Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Lighter against Bitget−0.176%7-day average +0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.176%, 7d avg +0.152%

Together, before fees+0.316%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.328% cheaper against Bitget than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EURUSDUSDT	1.1470	0	get 0.0000% / 8h	7h 47m	$263K	$25K	100x
Short	Lighter EURUSD	1.1450	0	get 0.0000% / 1h	47m 18s	$2.1M	$537K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.176%Rate

Funding earned: $0
Price spread: −0.176% → +0.152%: −$32.81
Slippage, 4 orders: −$7.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$52.02
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from Bitget: live order book, 43 min ago; Lighter: live order book, 4 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 Bitget live order book, 43 min ago	0.44 bp	6.7 bp −$7	8.7 bp −$87	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.13 bp	2.4 bp −$2	6.8 bp −$68	38.0 bp −$3,803	doesn't fit

EUR on 18 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
Kraken Futures PF_EURUSD	−0.0131%	1h	1.1444	−0.226%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0064%	4h	1.1447	−0.201%	$6.8M	$138K	100x	as long as short
Lighter EURUSDshort	0.0000%	1h	1.1450	−0.176%	$2.1M	$537K	50x
Bitget EURUSDUSDTlong	0.0000%	8h	1.1470	long leg	$263K	$25K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1443	−0.235%	$246K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1451	−0.166%	—	$2.3M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1455	−0.131%	$13K	$273K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1443	−0.239%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.031%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1474	+0.035%	—	$224K	100x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate EURUSD_USDT	+0.0081%	8h	1.1463	−0.061%	$143K	$3K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1442	−0.242%	$191K	$60K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1447	−0.199%	$12K	—	10x	as long as short
Nado EURUSD-PERP	+0.0130%	1h	1.1445	−0.220%	$465K	$158K	40x	as long as short
tradeXYZ xyz:EUR	+0.0299%	1h	1.1453	−0.148%	$23.2M	$1.8M	50x	as long as short
Hotstuff EURUSD-PERP	+0.0328%	1h	1.1454	−0.139%	$33K	—	50x	as long as short
Hibachi EUR/USDT-P	+0.0368%	1h	1.1448	−0.190%	$169K	$8.4M	30x	as long as short
Bybit EURUSDUSDT	+0.1765%	8h	1.1475	+0.040%	$579K	$309K	100x	as long as short