Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Binance against Lighter+0.039%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Binance

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

The price spread pays, funding is against you. Binance is 0.039% dearer against Lighter than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	272.33	0.0032	pay 0.0004% / 1h	25m 13s	—	—	10x
Short	Binance BEUSDT	272.44	0	get 0.0000% / 8h	2h 25m	$8.5M	$37.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$6.72
Price spread: +0.039% → 0.000%: $3.92
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 2 min ago. 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 Binance live order book, 2 min ago	1.47 bp	15.9 bp −$16	45.4 bp −$454	128.7 bp −$12.9K	doesn't fit

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	272.60	+0.099%	$343K	$116K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.42	+0.035%	$46K	$270K	10x	as long as short
Binance BEUSDTshort	0.0000%	8h	272.44	+0.039%	$8.5M	$37.4M	25x
Bybit BEUSDT	0.0000%	8h	272.38	+0.018%	$2.0M	$1.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	272.51	+0.066%	$2.6M	$6.7M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.20	−0.048%	$1.5M	$3.8M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.39	+0.022%	$1.7M	$2.7M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.29	−0.016%	$7K	$201K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.43	+0.037%	$1K	$2.6M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	272.46	+0.048%	$6K	$4K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BE-USDT	0.0000%	8h	272.45	+0.044%	$13K	$33K	20x	as long as short
Coinbase International BE-PERP-INTX	+0.0008%	1h	272.24	−0.033%	$467K	$121K	10x	as long as short
Lighter BElong	+0.0032%	1h	272.33	long leg	—	—	10x
Lighter RH BE	+0.0032%	1h	272.42	+0.033%	$248K	$481K	10x	as long as short
QFEX BE-USD	+0.0038%	1h	272.49	+0.059%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.30	−0.011%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.30	−0.011%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0055%	1h	272.30	−0.011%	$5.8M	$2.9M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.39	+0.022%	$367K	$24K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.42	+0.032%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.49	+0.059%	$45K	$141K	20x	as long as short