0.0478%	4h	0.5928	−0.020%	$1.0M	$863K	50x	as long as short
edgeX EDGEUSDC	+0.0497%	4h	0.5968	+0.651%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0523%	4h	0.5935	+0.098%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0563%	4h	0.5927	−0.037%	$3K	$359	10x	as long as short