Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aster against Lighter−0.049%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$910.909% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.049%, 7d avg −0.029%

Together, before fees+0.061%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$6 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 0.020% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4408	0.0096	pay 0.0012% / 1h	56m 47s	$156K	$411K	10x
Short	Aster TIAUSDT	0.4406	0.0100	get 0.0050% / 4h	1h 56m	$32K	$245K	10x

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 −0.049%Rate

Funding earned: $0.84
Price spread: −0.049% → −0.029%: −$2.04
Slippage, 4 orders: −$82.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.09
Costs to cover: 0.909%
Break-even: 774.4 days

Slippage from Lighter: live order book, 63 min ago; Aster: live order book, 5 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, 63 min ago	2.18 bp	24.2 bp −$24	81.0 bp −$810	316.6 bp −$31.7K	doesn't fit
Sell Aster live order book, 5 min ago	2.27 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit

TIA on 26 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
Backpack TIA_USDC_PERP	−0.0147%	1h	0.4402	−0.129%	$102K	$149K	10x	as long as short
OKX TIA-USDT-SWAP	−0.0014%	4h	0.4415	+0.154%	$2.8M	$6.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4401	−0.163%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4403	−0.117%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0016%	4h	0.4402	−0.141%	$4.2M	$8.9M	50x	as long as short
dYdX TIA-USD	+0.0060%	1h	0.4405	−0.066%	$52K	$199	10x	as long as short
ApeX Omni TIAUSDT	+0.0073%	1h	0.4415	+0.154%	$50K	$233K	50x	as long as short
Kraken Futures PF_TIAUSD	+0.0075%	1h	0.4404	−0.095%	$360K	$209K	50x	as long as short
Lighter TIAlong	+0.0096%	1h	0.4408	long leg	$156K	$411K	10x
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4400	−0.186%	$5K	$317K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4423	+0.331%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDTshort	+0.0100%	4h	0.4406	−0.049%	$32K	$245K	10x
Binance TIAUSDT	+0.0100%	4h	0.4416	+0.180%	$14.5M	$42.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4412	+0.086%	$9.6M	$13.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4410	+0.041%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4416	+0.177%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4418	+0.222%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4414	+0.132%	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4409	+0.012%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4388	−0.458%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4406	−0.045%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4401	−0.152%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4396	−0.280%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.495%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0481% / S −0.1131%	1h	0.4403	−0.125%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4417	+0.200%	$27K	$10K	12x	as long as short