Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX+0.047%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2602.598% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.047%, 7d avg −0.070%

Together, before fees−0.134%+ Points / potential airdropLighter RH: Points live · farm board−$13 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 0.117% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	274.36	0	get 0.0000% / 8h	6h 21m	$944	$2.4M	10x
Short	Lighter RH BE	274.49	0.0032	get 0.0004% / 1h	21m 40s	$251K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now +0.047%Rate

Funding earned: $6.72
Price spread: +0.047% → −0.070%: $11.71
Slippage, 4 orders: −$251.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$241.38
Costs to cover: 2.598%
Break-even: 258.4 days

Slippage from SunX: live order book, 5 min ago; Lighter RH: live order book, 45 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 SunX live order book, 5 min ago	45.01 bp	125.2 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 45 min ago	2.18 bp	3.0 bp −$3	14.5 bp −$145	doesn't fit	doesn't fit

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	274.38	+0.009%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.50	+0.051%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.40	+0.015%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.40	+0.015%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.23	−0.046%	$7K	$168K	10x	as long as short
SunX BE-USDTlong	0.0000%	8h	274.36	long leg	$944	$2.4M	10x
Deribit BE_USDC-PERPETUAL	0.0000%	1h	274.52	+0.058%	$7K	$4K	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.52	+0.058%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0026%	1h	274.50	+0.051%	$1.3M	$3.2M	10x	as long as short
Lighter BE	+0.0032%	1h	274.36	0.000%	—	—	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BEshort	+0.0032%	1h	274.49	+0.047%	$251K	$290K	10x
Arcus BE-USD	+0.0040%	1h	274.05	−0.113%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.55	+0.069%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.43	+0.026%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.50	+0.051%	$371K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.59	+0.083%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0112%	1h	273.08	−0.467%	$473K	$131K	10x	as long as short
Binance BEUSDT	+0.0132%	8h	274.55	+0.069%	$8.4M	$36.3M	25x	as long as short
Extended BE-USD	+0.0136%	1h	274.41	+0.018%	$47K	$262K	10x	as long as short
OKX BE-USDT-SWAP	+0.0195%	8h	274.55	+0.069%	$2.6M	$6.8M	25x	as long as short