Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: OKX against Lighter+0.129%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 OKX

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. OKX is 0.129% dearer against Lighter than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	271.20	0.0032	pay 0.0004% / 1h	4m 13s	—	—	10x
Short	OKX BE-USDT-SWAP	271.55	0	get 0.0000% / 8h	1h 04m	$2.6M	$6.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$6.72
Price spread: +0.129% → 0.000%: $12.91
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.81
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	2.76 bp	16.2 bp −$16	79.1 bp −$791	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
Gate BE_USDT	−0.0297%	8h	271.30	+0.037%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	−0.0111%	8h	271.48	+0.103%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.81	+0.226%	$342K	$127K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.38	+0.066%	$46K	$356K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.45	+0.093%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAPshort	0.0000%	8h	271.55	+0.129%	$2.6M	$6.9M	25x
GRVT BE_USDT_Perp	0.0000%	8h	271.59	+0.144%	$7K	$157K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.44	+0.088%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.54	+0.125%	$13K	$35K	20x	as long as short
Lighter BElong	+0.0032%	1h	271.20	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	271.40	+0.074%	$242K	$305K	10x	as long as short
QFEX BE-USD	+0.0040%	1h	271.48	+0.103%	$1.3M	$2.3M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.29	+0.033%	$113K	$108K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.42	+0.081%	—	—	10x	as long as short
Bybit BEUSDT	+0.0051%	8h	271.51	+0.114%	$2.0M	$1.1M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.225%	$473K	$115K	10x	as long as short
tradeXYZ xyz:BE	+0.0068%	1h	271.50	+0.111%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.33	+0.048%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.46	+0.097%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.77	+0.210%	$45K	$147K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0340%	1h	271.40	+0.074%	$6K	$4K	10x	as long as short