Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.108%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.108%, 7d avg +0.063%

Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.045% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ASTER-USDT	0.7325	0.0100	pay 0.0050% / 4h	3h 56m	—	$10.2M	—
Short	Lighter ASTER	0.7333	0.0096	get 0.0012% / 1h	56m 38s	$887K	$913K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$0.84
Price spread: +0.108% → +0.063%: $4.45
Slippage, 4 orders: −$23.6
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$29.99
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Lighter: live order book, 39 min ago.

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 BingX live order book, 12 min ago	2.05 bp	7.8 bp −$8	14.3 bp −$143	54.5 bp −$5,453	219.9 bp −$110.0K
Sell Lighter live order book, 39 min ago	5.60 bp	7.8 bp −$8	30.7 bp −$307	412.6 bp −$41.3K	doesn't fit

ASTER on 32 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
GRVT ASTER_USDT_Perp	−0.0144%	4h	0.7328	+0.043%	$449K	$4.1M	10x	as long as short
Deribit ASTER_USDC-PERPETUAL	−0.0132%	1h	0.7332	+0.100%	$11K	$56K	25x	as long as short
Bybit ASTERUSDT	−0.0041%	4h	0.7325	0.000%	$49.5M	$26.3M	75x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7328	+0.041%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7326	+0.010%	$51.6M	$112.6M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7336	+0.146%	$14K	$1K	5x	as long as short
Gate ASTER_USDT	0.0000%	4h	0.7330	+0.068%	$6.3M	$5.7M	75x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7333	+0.105%	$24K	—	150x	as long as short
Extended ASTER-USD	+0.0016%	1h	0.7326	+0.008%	$367K	$654K	25x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7330	+0.075%	$254K	$1.3M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.887%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0080%	4h	0.7331	+0.082%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7339	+0.186%	$337K	$641K	20x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7333	+0.108%	$887K	$913K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7329	+0.057%	$346K	$292K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7339	+0.186%	$25.1M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	+0.077%	$258K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7325	−0.006%	$92.5M	$130.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7323	−0.027%	$12.4M	$22.4M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7329	+0.055%	$34.9M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7333	+0.108%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7324	−0.014%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDTlong	+0.0100%	4h	0.7325	long leg	—	$10.2M	—
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7339	+0.194%	$210K	$475K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7335	+0.137%	$2.1M	$398K	—	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7331	+0.082%	$112K	$748K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7343	+0.246%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7333	+0.109%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7333	+0.109%	$245K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7329	+0.054%	$213K	$2.2M	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7333	+0.110%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7337	+0.164%	$3.6M	$2.1M	75x	as long as short