Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget−0.227%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: 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 0.227% cheaper against Bitget than usual: you would sell low and buy high, −$23 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	Bitget EDGEUSDT	0.5868	0.0100	pay 0.0050% / 4h	2h 13m	$4.7M	$990K	20x
Short	Lighter EDGE	0.5855	0.0096	get 0.0012% / 1h	13m 25s	$54K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee LighterbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$0.84
Price spread: −0.227% → 0.000%: −$22.67
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; 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 Bitget live order book, 5 min ago	3.40 bp	43.0 bp −$43	507.4 bp −$5,074	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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.

EDGE on 17 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 EDGE_USDC_PERP	−0.0145%	1h	0.5870	+0.032%	$59K	$100K	3.3x	as long as short
Lighter EDGEshort	+0.0096%	1h	0.5855	−0.227%	$54K	$9K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5864	−0.068%	$7.0M	$3.2M	25x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5868	long leg	$4.7M	$990K	20x
Variational Omni EDGE	+0.0100%	4h	0.5862	−0.098%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.137%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5871	+0.051%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6133	+4.516%	$4K	$602K	10x	as long as short
KuCoin EDGEUSDTM	+0.0154%	4h	0.5867	−0.017%	$2.1M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0387%	4h	0.5866	−0.038%	$67K	$134K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0399%	4h	0.5868	0.000%	$629K	$126K	50x	as long as short
Extended EDGE-USD	+0.0408%	1h	0.5866	−0.030%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0410%	4h	0.5872	+0.068%	$1.2M	$930K	50x	as long as short
Binance EDGEUSDT	+0.0411%	4h	0.5873	+0.085%	$10.0M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0423%	4h	0.5872	+0.068%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0427%	4h	0.5868	−0.006%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0458%	4h	0.5867	−0.017%	$3K	—	10x	as long as short