Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Gate−0.103%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.103% cheaper against Gate than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 11 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	Gate BE_USDT	272.00	0	get 0.0000% / 8h	2h 18m	$1.4M	$3.3M	50x
Short	Lighter BE	271.72	0.0032	get 0.0004% / 1h	18m 32s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.103%Rate

Funding earned: $6.72
Price spread: −0.103% → 0.000%: −$10.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.57
Costs to cover: 0.150%
Break-even: 26.3 days

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	3.69 bp	26.1 bp −$26	53.9 bp −$539	86.1 bp −$8,613	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
Bitget BEUSDT	−0.0128%	8h	272.03	+0.011%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	272.04	+0.013%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.12	+0.045%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.30	+0.110%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.33	+0.121%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDTlong	0.0000%	8h	272.00	long leg	$1.4M	$3.3M	50x
GRVT BE_USDT_Perp	0.0000%	8h	271.10	−0.330%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.73	−0.099%	$905	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.68	−0.118%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0010%	8h	272.04	+0.015%	$2.0M	$1.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0024%	1h	272.04	+0.015%	$1.3M	$2.5M	10x	as long as short
Lighter BEshort	+0.0032%	1h	271.72	−0.103%	—	—	10x
Lighter RH BE	+0.0032%	1h	271.92	−0.029%	$242K	$300K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.31	−0.254%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.46	−0.199%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.93	−0.026%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.518%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.87	−0.048%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.78	−0.079%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.60	−0.147%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0891%	1h	271.93	−0.026%	$6K	$4K	10x	as long as short