Settings8H · net · $10k
Funding arb · Price arb /

BE

RWAall BE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.001%
Price spread now: Lighter RH against Binance−0.062%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.275% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.062%, 7d avg −0.045%
Together, before fees−0.217%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BEUSDT275.590.0069pay 0.0069% / 8h4h 37m$8.5M$36.4M25x
ShortLighter RH BE275.420.0032get 0.0004% / 1h37m 48s$251K$291K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
−$7.81
Price spread: −0.062% → −0.045%
−$1.63
Slippage, 4 orders
−$17.54
Fee Binance: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$36.97
Costs to cover
0.275%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Lighter RH: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago0.91 bp11.0 bp −$1128.1 bp −$28191.5 bp −$9,150doesn't fit
Sell Lighter RH live order book, 19 min ago1.45 bp3.7 bp −$414.4 bp −$144doesn't fitdoesn't fit

BE on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BEUSDT0.0000%8h275.36−0.084%$347K$119K20xas long as short
Gate BE_USDT0.0000%8h275.30−0.105%$1.5M$3.3M50xas long as short
Bitget BEUSDT0.0000%8h275.50−0.033%$1.7M$2.5M20xas long as short
GRVT BE_USDT_Perp0.0000%8h275.67+0.029%$6K$163K10xas long as short
SunX BE-USDT0.0000%8h275.590.000%$1K$2.4M10xas long as short
HTX BE-USDT0.0000%8h275.65+0.022%$13K$34K20xas long as short
Lighter BE+0.0032%1h275.27−0.116%10xas long as short
Lighter RH BEshort+0.0032%1h275.42−0.062%$251K$291K10x
Coinbase International BE-PERP-INTX+0.0040%1h273.08−0.911%$473K$129K10xas long as short
Arcus BE-USD+0.0040%1h275.46−0.047%$115K$109K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest BE-USD-PERP+0.0046%1h275.51−0.029%10xas long as short
tradeXYZ xyz:BE+0.0050%1h275.41−0.065%$5.9M$2.6M10xas long as short
QFEX BE-USD+0.0052%1h275.55−0.015%$1.3M$2.7M10xas long as short
Binance BEUSDTlong+0.0069%8h275.59long leg$8.5M$36.4M25x
Extended BE-USD+0.0072%1h275.52−0.025%$46K$256K10xas long as short
Bybit BEUSDT+0.0083%8h275.65+0.022%$2.0M$1.2M25xas long as short
KuCoin BEUSDTM+0.0100%8h275.41−0.065%$371K$20K20xas long as short
Aevo BE-PERP+0.0104%1h275.51−0.030%10xas long as short
OKX BE-USDT-SWAP+0.0132%8h275.75+0.058%$2.7M$6.8M25xas long as short
BloFin BE-USDT+0.0189%8h275.73+0.051%$45K$142K20xas long as short
Deribit BE_USDC-PERPETUAL+0.0549%1h275.52−0.025%$7K$4K10xas long as short