Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1339%/8h= +146.6% APRpaid last 24h +0.190%

Price spread now: Lighter against OKX+0.433%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 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 +$40 a day on $10k at the current rate, and Lighter is 0.433% dearer against OKX 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).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% 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	OKX BOT-USDT-SWAP	29.540	−0.1307	get 0.1307% / 8h	7h 36m	$237K	$228K	20x
Short	Lighter BOT	29.668	0.0032	get 0.0004% / 1h	36m 51s	$68K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.433%Rate

Funding earned: $281.11
Price spread: +0.433% → 0.000%: $43.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $314.44
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 33 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 OKX live order book, 33 min ago	5.12 bp	97.7 bp −$98	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
Arcus BOT-USD	−0.9989%	1h	29.480	−0.203%	$3K	$8K	5x	as long as short
KuCoin BOTUSDTM	−0.2011%	8h	29.490	−0.169%	$97K	$311K	20x	as long as short
Binance BOTUSDT	−0.1632%	8h	29.490	−0.171%	$452K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1574%	8h	29.465	−0.252%	$32K	$20K	—	as long as short
OKX BOT-USDT-SWAPlong	−0.1307%	8h	29.540	long leg	$237K	$228K	20x
QFEX BOT-USD	−0.0049%	1h	29.480	−0.203%	$1.2M	$522K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.520	−0.068%	$569K	$330K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.520	−0.068%	$251K	$227K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.520	−0.068%	$251K	$129K	5x	as long as short
Lighter BOTshort	+0.0032%	1h	29.668	+0.433%	$68K	$4K	3x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.508	−0.108%	$3K	$34K	10x	as long as short
tradeXYZ xyz:BOT	+0.1026%	1h	29.495	−0.152%	$3.1M	$821K	10x	as long as short