Settings8H · net · $10k
Funding arb · Price arb /

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0564%/8h= −61.8% APRpaid last 24h −0.228%
Price spread now: Bitget against Lighter−0.475%7-day average −0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1561.557% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.506%−$51 on $10k
Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.475%, 7d avg −0.201%
Together, before fees−0.353%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.274% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.201%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CC0.11790.0664pay 0.0083% / 1h32m 08s$252K$170K5x
ShortBitget CCUSDT0.11730.0100get 0.0050% / 4h2h 32m$918K$769K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
−$118.44
Price spread: −0.475% → −0.201%
−$27.36
Slippage, 4 orders
−$143.7
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$301.5
Costs to cover
1.557%
Break-even
never at this rate
Slippage from Lighter: live order book, 63 min ago; Bitget: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 63 min ago13.13 bp75.2 bp −$75375.9 bp −$3,759doesn't fitdoesn't fit
Sell Bitget live order book, 14 min ago3.82 bp36.1 bp −$3696.4 bp −$964doesn't fitdoesn't fit

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CC_USDT−0.0470%4h0.1173−0.551%$1.8M$333K100xas long as short
Bybit CCUSDT−0.0470%4h0.1173−0.517%$10.7M$3.8M25xas long as short
Injective CC/USDC PERP+0.0033%1h0.1180+0.076%$402$3K5.5xas long as short
Paradex CC-USD-PERP+0.0083%8h0.1173−0.502%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1175−0.314%$5.5M$1.3M3xas long as short
Aster CCUSDT+0.0100%4h0.1174−0.420%$35K$32K20xas long as short
Binance CCUSDT+0.0100%4h0.1173−0.541%$11.0M$11.8M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1173−0.483%$2.5M$3.1M20xas long as short
Gate CC_USDT+0.0100%4h0.1173−0.500%$364K$206K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1174−0.407%$484K$104K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDTshort+0.0100%4h0.1173−0.475%$918K$769K20x
BingX CC-USDT+0.0100%4h0.1174−0.441%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1173−0.500%$15K$23K10xas long as short
Variational Omni CC+0.0100%4h0.1176−0.300%$599K$56Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1175−0.342%$83K$2.7M10xas long as short
Derive CC-PERP+0.0100%1h0.1172−0.571%$6K$33K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1173−0.534%$596K$98K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0450% / S −0.0241%1h0.1174−0.426%$44K50xas long as short
Lighter CClong+0.0664%1h0.1179long leg$252K$170K5x