Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance−0.066%7-day average — · you buy dearer than you sell

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—no history yet

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

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

Funding pays, the price is against you. Lighter is 0.066% cheaper against Binance than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	272.31	0	get 0.0000% / 8h	2h 47m	$8.3M	$36.9M	25x
Short	Lighter BE	272.13	0.0032	get 0.0004% / 1h	47m 49s	—	—	10x

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 −0.066%Rate

Funding earned: $6.72
Price spread: −0.066% → 0.000%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.89
Costs to cover: 0.100%
Break-even: 17.3 days

Slippage unknown: Binance: live order book, 9 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, 9 min ago	0.18 bp	9.0 bp −$9	24.5 bp −$245	147.0 bp −$14.7K	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.

BE on 21 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
Aster BEUSDT	0.0000%	8h	272.27	−0.015%	$342K	$120K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.32	+0.002%	$47K	$258K	10x	as long as short
Binance BEUSDTlong	0.0000%	8h	272.31	long leg	$8.3M	$36.9M	25x
Gate BE_USDT	0.0000%	8h	272.30	−0.004%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	272.31	0.000%	$1.6M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	272.77	+0.170%	$6K	$162K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.34	+0.011%	$967	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.37	+0.022%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0014%	8h	272.54	+0.084%	$2.0M	$1.1M	25x	as long as short
QFEX BE-USD	+0.0024%	1h	272.35	+0.015%	$1.3M	$2.5M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BE-USDT-SWAP	+0.0028%	8h	272.37	+0.022%	$2.6M	$6.8M	25x	as long as short
Lighter BEshort	+0.0032%	1h	272.13	−0.066%	—	—	10x
Lighter RH BE	+0.0032%	1h	272.27	−0.015%	$249K	$290K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.32	+0.004%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.35	+0.015%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.27	−0.015%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	271.77	−0.198%	$475K	$136K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.37	+0.022%	$368K	$17K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.41	+0.037%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.42	+0.040%	$45K	$144K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0595%	1h	272.38	+0.026%	$6K	$4K	10x	as long as short