Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0083%/8hpaid last 24h +0.054%

Price spread now: Binance against Lighter+0.264%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.264% dearer against Lighter than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5954	0.0096	pay 0.0012% / 1h	7m 02s	$55K	$9K	3x
Short	Binance EDGEUSDT	0.5970	0.0179	get 0.0089% / 4h	7m 02s	$10.1M	$9.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.264%Rate

Funding earned: $17.38
Price spread: +0.264% → 0.000%: $26.37
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $33.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 7 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 Binance live order book, 7 min ago	0.84 bp	46.5 bp −$46	215.7 bp −$2,157	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
Backpack EDGE_USDC_PERP	−0.0788%	1h	0.5968	+0.237%	$57K	$98K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5954	long leg	$55K	$9K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5961	+0.113%	$7.0M	$3.2M	25x	as long as short
OKX EDGE-USDT-SWAP	+0.0100%	4h	0.5974	+0.331%	$3.7M	$5.7M	20x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5971	+0.280%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5962	+0.129%	$4.7M	$961K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5951	−0.048%	$192K	$129K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5962	+0.127%	$10K	$1.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5973	+0.314%	$6K	$291K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5924	−0.509%	$4K	$582K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0105%	4h	0.5970	+0.261%	$14.3M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0162%	4h	0.5965	+0.180%	$649K	$127K	50x	as long as short
Extended EDGE-USD	+0.0176%	1h	0.5969	+0.248%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0178%	4h	0.5969	+0.247%	$1.2M	$922K	50x	as long as short
Binance EDGEUSDTshort	+0.0179%	4h	0.5970	+0.264%	$10.1M	$9.8M	50x
Aster EDGEUSDT	+0.0200%	4h	0.5971	+0.280%	$69K	$133K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0430%	4h	0.5968	+0.230%	$3K	—	10x	as long as short