Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h −0.106%

Price spread now: Lighter against Aster−0.240%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.240% cheaper against Aster than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EDGEUSDT	0.5995	0.0379	pay 0.0189% / 4h	3h 55m	$52K	$152K	5x
Short	Lighter EDGE	0.5980	0.0096	get 0.0012% / 1h	55m 20s	$44K	$22K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.240%Rate

Funding earned: −$59.38
Price spread: −0.240% → 0.000%: −$23.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$91.36
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 41 min ago; Lighter: no order-book sample. 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 Aster live order book, 41 min ago	5.82 bp	96.3 bp −$96	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 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
Lighter EDGEshort	+0.0096%	1h	0.5980	−0.240%	$44K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5986	−0.148%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5987	−0.131%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5998	+0.054%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5993	−0.039%	$189K	$145K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6010	+0.252%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.832%	$4K	$645K	10x	as long as short
KuCoin EDGEUSDTM	+0.0192%	4h	0.5988	−0.115%	$2.1M	$2.2M	50x	as long as short
GRVT EDGE_USDT_Perp	+0.0302%	4h	0.6007	+0.206%	$5K	$3.2M	10x	as long as short
Aster EDGEUSDTlong	+0.0379%	4h	0.5995	long leg	$52K	$152K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0518%	4h	0.5994	−0.015%	$671K	$106K	50x	as long as short
MEXC EDGE_USDT	+0.0566%	4h	0.5989	−0.098%	$1.1M	$716K	50x	as long as short
Binance EDGEUSDT	+0.0568%	4h	0.5986	−0.146%	$10.4M	$11.0M	50x	as long as short
Extended EDGE-USD	+0.0568%	1h	0.5990	−0.076%	$29K	$267K	5x	as long as short
edgeX EDGEUSDC	+0.0593%	4h	0.6006	+0.190%	$14.5M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0595%	4h	0.5992	−0.048%	$3.8M	$6.2M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0655%	4h	0.5993	−0.031%	$2K	$1K	10x	as long as short