Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: OKX against Lighter−0.093%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.093%, 7d avg −0.048%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 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: OKX is 0.045% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7448	0.0096	pay 0.0012% / 1h	24m 30s	$922K	$884K	5x
Short	OKX ASTER-USDT-SWAP	0.7441	0.0100	get 0.0050% / 4h	24m 30s	$12.0M	$18.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0.84
Price spread: −0.093% → −0.048%: −$4.46
Slippage, 4 orders: −$22.87
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.48
Costs to cover: 0.329%
Break-even: 311.0 days

Slippage from Lighter: live order book, 51 min ago; OKX: live order book, 4 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, 51 min ago	4.51 bp	6.9 bp −$7	24.0 bp −$240	370.1 bp −$37.0K	doesn't fit
Sell OKX live order book, 4 min ago	0.67 bp	10.6 bp −$11	20.5 bp −$205	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
Coinbase International ASTER-PERP-INTX	−0.0136%	1h	0.7466	+0.243%	$261K	$857K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7443	−0.060%	$56.7M	$100.2M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7445	−0.039%	$13K	$61	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7444	−0.055%	$11K	$87K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0007%	1h	0.7443	−0.063%	$30K	—	150x	as long as short
Kraken Futures PF_ASTERUSD	+0.0017%	1h	0.7448	+0.006%	$336K	$485K	20x	as long as short
Injective ASTER/USDC PERP	+0.0045%	1h	0.7390	−0.777%	$9	$133K	5.5x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7448	long leg	$922K	$884K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7445	−0.039%	$373K	$268K	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7445	−0.044%	$255K	$104K	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	0.7442	−0.084%	$91.2M	$107.4M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7443	−0.066%	$49.8M	$22.1M	75x	as long as short
OKX ASTER-USDT-SWAPshort	+0.0100%	4h	0.7441	−0.093%	$12.0M	$18.9M	50x
Gate ASTER_USDT	+0.0100%	4h	0.7444	−0.052%	$6.4M	$5.1M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7445	−0.039%	$35.1M	$16.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7445	−0.038%	$11.1M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7443	−0.066%	$18.3M	$6.4M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7440	−0.106%	—	$9.7M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7443	−0.060%	$231K	$388K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7453	+0.064%	$2.1M	$372K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7458	+0.139%	$460K	$3.7M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7466	+0.243%	$67K	$714K	50x	as long as short
Orderly PERP_ASTER_USDC	+0.0100%	4h	0.7448	+0.001%	$14K	$845	10x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7455	+0.095%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7446	−0.026%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7440	−0.106%	$243K	$119K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7443	−0.059%	$380K	$635K	25x	as long as short
edgeX ASTERUSDC	+0.0106%	4h	0.7464	+0.216%	$215K	$1.9M	10x	as long as short
01 Exchange ASTERUSD	+0.0144%	1h	0.7443	−0.066%	$8K	$4K	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0305% / S −0.0215%	1h	0.7442	−0.073%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7442	−0.079%	$3.5M	$1.9M	75x	as long as short
Hyperliquid ASTER	+0.0351%	1h	0.7449	+0.014%	$25.9M	$6.9M	5x	as long as short