Funding arb · Price arb /

ASTS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−0.031%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Bitget

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 RH: Points live · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.031% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 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	Lighter RH ASTS	61.499	0.0032	pay 0.0004% / 1h	21m 34s	$9K	$31K	10x
Short	Bitget ASTSUSDT	61.480	−0.0089	pay 0.0089% / 8h	1h 21m	$1.1M	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$25.41
Price spread: −0.031% → 0.000%: −$3.09
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$40.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter RH: no order-book sample; Bitget: live order book, 5 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 RH no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.44 bp	73.6 bp −$74	125.3 bp −$1,253	doesn't fit	doesn't fit

Lighter RH: 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.

ASTS 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
Bitget ASTSUSDTshort	−0.0089%	8h	61.480	−0.031%	$1.1M	$364K	20x
Aster ASTSUSDT	0.0000%	8h	61.467	−0.053%	$13K	$28K	20x	as long as short
Bybit ASTSUSDT	0.0000%	8h	61.470	−0.047%	$700K	$316K	25x	as long as short
OKX ASTS-USDT-SWAP	0.0000%	8h	61.500	+0.002%	$744K	$679K	20x	as long as short
Gate ASTS_USDT	0.0000%	8h	61.480	−0.031%	$1.6M	$1.2M	25x	as long as short
SunX ASTS-USDT	0.0000%	8h	61.450	−0.080%	$914	$689K	10x	as long as short
HTX ASTS-USDT	0.0000%	8h	61.520	+0.034%	$5K	$3K	20x	as long as short
BloFin ASTS-USDT	+0.0012%	8h	61.420	−0.128%	$45K	$8K	20x	as long as short
Lighter RH ASTSlong	+0.0032%	1h	61.499	long leg	$9K	$31K	10x
Binance ASTSUSDT	+0.0037%	8h	61.540	+0.067%	$2.7M	$4.3M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended ASTS-USD	+0.0040%	1h	61.525	+0.043%	$8K	$218K	10x	as long as short
Vest ASTS-USD-PERP	+0.0046%	1h	61.440	−0.096%	—	—	10x	as long as short
QFEX ASTS-USD	+0.0063%	1h	61.510	+0.018%	$1.2M	$1.8M	10x	as long as short
KuCoin ASTSUSDTM	+0.0100%	8h	61.480	−0.031%	$278K	$63K	20x	as long as short
GRVT ASTS_USDT_Perp	+0.0113%	8h	61.445	−0.088%	$556	$163K	10x	as long as short