Funding arb · Price arb /

LIGHT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.021%

Price spread now: Gate against SunX+0.165%7-day average +0.092% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.165%, 7d avg +0.092%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.073% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIGHT-USDT	0.1821	0.0100	pay 0.0050% / 4h	3h 44m	$1K	$1.4M	20x
Short	Gate LIGHT_USDT	0.1824	0.0261	get 0.0261% / 8h	7h 44m	$2.3M	$551K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.165%Rate

Funding earned: $33.81
Price spread: +0.165% → +0.092%: $7.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $18.13
Costs to cover: 0.230%
Break-even: 3.2 days

Slippage unknown: SunX: live order book, 10 min ago; Gate: 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 SunX live order book, 10 min ago	496.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.75 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit

LIGHT on 9 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
SunX LIGHT-USDTlong	+0.0100%	4h	0.1821	long leg	$1K	$1.4M	20x
Gate LIGHT_USDTshort	+0.0261%	8h	0.1824	+0.165%	$2.3M	$551K	10x
OKX LIGHT-USDT-SWAP	+0.0282%	4h	0.1826	+0.275%	$917K	$1.3M	10x	as long as short
Aster LIGHTUSDT	+0.0493%	4h	0.1825	+0.196%	$22K	$6K	5x	as long as short
BloFin LIGHT-USDT	+0.0575%	4h	0.1823	+0.110%	$237K	$12K	10x	as long as short
MEXC LIGHT_USDT	+0.0576%	4h	0.1824	+0.165%	$1.4M	$287K	50x	as long as short
Binance LIGHTUSDT	+0.0584%	4h	0.1825	+0.215%	$4.2M	$3.0M	10x	as long as short
KuCoin LIGHTUSDTM	+0.0650%	4h	0.1822	+0.077%	$2.0M	$2.6M	10x	as long as short
Bybit LIGHTUSDT	+0.2081%	4h	0.1825	+0.203%	$2.2M	$603K	13x	as long as short