Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0287%/8h= −31.4% APRpaid last 24h −0.035%

Price spread now: Lighter RH against BloFin−0.011%91s7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now −0.011%, 7d avg −0.076%

Together, before fees−0.372%+ Points / potential airdropLighter RH: Points live · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.065% dearer against BloFin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.076%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.220% in total) that is about 2.1 days. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BE-USDT	275.32	0.0319	pay 0.0319% / 8h	7h 05m	$45K	$141K	20x
Short	Lighter RH BE	275.29	0.0032	get 0.0004% / 1h	5m 27s	$251K	$300K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against BloFin. 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 BloFinbpFee Lighter RHbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$60.3
Price spread: −0.011% → −0.076%: $6.5
Slippage, 4 orders: −$19.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$85.52
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from BloFin: live order book, 51 min ago; Lighter RH: live order book, 2 min ago.

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 BloFin live order book, 51 min ago	2.18 bp	10.8 bp −$11	21.9 bp −$219	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.18 bp	3.0 bp −$3	14.5 bp −$145	doesn't fit	doesn't fit

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	275.10	−0.078%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.10	−0.080%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.33	+0.004%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.31	−0.004%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.35	+0.011%	$13K	$33K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0004%	1h	275.36	+0.015%	$7K	$4K	10x	as long as short
Lighter BE	+0.0032%	1h	275.19	−0.047%	—	—	10x	as long as short
Lighter RH BEshort	+0.0032%	1h	275.29	−0.011%	$251K	$300K	10x
QFEX BE-USD	+0.0037%	1h	275.39	+0.025%	$1.3M	$3.5M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.10	−0.080%	$115K	$112K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.47	+0.054%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.28	−0.015%	$6.0M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0084%	8h	275.24	−0.029%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.44	+0.044%	$372K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.31	−0.004%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	274.76	−0.203%	$475K	$132K	10x	as long as short
Extended BE-USD	+0.0200%	1h	275.37	+0.020%	$47K	$260K	10x	as long as short
Binance BEUSDT	+0.0201%	8h	275.45	+0.046%	$8.6M	$36.3M	25x	as long as short
OKX BE-USDT-SWAP	+0.0258%	8h	275.45	+0.047%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDTlong	+0.0319%	8h	275.32	long leg	$45K	$141K	20x
GRVT BE_USDT_Perp	+0.0593%	8h	275.29	−0.011%	$7K	$173K	10x	as long as short