Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.063%

Price spread now: Lighter against BloFin+0.118%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.118%, 7d avg +0.044%

Together, before fees−0.382%+ Points / potential airdropLighter: Season 3 · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.074% dearer against BloFin than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.044%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ASTER-USDT	0.7404	0.0340	pay 0.0170% / 4h	2h 08m	$3.5M	$1.8M	75x
Short	Lighter ASTER	0.7413	0.0096	get 0.0012% / 1h	8m 45s	$912K	$852K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$51.24
Price spread: +0.118% → +0.044%: $7.4
Slippage, 4 orders: −$18.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$74.75
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Lighter: live order book, 12 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 BloFin live order book, 10 min ago	0.67 bp	7.5 bp −$8	12.5 bp −$125	38.4 bp −$3,842	doesn't fit
Sell Lighter live order book, 12 min ago	4.10 bp	5.6 bp −$6	30.0 bp −$300	423.0 bp −$42.3K	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
Deribit ASTER_USDC-PERPETUAL	−0.0168%	1h	0.7409	+0.074%	$11K	$87K	25x	as long as short
Coinbase International ASTER-PERP-INTX	−0.0160%	1h	0.7407	+0.042%	$251K	$828K	50x	as long as short
Injective ASTER/USDC PERP	−0.0072%	1h	0.7410	+0.081%	$9	$96K	5.5x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7408	+0.054%	$56.7M	$99.9M	200x	as long as short
dYdX ASTER-USD	+0.0002%	1h	0.7412	+0.115%	$13K	$61	5x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7410	+0.084%	$30K	—	150x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7413	+0.118%	$912K	$852K	5x
Orderly PERP_ASTER_USDC	+0.0099%	4h	0.7417	+0.176%	$14K	$845	10x	as long as short
Nado ASTER-PERP	+0.0100%	1h	0.7413	+0.122%	$370K	$275K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7411	+0.098%	$254K	$108K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ASTERUSDT	+0.0100%	4h	0.7407	+0.046%	$90.7M	$106.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7411	+0.095%	$49.5M	$21.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7408	+0.054%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7409	+0.068%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7408	+0.054%	$34.0M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7410	+0.078%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7408	+0.054%	$18.1M	$6.2M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7408	+0.054%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7410	+0.088%	$265K	$324K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7410	+0.085%	$2.1M	$363K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7413	+0.115%	$455K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7413	+0.122%	$66K	$716K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7416	+0.162%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7408	+0.054%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7411	+0.095%	$242K	$118K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7409	+0.074%	$214K	$1.9M	10x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7412	+0.112%	$378K	$635K	25x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7412	+0.108%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0262%	1h	0.7416	+0.162%	$285K	$419K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7410	+0.080%	$28K	—	100x	as long as short
BloFin ASTER-USDTlong	+0.0340%	4h	0.7404	long leg	$3.5M	$1.8M	75x
Hyperliquid ASTER	+0.0475%	1h	0.7419	+0.199%	$26.0M	$6.6M	5x	as long as short