Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Lighter against HTX−0.113%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.113% cheaper against HTX than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 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	HTX BE-USDT	275.47	0	get 0.0000% / 8h	4h 46m	$13K	$34K	20x
Short	Lighter BE	275.16	0.0032	get 0.0004% / 1h	46m 08s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.113%Rate

Funding earned: $6.72
Price spread: −0.113% → 0.000%: −$11.25
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.53
Costs to cover: 0.120%
Break-even: 24.2 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

HTX and 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	275.27	−0.072%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.10	−0.134%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.43	−0.015%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.51	+0.014%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.45	−0.007%	$1K	$2.4M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	275.47	long leg	$13K	$34K	20x
Lighter BEshort	+0.0032%	1h	275.16	−0.113%	—	—	10x
Lighter RH BE	+0.0032%	1h	275.30	−0.062%	$251K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.868%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.28	−0.069%	$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	275.42	−0.018%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.22	−0.091%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.39	−0.029%	$1.3M	$2.7M	10x	as long as short
Extended BE-USD	+0.0072%	1h	275.36	−0.041%	$46K	$256K	10x	as long as short
Binance BEUSDT	+0.0072%	8h	275.41	−0.022%	$8.5M	$36.3M	25x	as long as short
Bybit BEUSDT	+0.0074%	8h	275.40	−0.025%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.30	−0.062%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.36	−0.039%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0127%	8h	275.50	+0.011%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0193%	8h	275.38	−0.033%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0550%	1h	275.39	−0.029%	$7K	$4K	10x	as long as short