Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h —

Price spread now: Aevo against Lighter−0.213%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aevo

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. Aevo is 0.213% cheaper against Lighter than usual: you would sell low and buy high (spread −0.213% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 9.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	271.94	0.0032	pay 0.0004% / 1h	3m 26s	—	—	10x
Short	Aevo BE-PERP	271.36	0.0104	get 0.0013% / 1h	3m 26s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.213%Rate

Funding earned: $15.12
Price spread: −0.213% → 0.000%: −$21.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.13
Costs to cover: 0.160%
Break-even: 17.2 days

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

Lighter and Aevo: 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	272.20	+0.094%	$343K	$131K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.94	+0.002%	$48K	$384K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.91	−0.012%	$8.1M	$37.9M	25x	as long as short
Bybit BEUSDT	0.0000%	8h	271.82	−0.044%	$2.0M	$1.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.02	+0.029%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	271.80	−0.051%	$1.3M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	271.97	+0.011%	$1.6M	$2.7M	20x	as long as short
SunX BE-USDT	0.0000%	8h	271.51	−0.158%	$1K	$2.1M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	271.47	−0.173%	$6K	$4K	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.73	−0.077%	$13K	$35K	20x	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	+0.0012%	1h	272.05	+0.040%	$1.3M	$2.2M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	267.79	−1.526%	$458K	$129K	10x	as long as short
Lighter BElong	+0.0032%	1h	271.94	long leg	—	—	10x
Lighter RH BE	+0.0032%	1h	272.08	+0.051%	$247K	$304K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.69	−0.092%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.99	+0.018%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0056%	1h	271.89	−0.018%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.67	−0.099%	$354K	$99K	20x	as long as short
Aevo BE-PERPshort	+0.0104%	1h	271.36	−0.213%	—	—	10x
BloFin BE-USDT	+0.0120%	8h	271.66	−0.103%	$46K	$152K	20x	as long as short
GRVT BE_USDT_Perp	+0.0196%	8h	271.57	−0.136%	$6K	$149K	10x	as long as short