Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Bitget against Lighter−0.012%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Lighter Short on Bitget

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)−0.073%−$7 · spread now −0.012%, 7d avg −0.147%

Together, before fees−0.109%+ Points / potential airdropLighter: Season 3 · farm board−$11 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: Bitget is 0.135% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1473	0	get 0.0000% / 1h	9m 05s	$2.1M	$501K	50x
Short	Bitget EURUSDUSDT	1.1472	0	get 0.0000% / 8h	4h 09m	$261K	$27K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → −0.147%: $13.49
Slippage, 4 orders: −$4.13
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$2.64
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 24 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 Lighter live order book, 6 min ago	0.74 bp	2.4 bp −$2	11.2 bp −$112	73.7 bp −$7,365	doesn't fit
Sell Bitget live order book, 24 min ago	0.44 bp	6.4 bp −$6	11.4 bp −$114	doesn't fit	doesn't fit

EUR on 18 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
Hotstuff EURUSD-PERP	−0.0800%	1h	1.1466	−0.064%	$33K	—	50x	as long as short
MEXC EUR_USDT	−0.0130%	4h	1.1466	−0.064%	$6.8M	$149K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0112%	1h	1.1458	−0.134%	$3K	—	50x	as long as short
Nado EURUSD-PERP	−0.0015%	1h	1.1468	−0.050%	$191K	$293K	40x	as long as short
Lighter EURUSDlong	0.0000%	1h	1.1473	long leg	$2.1M	$501K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1476	+0.024%	$624K	$329K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1470	−0.030%	$144K	$4K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1472	−0.012%	$261K	$27K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1464	−0.082%	$247K	$122K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1466	−0.064%	—	$1.5M	10x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX EURUSD-USDT	0.0000%	1h	1.1473	−0.003%	$12K	$268K	20x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1464	−0.079%	$6.8M	$1.3M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.061%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1496	+0.193%	—	$192K	100x	as long as short
tradeXYZ xyz:EUR	+0.0081%	1h	1.1466	−0.064%	$22.9M	$1.7M	50x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1464	−0.078%	$195K	$59K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1469	−0.039%	$12K	—	10x	as long as short
Hibachi EUR/USDT-P	+0.0208%	1h	1.1464	−0.083%	$179K	$8.4M	30x	as long as short