Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Gate against Lighter+0.007%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 Gate

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	272.18	0.0032	pay 0.0004% / 1h	9m 55s	—	—	10x
Short	Gate BE_USDT	272.20	0	get 0.0000% / 8h	3h 09m	$1.4M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$6.72
Price spread: +0.007% → 0.000%: $0.73
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.99
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.83 bp	23.5 bp −$23	45.9 bp −$459	74.2 bp −$7,421	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	272.20	+0.009%	$343K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.25	+0.024%	$47K	$262K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.34	+0.057%	$8.4M	$36.9M	25x	as long as short
Gate BE_USDTshort	0.0000%	8h	272.20	+0.007%	$1.4M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	272.22	+0.015%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.41	+0.454%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.36	+0.066%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.27	+0.033%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0007%	8h	272.23	+0.018%	$2.0M	$1.1M	25x	as long as short
Lighter BElong	+0.0032%	1h	272.18	long leg	—	—	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	272.25	+0.026%	$249K	$291K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	272.14	−0.015%	$1.3M	$2.6M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.53	+0.129%	$114K	$109K	10x	as long as short
BloFin BE-USDT	+0.0044%	8h	272.22	+0.015%	$45K	$143K	20x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.31	+0.048%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.24	+0.022%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	272.77	+0.217%	$477K	$137K	10x	as long as short
OKX BE-USDT-SWAP	+0.0073%	8h	272.33	+0.055%	$2.6M	$6.9M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.21	+0.011%	$367K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.25	+0.024%	—	—	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0301%	1h	272.36	+0.066%	$6K	$4K	10x	as long as short