Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%
Price spread now: Aster against Lighter+0.004%7-day average −0.102% · 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−$254as in the Price arb table
costs, in and out, $10k−$2642.643% of the position
Funding, last 5 days (all we have)−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.004%, 7d avg −0.102%
=Together, before fees−0.201%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$20 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: Aster is 0.106% dearer against Lighter than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.7235 | 0.0096 | pay 0.0012% / 1h | 9m 01s | $1.1M | $894K | 5x |
| Short | Aster ETHFIUSDT | 0.7235 | 0.0100 | get 0.0050% / 4h | 3h 09m | $185K | $256K | 10x |
Lighter ETHFI
Aster ETHFIUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.004% → −0.102%
- $10.63
- Slippage, 4 orders
- −$256.34
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$252.87
- Costs to cover
- 2.643%
- Break-even
- 2114.2 days
Slippage from Lighter: live order book, 2 min ago; Aster: live order book, 63 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, 2 min ago | 8.20 bp | 29.3 bp −$29 | 90.0 bp −$900 | doesn't fit | doesn't fit |
| Sell Aster live order book, 63 min ago | 7.72 bp | 30.9 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0718% | 4h | 0.7207 | −0.383% | $83K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7230 | −0.065% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0208% | 4h | 0.7228 | −0.093% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | +0.0005% | 4h | 0.7211 | −0.323% | $1.1M | $717K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0014% | 8h | 0.7230 | −0.061% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.073% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0086% | 4h | 0.7227 | −0.106% | $15.4M | $3.9M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0088% | 4h | 0.7222 | −0.173% | $25.2M | $36.4M | 75x | as long as short |
| Extended ETHFI-USD | +0.0088% | 1h | 0.7226 | −0.119% | $101K | $388K | 10x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.7235 | long leg | $1.1M | $894K | 5x |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7235 | 0.000% | $18.1M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDTshort | +0.0100% | 4h | 0.7235 | +0.004% | $185K | $256K | 10x | |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7224 | −0.148% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7229 | −0.079% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7231 | −0.051% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7233 | −0.023% | $1.2M | $263K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7221 | −0.189% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7227 | −0.106% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7238 | +0.046% | $72K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7232 | −0.037% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7227 | −0.108% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7245 | +0.142% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0218% | 1h | 0.7235 | −0.002% | $275K | $165K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0328% | 4h | 0.7227 | −0.106% | $1.3M | $270K | 75x | as long as short |
Hyperliquid ETHFI
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT