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 +0.031%

Price spread now: Gate against Lighter RH−0.051%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.358%+$36 · spread now −0.051%, 7d avg +0.001%

Together, before fees+0.371%+ Points / potential airdropLighter RH: Points live · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.052% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BE	274.84	0.0032	pay 0.0004% / 1h	54m 18s	$251K	$290K	10x
Short	Gate BE_USDT	274.70	0	get 0.0000% / 8h	3h 54m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter RH. 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 Lighter RHbpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$6.72
Price spread: −0.051% → +0.001%: −$5.22
Slippage, 4 orders: −$76.55
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.48
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 63 min ago; Gate: live order book, 4 min ago.

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 RH live order book, 63 min ago	1.45 bp	2.6 bp −$3	16.1 bp −$161	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.64 bp	30.3 bp −$30	52.4 bp −$524	80.6 bp −$8,057	doesn't fit

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	274.75	−0.033%	$346K	$119K	20x	as long as short
Gate BE_USDTshort	0.0000%	8h	274.70	−0.051%	$1.5M	$3.3M	50x
Bitget BEUSDT	0.0000%	8h	274.90	+0.022%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.78	−0.022%	$7K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.90	+0.022%	$822	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.92	+0.029%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.81	−0.011%	—	—	10x	as long as short
Lighter RH BElong	+0.0032%	1h	274.84	long leg	$251K	$290K	10x
QFEX BE-USD	+0.0036%	1h	274.90	+0.022%	$1.3M	$2.7M	10x	as long as short
Extended BE-USD	+0.0040%	1h	274.90	+0.023%	$46K	$260K	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	274.76	−0.029%	$115K	$109K	10x	as long as short
Binance BEUSDT	+0.0043%	8h	274.97	+0.046%	$8.5M	$36.5M	25x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.93	+0.033%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.80	−0.015%	$5.9M	$2.6M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.640%	$473K	$128K	10x	as long as short
Bybit BEUSDT	+0.0078%	8h	274.83	−0.004%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.83	−0.004%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.85	+0.004%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0140%	8h	274.94	+0.036%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0165%	8h	274.99	+0.055%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0442%	1h	274.92	+0.029%	$7K	$4K	10x	as long as short