Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h —

Price spread now: Extended against Lighter+0.028%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 Extended

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 · Extended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.028% dearer against Lighter than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	272.51	0.0032	pay 0.0004% / 1h	54m 16s	—	—	10x
Short	Extended BE-USD	272.59	0	get 0.0000% / 1h	54m 16s	$47K	$258K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$6.72
Price spread: +0.028% → 0.000%: $2.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.92
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Extended: live order book, 58 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 Extended live order book, 58 min ago	1.27 bp	14.8 bp −$15	119.5 bp −$1,195	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
Aster BEUSDT	0.0000%	8h	272.56	+0.020%	$343K	$120K	20x	as long as short
Extended BE-USDshort	0.0000%	1h	272.59	+0.028%	$47K	$258K	10x
Binance BEUSDT	0.0000%	8h	272.66	+0.055%	$8.3M	$36.9M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.70	+0.070%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.70	+0.070%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.39	−0.043%	$6K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.70	+0.070%	$968	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.69	+0.066%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0009%	8h	272.76	+0.092%	$2.0M	$1.1M	25x	as long as short
QFEX BE-USD	+0.0024%	1h	272.61	+0.037%	$1.3M	$2.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BElong	+0.0032%	1h	272.51	long leg	—	—	10x
Lighter RH BE	+0.0032%	1h	272.60	+0.033%	$249K	$290K	10x	as long as short
OKX BE-USDT-SWAP	+0.0037%	8h	272.64	+0.048%	$2.6M	$6.9M	25x	as long as short
Arcus BE-USD	+0.0040%	1h	272.19	−0.117%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.59	+0.029%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.45	−0.022%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	271.77	−0.272%	$475K	$136K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.52	+0.004%	$368K	$17K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.62	+0.042%	—	—	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0117%	1h	272.67	+0.059%	$6K	$4K	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.80	+0.106%	$46K	$144K	20x	as long as short