Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1038%/8h= +113.7% APRpaid last 24h —

Price spread now: Lighter against GRVT−0.069%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.069% cheaper against GRVT than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BE_USDT_Perp	268.97	−0.1006	get 0.1006% / 8h	7h 52m	$6K	$153K	10x
Short	Lighter BE	268.79	0.0032	get 0.0004% / 1h	52m 50s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $217.98
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $202.12
Costs to cover: 0.090%
Break-even: 0.5 days

Slippage unknown: GRVT: live order book, 40 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 GRVT live order book, 40 min ago	2.21 bp	18.0 bp −$18	doesn't fit	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
GRVT BE_USDT_Perplong	−0.1006%	8h	268.97	long leg	$6K	$153K	10x
Bybit BEUSDT	−0.0345%	8h	269.14	+0.062%	$1.9M	$1.2M	25x	as long as short
Gate BE_USDT	−0.0211%	8h	269.10	+0.047%	$1.3M	$3.2M	50x	as long as short
tradeXYZ xyz:BE	−0.0105%	1h	269.09	+0.043%	$5.8M	$2.8M	10x	as long as short
Deribit BE_USDC-PERPETUAL	−0.0047%	1h	268.92	−0.020%	$6K	$4K	10x	as long as short
Bitget BEUSDT	−0.0034%	8h	269.24	+0.099%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	269.16	+0.069%	$340K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	269.07	+0.037%	$47K	$384K	10x	as long as short
Binance BEUSDT	0.0000%	8h	269.11	+0.050%	$8.1M	$37.1M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	269.17	+0.073%	$2.6M	$6.8M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BE-USDT	0.0000%	8h	268.81	−0.061%	$1K	$2.2M	10x	as long as short
HTX BE-USDT	0.0000%	8h	267.94	−0.385%	$12K	$35K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	268.50	−0.176%	$1.3M	$2.3M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	270.47	+0.556%	$473K	$112K	10x	as long as short
Lighter BEshort	+0.0032%	1h	268.79	−0.069%	—	—	10x
Lighter RH BE	+0.0032%	1h	268.86	−0.043%	$244K	$303K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	268.52	−0.169%	$113K	$93K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	268.35	−0.232%	—	—	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	269.13	+0.058%	$349K	$45K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	268.97	0.000%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	268.76	−0.080%	$46K	$144K	20x	as long as short