Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.031%

Price spread now: Lighter RH against Gate+0.153%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.459%−$46 · spread now +0.153%, 7d avg −0.001%

Together, before fees−0.472%+ Points / potential airdropLighter RH: Points live · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.154% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	275.30	0	get 0.0000% / 8h	4h 43m	$1.5M	$3.3M	50x
Short	Lighter RH BE	275.72	0.0032	get 0.0004% / 1h	43m 42s	$252K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.153%Rate

Funding earned: $6.72
Price spread: +0.153% → −0.001%: $15.38
Slippage, 4 orders: −$24.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.89
Costs to cover: 0.400%
Break-even: 25.6 days

Slippage from Gate: live order book, 4 min ago; Lighter RH: live order book, 13 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 Gate live order book, 4 min ago	3.63 bp	13.4 bp −$13	56.2 bp −$562	91.7 bp −$9,168	doesn't fit
Sell Lighter RH live order book, 13 min ago	1.45 bp	3.7 bp −$4	14.4 bp −$144	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	275.27	−0.010%	$346K	$119K	20x	as long as short
Gate BE_USDTlong	0.0000%	8h	275.30	long leg	$1.5M	$3.3M	50x
Bitget BEUSDT	0.0000%	8h	275.61	+0.113%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.51	+0.075%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.36	+0.022%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.47	+0.062%	$13K	$34K	20x	as long as short
Lighter BE	+0.0032%	1h	275.57	+0.098%	—	—	10x	as long as short
Lighter RH BEshort	+0.0032%	1h	275.72	+0.153%	$252K	$289K	10x
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.806%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.31	+0.004%	$115K	$109K	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	275.48	+0.065%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.61	+0.113%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.57	+0.098%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0071%	8h	275.89	+0.214%	$8.5M	$36.3M	25x	as long as short
Extended BE-USD	+0.0072%	1h	275.82	+0.188%	$46K	$256K	10x	as long as short
Bybit BEUSDT	+0.0077%	8h	275.77	+0.171%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.66	+0.131%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.48	+0.066%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0124%	8h	275.76	+0.167%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0192%	8h	275.38	+0.029%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0549%	1h	275.50	+0.073%	$7K	$4K	10x	as long as short