Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%

Price spread now: Binance against Lighter−0.060%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.060%, 7d avg −0.043%

Together, before fees+0.002%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7392	0.0096	pay 0.0012% / 1h	31m 36s	$911K	$859K	5x
Short	Binance ASTERUSDT	0.7388	0.0100	get 0.0050% / 4h	1h 31m	$90.5M	$106.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.84
Price spread: −0.060% → −0.043%: −$1.76
Slippage, 4 orders: −$18.97
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.89
Costs to cover: 0.290%
Break-even: 256.1 days

Slippage from Lighter: live order book, 49 min ago; Binance: live order book, 11 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 Lighter live order book, 49 min ago	4.10 bp	7.4 bp −$7	28.4 bp −$284	391.9 bp −$39.2K	doesn't fit
Sell Binance live order book, 11 min ago	0.68 bp	8.2 bp −$8	16.3 bp −$163	65.8 bp −$6,580	268.5 bp −$134.2K

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	0.7393	+0.011%	$260K	$842K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7391	−0.022%	$56.5M	$99.8M	200x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7394	+0.016%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7393	+0.014%	$30K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0023%	1h	0.7410	+0.238%	$9	$96K	5.5x	as long as short
dYdX ASTER-USD	+0.0092%	1h	0.7394	+0.022%	$13K	$61	5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7392	long leg	$911K	$859K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7395	+0.034%	$370K	$274K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7391	−0.024%	$253K	$107K	10x	as long as short
Binance ASTERUSDTshort	+0.0100%	4h	0.7388	−0.060%	$90.5M	$106.9M	75x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ASTERUSDT	+0.0100%	4h	0.7387	−0.073%	$49.4M	$21.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7387	−0.073%	$11.9M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7389	−0.046%	$6.3M	$5.0M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7389	−0.046%	$34.2M	$16.3M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7385	−0.103%	$11.0M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7384	−0.114%	$18.1M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7385	−0.100%	—	$9.6M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7392	−0.008%	$262K	$325K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7397	+0.057%	$2.1M	$366K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7396	+0.052%	$455K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7398	+0.076%	$66K	$716K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7392	−0.005%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7402	+0.130%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7393	+0.008%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7395	+0.035%	$242K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7385	−0.104%	$376K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0114%	4h	0.7394	+0.021%	$213K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0136%	1h	0.7390	−0.032%	$8K	$4K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0147%	1h	0.7397	+0.058%	$280K	$428K	20x	as long as short
Hyperliquid ASTER	+0.0161%	1h	0.7399	+0.084%	$25.7M	$6.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7393	+0.013%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7395	+0.035%	$3.4M	$1.9M	75x	as long as short