Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.016%

Price spread now: Lighter RH against OKX−0.040%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on OKX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.040%, 7d avg −0.061%

Together, before fees+0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.021% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	273.80	0	get 0.0000% / 8h	6h 17m	$2.6M	$6.9M	25x
Short	Lighter RH BE	273.69	0.0032	get 0.0004% / 1h	17m 30s	$249K	$301K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against OKX. 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 OKXbpFee Lighter RHbpOrdersPrice spread, now −0.040%Rate

Funding earned: $6.72
Price spread: −0.040% → −0.061%: $2.12
Slippage, 4 orders: −$43.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$44.76
Costs to cover: 0.536%
Break-even: 53.6 days

Slippage from OKX: live order book, 4 min ago; Lighter RH: live order book, 32 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 OKX live order book, 4 min ago	2.92 bp	23.0 bp −$23	92.8 bp −$928	doesn't fit	doesn't fit
Sell Lighter RH live order book, 32 min ago	6.04 bp	6.8 bp −$7	14.1 bp −$141	doesn't fit	doesn't fit

BE on 21 exchanges

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
Coinbase International BE-PERP-INTX	−0.0008%	1h	273.21	−0.215%	$467K	$132K	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.20	+0.146%	$345K	$134K	20x	as long as short
Extended BE-USD	0.0000%	1h	273.82	+0.007%	$49K	$388K	10x	as long as short
Binance BEUSDT	0.0000%	8h	273.76	−0.015%	$8.2M	$38.9M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	273.80	long leg	$2.6M	$6.9M	25x
Gate BE_USDT	0.0000%	8h	273.60	−0.073%	$1.3M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	273.65	−0.055%	$1.5M	$3.0M	20x	as long as short
SunX BE-USDT	0.0000%	8h	273.88	+0.029%	$1K	$2.1M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.68	−0.044%	$12K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	273.55	−0.091%	—	—	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BEshort	+0.0032%	1h	273.69	−0.040%	$249K	$301K	10x
QFEX BE-USD	+0.0039%	1h	273.82	+0.007%	$1.3M	$2.2M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.59	−0.077%	$113K	$97K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.75	−0.018%	—	—	10x	as long as short
Bybit BEUSDT	+0.0053%	8h	273.92	+0.044%	$2.0M	$1.0M	25x	as long as short
tradeXYZ xyz:BE	+0.0100%	1h	273.68	−0.044%	$5.9M	$2.9M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	273.66	−0.051%	$356K	$157K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.63	−0.062%	—	—	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0116%	1h	273.68	−0.044%	$7K	$4K	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	273.65	−0.055%	$46K	$158K	20x	as long as short
GRVT BE_USDT_Perp	+0.0588%	8h	273.71	−0.031%	$6K	$138K	10x	as long as short