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 −0.007%

Price spread now: Variational Omni against Lighter+0.142%7-day average −0.090% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.142%, 7d avg −0.090%

Together, before fees−0.291%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$29 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: Variational Omni is 0.232% dearer against Lighter than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ASTER	0.7325	0.0096	pay 0.0012% / 1h	56m 07s	$890K	$919K	5x
Short	Variational Omni ASTER	0.7335	0.0100	get 0.0050% / 4h	3h 56m	$2.1M	$398K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.142%Rate

Funding earned: $0.84
Price spread: +0.142% → −0.090%: $23.22
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $24.06
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 39 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 39 min ago	5.60 bp	9.2 bp −$9	26.0 bp −$260	457.1 bp −$45.7K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.09 bp	doesn't fit	43.6 bp −$436	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
Deribit ASTER_USDC-PERPETUAL	−0.0173%	1h	0.7320	−0.059%	$11K	$56K	25x	as long as short
GRVT ASTER_USDT_Perp	−0.0144%	4h	0.7328	+0.049%	$449K	$4.1M	10x	as long as short
Bybit ASTERUSDT	−0.0041%	4h	0.7314	−0.145%	$49.5M	$26.3M	75x	as long as short
01 Exchange ASTERUSD	−0.0024%	1h	0.7328	+0.046%	$6K	$7K	10x	as long as short
Aster ASTERUSDT	0.0000%	4h	0.7313	−0.163%	$51.5M	$112.7M	200x	as long as short
dYdX ASTER-USD	0.0000%	1h	0.7336	+0.152%	$14K	$1K	5x	as long as short
Gate ASTER_USDT	0.0000%	4h	0.7320	−0.063%	$6.3M	$5.7M	75x	as long as short
gTrade (Gains Network) ASTER/USD	L +0.0006% / S −0.0005%	1h	0.7324	−0.002%	$24K	—	150x	as long as short
Extended ASTER-USD	+0.0008%	1h	0.7323	−0.021%	$367K	$654K	25x	as long as short
Coinbase International ASTER-PERP-INTX	+0.0016%	1h	0.7330	+0.081%	$254K	$1.3M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ASTER/USDC PERP	+0.0033%	1h	0.7390	+0.893%	$9	$133K	5.5x	as long as short
Orderly PERP_ASTER_USDC	+0.0080%	4h	0.7324	−0.008%	$13K	$1K	10x	as long as short
Kraken Futures PF_ASTERUSD	+0.0095%	1h	0.7325	0.000%	$336K	$641K	20x	as long as short
Lighter ASTERlong	+0.0096%	1h	0.7325	long leg	$890K	$919K	5x
Nado ASTER-PERP	+0.0100%	1h	0.7329	+0.062%	$346K	$292K	5x	as long as short
Hyperliquid ASTER	+0.0100%	1h	0.7325	+0.008%	$25.1M	$8.1M	5x	as long as short
Pacifica ASTER	+0.0100%	1h	0.7331	+0.082%	$258K	$113K	10x	as long as short
Binance ASTERUSDT	+0.0100%	4h	0.7311	−0.187%	$92.4M	$130.8M	75x	as long as short
OKX ASTER-USDT-SWAP	+0.0100%	4h	0.7311	−0.186%	$12.4M	$22.3M	50x	as long as short
MEXC ASTER_USDT	+0.0100%	4h	0.7321	−0.049%	$34.9M	$20.6M	100x	as long as short
KuCoin ASTERUSDTM	+0.0100%	4h	0.7326	+0.014%	$11.1M	$3.4M	75x	as long as short
Bitget ASTERUSDT	+0.0100%	4h	0.7310	−0.199%	$17.9M	$8.7M	50x	as long as short
BingX ASTER-USDT	+0.0100%	4h	0.7317	−0.104%	—	$10.2M	—	as long as short
Backpack ASTER_USDC_PERP	+0.0100%	1h	0.7320	−0.063%	$210K	$475K	10x	as long as short
Variational Omni ASTERshort	+0.0100%	4h	0.7335	+0.142%	$2.1M	$398K	—
ApeX Omni ASTERUSDT	+0.0100%	1h	0.7331	+0.087%	$112K	$748K	50x	as long as short
SunX ASTER-USDT	+0.0100%	4h	0.7330	+0.074%	$2K	$1.7M	20x	as long as short
SoDEX ASTER-USD	+0.0100%	1h	0.7319	−0.076%	$13K	$8K	5x	as long as short
HTX ASTER-USDT	+0.0100%	4h	0.7326	+0.019%	$245K	$203K	20x	as long as short
edgeX ASTERUSDC	+0.0101%	4h	0.7329	+0.059%	$213K	$2.2M	10x	as long as short
GMX ASTER/USD [WBTC.b-USDC]	L +0.0304% / S −0.0215%	1h	0.7322	−0.029%	$28K	—	100x	as long as short
BloFin ASTER-USDT	+0.0340%	4h	0.7337	+0.169%	$3.6M	$2.1M	75x	as long as short