Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Lighter against Bitget−0.073%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.073% cheaper against Bitget than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.6 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	Bitget BEUSDT	274.02	0	get 0.0000% / 8h	54m 21s	$1.7M	$2.7M	20x
Short	Lighter BE	273.82	0.0032	get 0.0004% / 1h	54m 21s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.073%Rate

Funding earned: $6.72
Price spread: −0.073% → 0.000%: −$7.3
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.58
Costs to cover: 0.120%
Break-even: 20.1 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.64 bp	18.1 bp −$18	26.0 bp −$260	doesn't fit	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	273.72	−0.109%	$344K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.01	−0.004%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.90	−0.044%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTlong	0.0000%	8h	274.02	long leg	$1.7M	$2.7M	20x
SunX BE-USDT	0.0000%	8h	273.98	−0.015%	$918	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.84	−0.066%	$13K	$33K	20x	as long as short
Extended BE-USD	+0.0024%	1h	274.12	+0.036%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0025%	8h	274.13	+0.040%	$8.5M	$37.1M	25x	as long as short
Lighter BEshort	+0.0032%	1h	273.82	−0.073%	—	—	10x
Lighter RH BE	+0.0032%	1h	274.05	+0.011%	$250K	$380K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	273.86	−0.058%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.89	−0.047%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0062%	8h	273.66	−0.131%	$7K	$188K	10x	as long as short
QFEX BE-USD	+0.0073%	1h	274.06	+0.015%	$1.3M	$3.8M	10x	as long as short
BloFin BE-USDT	+0.0083%	8h	273.90	−0.044%	$45K	$141K	20x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	272.24	−0.650%	$467K	$120K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.79	−0.084%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.00	−0.006%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0169%	1h	273.92	−0.036%	$5.9M	$2.9M	10x	as long as short
OKX BE-USDT-SWAP	+0.0200%	8h	274.33	+0.113%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0699%	1h	274.11	+0.033%	$7K	$4K	10x	as long as short