Settings8H · net · $10k
Funding arb · Price arb /

AI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−1.1881%/8h= −1300.9% APRnext payment $14.85 per $10,000 · paid last 24h −0.971%
Price spread now: Aster against Lighter+0.441%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−3.501%−$350 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.441% dearer against Lighter than usual: you sell high and buy low (spread +0.441% now, against zero (this spread has no 7-day history yet)): +$44 on $10k if it goes back. Holding the pair costs −$356 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−3.501% in total) that is about 21 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -3.501% in total (about -182.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $14.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter AI0.23331.3376pay 0.1672% / 1h41m 06s$264K$173K3x
ShortAster AIUSDT0.23430.1495get 0.0187% / 1h41m 06s$76K$88K10x

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

Funding earned
−$2,494.92
Price spread: +0.441% → 0.000%
$44.15
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$2,458.77
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Lighter: live order book, 49 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 49 min ago87.38 bp152.6 bp −$153doesn't fitdoesn't fitdoesn'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.

AI on 3 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AIUSDTshort+0.1495%1h0.2343+0.441%$76K$88K10x
Lighter RH AI+0.2512%1h0.2333+0.004%$44K$39K3xas long as short
Lighter AIlong+1.3376%1h0.2333long leg$264K$173K3x