Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aster against Lighter−0.550%7-day average — · you buy dearer than you sell

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.550% cheaper against Lighter than usual: you would sell low and buy high, −$55 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	Lighter STABLE	0.02453	0.0096	pay 0.0012% / 1h	33m 24s	$113K	$6K	3x
Short	Aster STABLEUSDT	0.02439	0.0100	get 0.0050% / 4h	1h 33m	$18K	$10K	20x

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 −0.550%Rate

Funding earned: $0.84
Price spread: −0.550% → 0.000%: −$54.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$62.15
Costs to cover: 0.080%
Break-even: 524.9 days

Slippage unknown: Lighter: live order book, 56 min ago; Aster: 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 Lighter live order book, 56 min ago	153.31 bp	232.1 bp −$232	322.5 bp −$3,225	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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
Lighter STABLElong	+0.0096%	1h	0.02453	long leg	$113K	$6K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02439	−0.550%	$857K	$183K	3x	as long as short
Aster STABLEUSDTshort	+0.0100%	4h	0.02439	−0.550%	$18K	$10K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02439	−0.568%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02442	−0.448%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02441	−0.481%	$212K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02441	−0.481%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02439	−0.563%	$583K	$165K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	−0.359%	$178K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02442	−0.440%	$282K	$95K	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	0.02441	−0.481%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02443	−0.397%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02441	−0.461%	$1K	$927K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02438	−0.595%	$11K	$228K	10x	as long as short
BloFin STABLE-USDT	+0.0118%	4h	0.02440	−0.522%	$112K	$10K	75x	as long as short