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

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Binance against Lighter−0.141%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno 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: Binance is 0.141% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000NOT0.00050330.0096pay 0.0012% / 1h58m 52s$11K$6K3x
ShortBinance NOTUSDT0.00050260.0100get 0.0050% / 4h58m 52s$2.1M$2.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$0.84
Price spread: −0.141% → 0.000%
−$14.11
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$23.27
Costs to cover
0.100%
Break-even
200.9 days
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.

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 no order-book sample
Sell Binance live order book, 7 min ago0.99 bp18.8 bp −$1997.3 bp −$973doesn't fitdoesn'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.

NOT on 16 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
Variational Omni NOT−0.0014%4h0.0005022−0.222%$71K$38Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.155%$1K$13K5.5xas long as short
Lighter 1000NOTlong+0.0096%1h0.0005033long leg$11K$6K3x
Hyperliquid NOT+0.0100%1h0.0005020−0.254%$337K$64K3xas long as short
Aster NOTUSDT+0.0100%4h0.0005024−0.173%$14K$9K5xas long as short
Binance NOTUSDTshort+0.0100%4h0.0005026−0.141%$2.1M$2.9M50x
Bybit NOTUSDT+0.0100%4h0.0005019−0.274%$2.1M$817K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005027−0.115%$640K$657K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005030−0.056%$139K$53K50xas long as short
MEXC NOT_USDT+0.0100%4h0.0005024−0.175%$1.4M$445K200xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NOTUSDTM+0.0100%4h0.0005021−0.234%$479K$131K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005031−0.036%$674K$453K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005023−0.195%$732Kas long as short
Extended kNOT-USD+0.0104%1h0.0005025−0.159%$4K5xas long as short
BloFin NOT-USDT+0.0138%4h0.0005027−0.115%$109K$18K50xas long as short
Kraken Futures PF_NOTUSD+0.0444%1h0.0005043+0.202%$49K$7K10xas long as short