Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.001%

Price spread now: Lighter against Aster+0.140%7-day average — · you sell dearer than you buy

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 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 airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.140% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it 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	Aster NOTUSDT	0.0004990	0.0100	pay 0.0050% / 4h	35m 46s	$14K	$13K	5x
Short	Lighter 1000NOT	0.0004997	0.0096	get 0.0012% / 1h	35m 46s	$11K	$5K	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 +0.140%Rate

Funding earned: −$0.84
Price spread: +0.140% → 0.000%: $14.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.19
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; 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 no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Aster and 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.

NOT on 16 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
Variational Omni NOT	−0.0142%	4h	0.0004997	+0.137%	$61K	$28K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.325%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0087%	4h	0.0004991	+0.020%	$113K	$17K	50x	as long as short
Lighter 1000NOTshort	+0.0096%	1h	0.0004997	+0.140%	$11K	$5K	3x
Hyperliquid NOT	+0.0100%	1h	0.0004990	0.000%	$366K	$67K	3x	as long as short
Aster NOTUSDTlong	+0.0100%	4h	0.0004990	long leg	$14K	$13K	5x
Binance NOTUSDT	+0.0100%	4h	0.0004986	−0.088%	$2.0M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004979	−0.220%	$2.1M	$896K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004984	−0.120%	$593K	$614K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0004981	−0.180%	$140K	$81K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0004985	−0.100%	$1.3M	$464K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0004985	−0.100%	$484K	$123K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0004988	−0.040%	$635K	$392K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0004984	−0.120%	—	$715K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004985	−0.100%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.6766%	1h	0.0005005	+0.302%	$48K	$9K	10x	as long as short