Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Gate against Lighter+0.078%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 Gate

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 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: Gate is 0.078% dearer against Lighter than usual: you sell high and buy low, +$8 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 1000NOT	0.0005026	0.0096	pay 0.0012% / 1h	43m 02s	$11K	$4K	3x
Short	Gate NOT_USDT	0.0005030	0.0100	get 0.0050% / 4h	2h 43m	$138K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.078%Rate

Funding earned: $0.84
Price spread: +0.078% → 0.000%: $7.76
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$6.4
Costs to cover: 0.150%
Break-even: 60.3 days

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 63 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 Gate live order book, 63 min ago	10.83 bp	46.7 bp −$47	doesn't fit	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.

NOT on 16 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
Variational Omni NOT	−0.0166%	4h	0.0005044	+0.358%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0144%	4h	0.0005015	−0.221%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.026%	$1K	$13K	5.5x	as long as short
Lighter 1000NOTlong	+0.0096%	1h	0.0005026	long leg	$11K	$4K	3x
Hyperliquid NOT	+0.0100%	1h	0.0005020	−0.121%	$353K	$58K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005017	−0.187%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005015	−0.215%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005009	−0.340%	$2.1M	$883K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005017	−0.181%	$637K	$695K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0005030	+0.078%	$138K	$73K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005013	−0.261%	$1.3M	$444K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005019	−0.141%	$668K	$480K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005022	−0.082%	—	$728K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005013	−0.269%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0115%	4h	0.0005019	−0.141%	$110K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1684%	1h	0.0005028	+0.037%	$49K	$9K	10x	as long as short