Funding arb · Price arb /

BOT

RWAall BOT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0807%/8h= +88.3% APRpaid last 24h +0.300%

Price spread now: Lighter against Binance+0.426%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Lighter is 0.426% dearer against Binance than usual: you sell high and buy low: +$43 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BOTUSDT	29.361	−0.0775	get 0.0775% / 8h	3h 30m	$450K	$1.2M	10x
Short	Lighter BOT	29.486	0.0032	get 0.0004% / 1h	30m 36s	$68K	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.426%Rate

Funding earned: $169.38
Price spread: +0.426% → 0.000%: $42.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $201.98
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: 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 Binance live order book, 2 min ago	3.41 bp	50.3 bp −$50	doesn't fit	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.

BOT on 12 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
tradeXYZ xyz:BOT	−0.1653%	1h	29.322	−0.133%	$3.1M	$773K	10x	as long as short
KuCoin BOTUSDTM	−0.1045%	8h	29.350	−0.037%	$95K	$289K	20x	as long as short
OKX BOT-USDT-SWAP	−0.0984%	8h	29.360	−0.003%	$234K	$213K	20x	as long as short
Binance BOTUSDTlong	−0.0775%	8h	29.361	long leg	$450K	$1.2M	10x
Variational Omni BOT	−0.0690%	8h	29.370	+0.030%	$31K	$14K	—	as long as short
QFEX BOT-USD	−0.0080%	1h	29.340	−0.071%	$1.2M	$515K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.330	−0.105%	$508K	$555K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.440	+0.269%	$255K	$234K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.420	+0.201%	$246K	$120K	5x	as long as short
Lighter BOTshort	+0.0032%	1h	29.486	+0.426%	$68K	$1K	3x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.310	−0.173%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.377	+0.055%	$3K	$34K	10x	as long as short