Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h +0.069%

Price spread now: Aster against Lighter+0.148%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Aster is 0.148% dearer against Lighter than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5962	0.0096	pay 0.0012% / 1h	58m 38s	$51K	$12K	3x
Short	Aster EDGEUSDT	0.5971	0.0605	get 0.0302% / 4h	3h 58m	$69K	$133K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.148%Rate

Funding earned: $106.83
Price spread: +0.148% → 0.000%: $14.84
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $113.67
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Aster: live order book, 12 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 no order-book sample	—	—	—	—	—
Sell Aster live order book, 12 min ago	7.56 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

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 EDGElong	+0.0096%	1h	0.5962	long leg	$51K	$12K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5975	+0.215%	$7.1M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5978	+0.265%	$4.8M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5979	+0.290%	$58K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5954	−0.143%	$190K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5965	+0.046%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5969	+0.114%	$9K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6249	+4.810%	$4K	$614K	10x	as long as short
KuCoin EDGEUSDTM	+0.0142%	4h	0.5975	+0.215%	$2.1M	$2.2M	50x	as long as short
BloFin EDGE-USDT	+0.0594%	4h	0.5989	+0.449%	$646K	$96K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDTshort	+0.0605%	4h	0.5971	+0.148%	$69K	$133K	5x
MEXC EDGE_USDT	+0.0628%	4h	0.5979	+0.282%	$1.2M	$911K	50x	as long as short
Binance EDGEUSDT	+0.0629%	4h	0.5972	+0.164%	$10.1M	$10.1M	50x	as long as short
Extended EDGE-USD	+0.0632%	1h	0.5968	+0.103%	$27K	$224K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0648%	4h	0.5971	+0.148%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0670%	4h	0.5966	+0.058%	$14.2M	$3.5M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0746%	4h	0.5979	+0.282%	$3K	—	10x	as long as short