Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance−0.135%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—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 pays, the price is against you. Lighter is 0.135% cheaper against Binance than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 14 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	273.37	0	get 0.0000% / 8h	1h 30m	$8.5M	$37.4M	25x
Short	Lighter BE	273.00	0.0032	get 0.0004% / 1h	30m 13s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.135%Rate

Funding earned: $6.72
Price spread: −0.135% → 0.000%: −$13.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.74
Costs to cover: 0.100%
Break-even: 24.4 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.18 bp	10.0 bp −$10	24.1 bp −$241	105.1 bp −$10.5K	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.

BE on 21 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
Aster BEUSDT	0.0000%	8h	273.19	−0.064%	$344K	$117K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.30	−0.024%	$46K	$270K	10x	as long as short
Binance BEUSDTlong	0.0000%	8h	273.37	long leg	$8.5M	$37.4M	25x
Bybit BEUSDT	0.0000%	8h	273.23	−0.050%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.00	−0.135%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.22	−0.054%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.15	−0.081%	$7K	$194K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.27	−0.036%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.40	+0.012%	$13K	$33K	20x	as long as short
Lighter BEshort	+0.0032%	1h	273.00	−0.135%	—	—	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.27	−0.036%	$249K	$424K	10x	as long as short
QFEX BE-USD	+0.0035%	1h	273.27	−0.036%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.03	−0.124%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.99	−0.138%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.24	−0.413%	$467K	$121K	10x	as long as short
OKX BE-USDT-SWAP	+0.0069%	8h	273.35	−0.007%	$2.6M	$6.8M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.93	−0.160%	$368K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.32	−0.017%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.23	−0.050%	$45K	$141K	20x	as long as short
tradeXYZ xyz:BE	+0.0169%	1h	273.13	−0.087%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0812%	1h	273.32	−0.018%	$6K	$4K	10x	as long as short