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: HTX against Lighter−0.119%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1361.362% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.119%, 7d avg −0.049%

Together, before fees−0.035%+ Points / potential airdropLighter: Season 3 · farm board−$4 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: HTX is 0.071% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7282	0.0096	pay 0.0012% / 1h	23m 57s	$884K	$921K	5x
Short	HTX ASTER-USDT	0.7273	0.0100	get 0.0050% / 4h	3h 23m	$243K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0.84
Price spread: −0.119% → −0.049%: −$7.07
Slippage, 4 orders: −$124.24
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$142.47
Costs to cover: 1.362%
Break-even: 1194.3 days

Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 8 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, 6 min ago	4.95 bp	6.3 bp −$6	28.9 bp −$289	424.1 bp −$42.4K	doesn't fit
Sell HTX live order book, 8 min ago	4.81 bp	23.6 bp −$24	doesn't fit	doesn't fit	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
Aster ASTERUSDT	0.0000%	4h	0.7289	+0.100%	$51.2M	$112.3M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7261	−0.289%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7278	−0.044%	$11K	$55K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7261	−0.284%	$23K	—	150x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7258	−0.331%	$252K	$1.3M	50x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+1.487%	$9	$133K	5.5x	as long as short
Bybit ASTERUSDT	+0.0041%	4h	0.7288	+0.087%	$49.3M	$26.2M	75x	as long as short
01 Exchange ASTERUSD	+0.0048%	1h	0.7274	−0.106%	$6K	$7K	10x	as long as short
Gate ASTER_USDT	+0.0050%	4h	0.7287	+0.073%	$6.3M	$5.8M	75x	as long as short
Extended ASTER-USD	+0.0056%	1h	0.7292	+0.135%	$365K	$654K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ASTER_USDC	+0.0079%	4h	0.7279	−0.037%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0096%	1h	0.7285	+0.039%	$334K	$641K	20x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7282	long leg	$884K	$921K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7273	−0.125%	$344K	$290K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7264	−0.243%	$256K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7291	+0.128%	$92.0M	$130.4M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7292	+0.141%	$12.3M	$22.3M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7288	+0.087%	$34.1M	$21.0M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7290	+0.110%	$11.0M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7288	+0.087%	$17.8M	$8.6M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7290	+0.114%	—	$10.3M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7284	+0.033%	$209K	$469K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7250	−0.434%	$2.1M	$427K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7266	−0.222%	$453K	$4.1M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7270	−0.161%	$111K	$730K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7281	−0.010%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7279	−0.037%	$13K	$8K	5x	as long as short
HTX ASTER-USDTshort	+0.0100%	4h	0.7273	−0.119%	$243K	$203K	20x
edgeX ASTERUSDC	+0.0109%	4h	0.7263	−0.257%	$212K	$2.2M	10x	as long as short
Hyperliquid ASTER	+0.0140%	1h	0.7285	+0.048%	$25.0M	$7.8M	5x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0303% / S −0.0215%	1h	0.7273	−0.119%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7260	−0.298%	$3.6M	$2.0M	75x	as long as short