Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0367%/8h= +40.1% APRpaid last 24h +0.106%

Price spread now: Aster against Lighter+0.351%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

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 airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.351% dearer against Lighter than usual: you sell high and buy low: +$35 more if the spread 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	Lighter EDGE	0.5939	0.0096	pay 0.0012% / 1h	52m 13s	$43K	$19K	3x
Short	Aster EDGEUSDT	0.5960	0.0463	get 0.0231% / 4h	3h 52m	$58K	$152K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.351%Rate

Funding earned: $76.98
Price spread: +0.351% → 0.000%: $35.07
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $104.05
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Aster: live order book, 64 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster live order book, 64 min ago	6.75 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit

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 EDGElong	+0.0096%	1h	0.5939	long leg	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5937	−0.039%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5956	+0.281%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5950	+0.180%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5966	+0.451%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5944	+0.087%	$189K	$136K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5966	+0.450%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5915	−0.409%	$4K	$625K	10x	as long as short
GRVT EDGE_USDT_Perp	+0.0148%	4h	0.5965	+0.437%	$8K	$2.5M	10x	as long as short
Aster EDGEUSDTshort	+0.0463%	4h	0.5960	+0.351%	$58K	$152K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0472%	1h	0.5941	+0.034%	$27K	$198K	5x	as long as short
MEXC EDGE_USDT	+0.0472%	4h	0.5954	+0.248%	$1.1M	$863K	50x	as long as short
Binance EDGEUSDT	+0.0474%	4h	0.5948	+0.146%	$10.2M	$10.5M	50x	as long as short
BloFin EDGE-USDT	+0.0480%	4h	0.5973	+0.567%	$660K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0489%	4h	0.5963	+0.391%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0523%	4h	0.5955	+0.264%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0568%	4h	0.5949	+0.163%	$3K	$359	10x	as long as short