Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h —

Price spread now: Vest against Lighter+0.036%46s7-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 Vest

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 · Vest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.036% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BE	274.86	0.0032	pay 0.0004% / 1h	56m 41s	—	—	10x
Short	Vest BE-USD-PERP	274.96	0.0046	get 0.0006% / 1h	56m 41s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.036%Rate

Funding earned: $2.87
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $4.51
Costs to cover: 0.020%
Break-even: from the start

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

Lighter and Vest: 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 20 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	274.90	+0.014%	$346K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	275.10	+0.087%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.80	−0.022%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.03	+0.062%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.47	−0.142%	$7K	$167K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.17	+0.113%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.74	−0.044%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0012%	1h	275.00	+0.051%	$1.3M	$3.0M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0016%	1h	273.08	−0.648%	$473K	$130K	10x	as long as short
Lighter BElong	+0.0032%	1h	274.86	long leg	—	—	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	274.99	+0.047%	$251K	$289K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.54	−0.116%	$115K	$109K	10x	as long as short
Vest BE-USD-PERPshort	+0.0046%	1h	274.96	+0.036%	—	—	10x
tradeXYZ xyz:BE	+0.0050%	1h	274.93	+0.025%	$5.9M	$2.8M	10x	as long as short
Binance BEUSDT	+0.0087%	8h	275.18	+0.117%	$8.4M	$36.2M	25x	as long as short
Extended BE-USD	+0.0088%	1h	275.11	+0.090%	$46K	$262K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.96	+0.036%	$371K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.04	+0.066%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0147%	8h	275.18	+0.116%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0623%	1h	275.21	+0.127%	$7K	$4K	10x	as long as short