Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Lighter−0.005%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5993	0.0096	pay 0.0012% / 1h	47m 40s	$56K	$8K	3x
Short	Bitget EDGEUSDT	0.5993	0.0100	get 0.0050% / 4h	47m 40s	$4.8M	$1.0M	20x

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 −0.005%Rate

Funding earned: $0.84
Price spread: −0.005% → 0.000%: −$0.5
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.66
Costs to cover: 0.120%
Break-even: 104.2 days

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 5 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	7.50 bp	34.3 bp −$34	308.9 bp −$3,089	doesn't fit	doesn't fit

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.

EDGE on 17 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
Lighter EDGElong	+0.0096%	1h	0.5993	long leg	$56K	$8K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.6001	+0.128%	$7.1M	$3.3M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5993	−0.005%	$4.8M	$1.0M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6020	+0.445%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5988	−0.093%	$194K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6002	+0.148%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6007	+0.229%	$8K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5977	−0.272%	$4K	$610K	10x	as long as short
KuCoin EDGEUSDTM	+0.0240%	4h	0.6017	+0.395%	$2.1M	$2.2M	50x	as long as short
MEXC EDGE_USDT	+0.0644%	4h	0.6005	+0.195%	$1.2M	$914K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0648%	1h	0.5989	−0.065%	$27K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0658%	4h	0.6006	+0.212%	$10.2M	$10.1M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0659%	4h	0.6018	+0.412%	$3K	—	10x	as long as short
Aster EDGEUSDT	+0.0676%	4h	0.6019	+0.429%	$69K	$135K	5x	as long as short
BloFin EDGE-USDT	+0.0694%	4h	0.6021	+0.462%	$641K	$129K	50x	as long as short
edgeX EDGEUSDC	+0.0768%	4h	0.6010	+0.279%	$14.4M	$3.5M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0813%	4h	0.6010	+0.279%	$3.7M	$5.9M	20x	as long as short