Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.001%

Price spread now: Lighter against Aster+0.515%7-day average — · you sell dearer than you buy

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 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 airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Lighter is 0.515% dearer against Aster than usual: you sell high and buy low: +$51 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	Aster STABLEUSDT	0.02478	−0.0274	get 0.0137% / 4h	2h 22m	$19K	$7K	20x
Short	Lighter STABLE	0.02490	0.0096	get 0.0012% / 1h	22m 42s	$114K	$3K	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 +0.515%Rate

Funding earned: $77.73
Price spread: +0.515% → 0.000%: $51.5
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $121.22
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 59 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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 59 min ago	177.29 bp	187.4 bp −$187	557.2 bp −$5,572	doesn't fit	doesn't fit

Aster: 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.

STABLE on 15 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 STABLEUSDTlong	−0.0274%	4h	0.02478	long leg	$19K	$7K	20x
Lighter STABLEshort	+0.0096%	1h	0.02490	+0.515%	$114K	$3K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02475	−0.090%	$873K	$235K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02475	−0.087%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02477	−0.022%	$1.5M	$817K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	−0.066%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02474	−0.147%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02476	−0.066%	$661K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02480	+0.095%	$175K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02477	−0.026%	$292K	$116K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02476	−0.066%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02478	+0.011%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02478	+0.006%	$2K	$646K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02476	−0.080%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0154%	4h	0.02475	−0.107%	$114K	$8K	75x	as long as short