Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.014%
Price spread now: Lighter against Aster+0.136%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 5 days (all we have)+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.136%, 7d avg +0.104%
=Together, before fees+0.058%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.032% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ETHFIUSDT | 0.7233 | 0.0044 | pay 0.0022% / 4h | 48m 44s | $185K | $261K | 10x |
| Short | Lighter ETHFI | 0.7243 | 0.0096 | get 0.0012% / 1h | 48m 44s | $1.1M | $896K | 5x |
Aster ETHFIUSDT
Lighter ETHFIFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.97
- Price spread: +0.136% → +0.104%
- $3.19
- Slippage, 4 orders
- −$89.09
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.93
- Costs to cover
- 0.971%
- Break-even
- 59.9 days
Slippage from Aster: live order book, 28 min ago; Lighter: live order book, 2 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 Aster live order book, 28 min ago | 5.58 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 7.94 bp | 35.6 bp −$36 | 95.1 bp −$951 | doesn't fit | doesn't fit |
ETHFI on 24 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 ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7234 | +0.017% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0338% | 4h | 0.7219 | −0.191% | $84K | $164K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0192% | 4h | 0.7231 | −0.025% | $17K | $1K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0030% | 4h | 0.7234 | +0.017% | $15.3M | $3.8M | 125x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7233 | −0.001% | $94K | $493K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0032% | 4h | 0.7232 | −0.010% | $25.1M | $37.2M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.100% | $321 | $51K | 5.5x | as long as short |
| Aster ETHFIUSDTlong | +0.0044% | 4h | 0.7233 | long leg | $185K | $261K | 10x | |
| Paradex ETHFI-USD-PERP | +0.0049% | 8h | 0.7231 | −0.030% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7230 | −0.039% | $9K | — | 3x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
MEXC ETHFI_USDT
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFIshort | +0.0096% | 1h | 0.7243 | +0.136% | $1.1M | $896K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7242 | +0.133% | $18.3M | $8.9M | 5x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7234 | +0.017% | $18.4M | $13.0M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7238 | +0.072% | $5.0M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7236 | +0.044% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7233 | +0.003% | $1.2M | $273K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7231 | −0.025% | $6.2M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7235 | +0.030% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7232 | −0.017% | $1.0M | $729K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7236 | +0.042% | $60K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7233 | +0.003% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0120% | 4h | 0.7235 | +0.030% | $1.3M | $295K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0216% | 1h | 0.7237 | +0.058% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0547% | 1h | 0.7240 | +0.096% | $279K | $159K | 20x | as long as short |
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD