Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h —

Price spread now: Lighter against QFEX+0.051%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Lighter

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.051% dearer against QFEX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX BE-USD	274.33	0.0025	pay 0.0003% / 1h	8m 45s	$1.3M	$2.3M	10x
Short	Lighter BE	274.47	0.0032	get 0.0004% / 1h	8m 45s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: $1.39
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.5
Costs to cover: 0.100%
Break-even: 24.6 days

Slippage unknown: QFEX: live order book, 2 min ago; Lighter: 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 QFEX live order book, 2 min ago	2.01 bp	7.7 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 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
Deribit BE_USDC-PERPETUAL	−0.0260%	1h	274.36	+0.011%	$6K	$5K	10x	as long as short
Coinbase International BE-PERP-INTX	−0.0024%	1h	274.77	+0.160%	$470K	$133K	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.96	+0.230%	$350K	$143K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.51	+0.066%	$2.0M	$1.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	274.46	+0.047%	$2.6M	$6.7M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.30	−0.011%	$1.4M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.42	+0.033%	$1.7M	$3.1M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.56	+0.084%	$1K	$1.9M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.38	+0.018%	$12K	$35K	20x	as long as short
QFEX BE-USDlong	+0.0025%	1h	274.33	long leg	$1.3M	$2.3M	10x

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BEshort	+0.0032%	1h	274.47	+0.051%	—	—	10x
Lighter RH BE	+0.0032%	1h	274.47	+0.051%	$249K	$294K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.28	−0.018%	$115K	$95K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.35	+0.007%	—	—	10x	as long as short
Binance BEUSDT	+0.0087%	8h	274.41	+0.031%	$8.2M	$39.2M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.33	0.000%	$46K	$388K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.34	+0.004%	$355K	$304K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.38	+0.018%	—	—	10x	as long as short
BloFin BE-USDT	+0.0209%	8h	274.56	+0.084%	$46K	$166K	20x	as long as short
tradeXYZ xyz:BE	+0.0261%	1h	274.41	+0.029%	$5.9M	$2.8M	10x	as long as short
GRVT BE_USDT_Perp	+0.0351%	8h	274.61	+0.102%	$7K	$136K	10x	as long as short