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 −0.010%

Price spread now: HTX against Lighter RH+0.231%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.231% dearer against Lighter RH than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BE	273.03	0.0032	pay 0.0004% / 1h	19m 17s	$249K	$290K	10x
Short	HTX BE-USDT	273.66	0	get 0.0000% / 8h	3h 19m	$13K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$6.72
Price spread: +0.231% → 0.000%: $23.07
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $4.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 33 min ago; 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 RH live order book, 33 min ago	5.83 bp	5.9 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

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	273.01	−0.007%	$344K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	272.90	−0.048%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.05	+0.007%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	273.51	+0.175%	$7K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	273.12	+0.033%	$871	$2.4M	10x	as long as short
Deribit BE_USDC-PERPETUAL	0.0000%	1h	272.97	−0.022%	$6K	$4K	10x	as long as short
HTX BE-USDTshort	0.0000%	8h	273.66	+0.231%	$13K	$35K	20x
Binance BEUSDT	+0.0007%	8h	273.05	+0.007%	$8.4M	$36.7M	25x	as long as short
Extended BE-USD	+0.0008%	1h	273.01	−0.008%	$47K	$262K	10x	as long as short
Bybit BEUSDT	+0.0015%	8h	273.20	+0.062%	$2.0M	$1.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BE-USDT	+0.0028%	8h	273.25	+0.081%	$45K	$142K	20x	as long as short
Lighter BE	+0.0032%	1h	272.92	−0.040%	—	—	10x	as long as short
Lighter RH BElong	+0.0032%	1h	273.03	long leg	$249K	$290K	10x
QFEX BE-USD	+0.0036%	1h	273.19	+0.059%	$1.3M	$2.6M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.34	+0.114%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.20	+0.062%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	273.08	+0.018%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.04	+0.004%	$476K	$136K	10x	as long as short
OKX BE-USDT-SWAP	+0.0098%	8h	273.16	+0.048%	$2.6M	$6.9M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.12	+0.033%	$369K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.04	+0.004%	—	—	10x	as long as short