Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Lighter+0.025%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bitget

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: Bitget is 0.025% dearer against Lighter than usual: you sell high and buy low, +$3 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	Lighter EDGE	0.5938	0.0096	pay 0.0012% / 1h	4m 56s	$43K	$19K	3x
Short	Bitget EDGEUSDT	0.5939	0.0100	get 0.0050% / 4h	4m 56s	$4.7M	$1.1M	20x

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

Position, each leg$Hold fordaysFee LighterbpFee BitgetbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0.84
Price spread: +0.025% → 0.000%: $2.53
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.63
Costs to cover: 0.120%
Break-even: 78.9 days

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 3 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	7.58 bp	31.3 bp −$31	330.3 bp −$3,303	doesn't fit	doesn't fit

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	−0.0119%	1h	0.5949	+0.195%	$58K	$111K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5938	long leg	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5935	−0.042%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5940	+0.042%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5939	+0.025%	$4.7M	$1.1M	20x
Variational Omni EDGE	+0.0100%	4h	0.5933	−0.076%	$188K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5944	+0.102%	$10K	$2.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5944	+0.109%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5908	−0.497%	$4K	$626K	10x	as long as short
edgeX EDGEUSDC	+0.0347%	4h	0.5945	+0.133%	$14.2M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0384%	4h	0.5955	+0.295%	$3.7M	$5.8M	20x	as long as short
Extended EDGE-USD	+0.0416%	1h	0.5944	+0.115%	$30K	$193K	5x	as long as short
Binance EDGEUSDT	+0.0419%	4h	0.5951	+0.219%	$10.2M	$10.5M	50x	as long as short
MEXC EDGE_USDT	+0.0420%	4h	0.5949	+0.194%	$1.1M	$903K	50x	as long as short
Aster EDGEUSDT	+0.0431%	4h	0.5945	+0.119%	$58K	$152K	5x	as long as short
BloFin EDGE-USDT	+0.0478%	4h	0.5946	+0.143%	$662K	$103K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0555%	4h	0.5945	+0.126%	$3K	$359	10x	as long as short