ASTER

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.061%

Price spread now: Lighter against Hyperliquid−0.005%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.005%, 7d avg −0.055%

Together, before fees−0.139%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.049% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.055%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ASTER	0.7404	0.0195	pay 0.0024% / 1h	43m 32s	$25.8M	$6.7M	5x
Short	Lighter ASTER	0.7404	0.0096	get 0.0012% / 1h	43m 32s	$911K	$849K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$20.69
Price spread: −0.005% → −0.055%: $4.91
Slippage, 4 orders: −$18.04
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.82
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Lighter: live order book, 37 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 Hyperliquid live order book, 10 min ago	0.07 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 37 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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7402	−0.030%	$251K	$826K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7399	−0.070%	$56.5M	$99.6M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7401	−0.038%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7401	−0.040%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.078%	$9	$96K	5.5x	as long as short
Lighter ASTERshort	+0.0096%	1h	0.7404	−0.005%	$911K	$849K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7403	−0.016%	$370K	$273K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7400	−0.054%	$254K	$108K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7399	−0.070%	$90.6M	$106.6M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7400	−0.057%	$49.5M	$21.8M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7401	−0.043%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7400	−0.057%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7399	−0.070%	$34.3M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7399	−0.065%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7400	−0.057%	$18.2M	$6.3M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7400	−0.057%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7405	+0.005%	$264K	$323K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7384	−0.276%	$2.0M	$362K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7393	−0.158%	$460K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7395	−0.124%	$66K	$717K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7405	+0.011%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7414	+0.132%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7400	−0.057%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7399	−0.070%	$242K	$118K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7401	−0.040%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0112%	4h	0.7390	−0.192%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7402	−0.030%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7403	−0.010%	$285K	$420K	20x	as long as short
dYdX ASTER-USD	+0.0161%	1h	0.7403	−0.016%	$13K	$61	5x	as long as short
Hyperliquid ASTERlong	+0.0195%	1h	0.7404	long leg	$25.8M	$6.7M	5x
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7402	−0.031%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7393	−0.151%	$3.4M	$1.8M	75x	as long as short