Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0165%/8h= −18.1% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.147%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 Bitget

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. Bitget is 0.147% dearer against Lighter than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	271.23	0.0032	pay 0.0004% / 1h	21m 49s	—	—	10x
Short	Bitget BEUSDT	271.63	−0.0133	pay 0.0133% / 8h	2h 21m	$1.6M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$34.65
Price spread: +0.147% → 0.000%: $14.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	3.51 bp	20.2 bp −$20	32.0 bp −$320	doesn't fit	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
Bitget BEUSDTshort	−0.0133%	8h	271.63	+0.147%	$1.6M	$2.6M	20x
Aster BEUSDT	0.0000%	8h	272.03	+0.294%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.61	+0.138%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.58	+0.129%	$8.2M	$37.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.70	+0.173%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	271.50	+0.100%	$1.4M	$3.3M	50x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.00	−0.087%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.37	+0.052%	$980	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.54	+0.114%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0006%	8h	271.44	+0.077%	$2.0M	$1.1M	25x	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	+0.0024%	1h	271.31	+0.029%	$1.3M	$2.5M	10x	as long as short
Lighter BElong	+0.0032%	1h	271.23	long leg	—	—	10x
Lighter RH BE	+0.0032%	1h	271.43	+0.074%	$242K	$299K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	270.79	−0.162%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.11	−0.044%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.30	+0.026%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.236%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.25	+0.007%	$366K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.27	+0.015%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.11	−0.044%	$45K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0229%	1h	271.41	+0.066%	$6K	$4K	10x	as long as short