Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: BloFin against Lighter−0.085%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.085%, 7d avg −0.049%

Together, before fees+0.356%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.036% cheaper against Lighter than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.049%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7290	0.0096	pay 0.0012% / 1h	20m 57s	$882K	$921K	5x
Short	BloFin ASTER-USDT	0.7284	0.0340	get 0.0170% / 4h	20m 57s	$3.4M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $51.24
Price spread: −0.085% → −0.049%: −$3.6
Slippage, 4 orders: −$28.08
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.56
Costs to cover: 0.401%
Break-even: 6.0 days

Slippage from Lighter: live order book, 34 min ago; BloFin: live order book, 2 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, 34 min ago	5.30 bp	6.6 bp −$7	29.2 bp −$292	395.4 bp −$39.5K	doesn't fit
Sell BloFin live order book, 2 min ago	2.06 bp	8.5 bp −$9	12.8 bp −$128	38.9 bp −$3,889	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	−0.0072%	1h	0.7287	−0.038%	$254K	$988K	50x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7284	−0.085%	$8K	$4K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7286	−0.058%	$53.0M	$109.8M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7292	+0.019%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7289	−0.015%	$11K	$72K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0008%	1h	0.7287	−0.050%	$31K	—	150x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.369%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0068%	4h	0.7281	−0.126%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7290	long leg	$882K	$921K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7285	−0.071%	$359K	$264K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ASTER	+0.0100%	1h	0.7296	+0.073%	$25.3M	$7.0M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7287	−0.048%	$254K	$80K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7286	−0.058%	$89.3M	$119.1M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7284	−0.085%	$48.8M	$24.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7288	−0.030%	$12.2M	$19.6M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7289	−0.016%	$6.4M	$5.6M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7286	−0.058%	$33.3M	$18.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7289	−0.011%	$10.8M	$3.3M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7285	−0.071%	$17.7M	$7.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7286	−0.058%	—	$9.8M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7289	−0.019%	$218K	$493K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7285	−0.069%	$2.1M	$395K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7293	+0.043%	$452K	$3.9M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7291	+0.011%	$99K	$731K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7291	+0.011%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7289	−0.016%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7285	−0.071%	$242K	$141K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7283	−0.093%	$365K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0108%	4h	0.7292	+0.023%	$211K	$2.1M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0283%	1h	0.7294	+0.057%	$341K	$580K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7285	−0.071%	$28K	—	100x	as long as short
BloFin ASTER-USDTshort	+0.0340%	4h	0.7284	−0.085%	$3.4M	$2.1M	75x