Funding arb · Price arb /

ASTER

all ASTER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter+0.012%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2492.489% of the position

Long on Lighter Short on SunX

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)−0.109%−$11 · spread now +0.012%, 7d avg +0.073%

Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 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: SunX is 0.061% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7338	0.0096	pay 0.0012% / 1h	11m 03s	$894K	$907K	5x
Short	SunX ASTER-USDT	0.7339	0.0100	get 0.0050% / 4h	1h 11m	$3K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0.84
Price spread: +0.012% → +0.073%: −$6.06
Slippage, 4 orders: −$240.9
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$254.12
Costs to cover: 2.489%
Break-even: 2124.7 days

Slippage from Lighter: live order book, 49 min ago; SunX: 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, 49 min ago	4.34 bp	5.7 bp −$6	24.3 bp −$243	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	29.94 bp	124.2 bp −$124	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
Coinbase International ASTER-PERP-INTX	−0.0088%	1h	0.7338	0.000%	$270K	$879K	50x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7332	−0.083%	$54.4M	$101.9M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7335	−0.049%	$14K	$1K	5x	as long as short
Deribit ASTER_USDC-PERPETUAL	0.0000%	1h	0.7335	−0.044%	$11K	$71K	25x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7334	−0.054%	$24K	—	150x	as long as short
01 Exchange ASTERUSD	+0.0008%	1h	0.7335	−0.042%	$8K	$4K	10x	as long as short
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.707%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0082%	4h	0.7331	−0.097%	$14K	$845	10x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7338	long leg	$894K	$907K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7329	−0.121%	$367K	$250K	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	0.7346	+0.102%	$25.4M	$6.5M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7330	−0.106%	$255K	$73K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7336	−0.026%	$90.2M	$110.2M	75x	as long as short
Bybit ASTERUSDT	+0.0100%	4h	0.7335	−0.042%	$48.9M	$22.9M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7342	+0.053%	$12.1M	$18.5M	50x	as long as short
Gate ASTER_USDT	+0.0100%	4h	0.7333	−0.070%	$6.4M	$5.3M	75x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7332	−0.083%	$33.8M	$17.9M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7334	−0.060%	$10.9M	$3.1M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7334	−0.056%	$17.8M	$6.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7338	−0.001%	—	$9.5M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7339	+0.014%	$217K	$483K	10x	as long as short
Variational Omni ASTER	+0.0100%	4h	0.7329	−0.123%	$2.0M	$369K	—	as long as short
GRVT ASTER_USDT_Perp	+0.0100%	4h	0.7341	+0.040%	$458K	$3.8M	10x	as long as short
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7338	−0.001%	$70K	$716K	50x	as long as short
SunX ASTER-USDTshort	+0.0100%	4h	0.7339	+0.012%	$3K	$1.7M	20x
SoDEX ASTER-USD	+0.0100%	1h	0.7336	−0.029%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7332	−0.083%	$243K	$117K	20x	as long as short
Extended ASTER-USD	+0.0104%	1h	0.7334	−0.061%	$367K	$638K	25x	as long as short
edgeX ASTERUSDC	+0.0105%	4h	0.7335	−0.043%	$211K	$2.0M	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0244%	1h	0.7339	+0.016%	$337K	$491K	20x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7333	−0.069%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7335	−0.042%	$3.5M	$1.9M	75x	as long as short