Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: HTX against Lighter+0.058%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 HTX

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. HTX is 0.058% dearer against Lighter than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	275.72	0.0032	pay 0.0004% / 1h	6m 36s	—	—	10x
Short	HTX BE-USDT	275.88	0	get 0.0000% / 8h	5h 06m	$13K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$6.72
Price spread: +0.058% → 0.000%: $5.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; HTX: 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 HTX no order-book sample	—	—	—	—	—

Lighter and HTX: 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	275.65	−0.024%	$347K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.70	−0.007%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.85	+0.047%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.77	+0.017%	$7K	$164K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.87	+0.054%	$1K	$2.4M	10x	as long as short
HTX BE-USDTshort	0.0000%	8h	275.88	+0.058%	$13K	$34K	20x
QFEX BE-USD	+0.0012%	1h	275.92	+0.073%	$1.3M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−0.957%	$473K	$129K	10x	as long as short
Lighter BElong	+0.0032%	1h	275.72	long leg	—	—	10x
Lighter RH BE	+0.0032%	1h	275.87	+0.054%	$252K	$289K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	275.59	−0.047%	$115K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.82	+0.036%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.79	+0.025%	$5.9M	$2.7M	10x	as long as short
Bybit BEUSDT	+0.0054%	8h	276.11	+0.141%	$2.0M	$1.2M	25x	as long as short
Extended BE-USD	+0.0064%	1h	275.95	+0.083%	$46K	$264K	10x	as long as short
Binance BEUSDT	+0.0068%	8h	276.03	+0.113%	$8.5M	$36.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.77	+0.018%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.88	+0.058%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0127%	8h	276.10	+0.138%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0187%	8h	275.89	+0.062%	$1K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0729%	1h	275.94	+0.080%	$7K	$4K	10x	as long as short