Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h —

Price spread now: Lighter against Arcus+0.120%7-day average — · you sell dearer than you buy

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

Long on Arcus 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.120% dearer against Arcus than usual: you sell high and buy low, +$12 on $10k if it 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	Arcus BE-USD	275.17	0.0040	pay 0.0005% / 1h	48m 43s	$115K	$116K	10x
Short	Lighter BE	275.50	0.0032	get 0.0004% / 1h	48m 43s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$1.74
Price spread: +0.120% → 0.000%: $11.99
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.75
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 24 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 Arcus live order book, 24 min ago	1.83 bp	9.3 bp −$9	14.7 bp −$147	doesn't fit	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	275.29	+0.042%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.50	+0.120%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.72	+0.200%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.51	+0.124%	$978	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.50	+0.120%	$13K	$33K	20x	as long as short
Lighter BEshort	+0.0032%	1h	275.50	+0.120%	—	—	10x
Lighter RH BE	+0.0032%	1h	275.71	+0.196%	$252K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.77	+0.218%	$1.3M	$3.8M	10x	as long as short
Arcus BE-USDlong	+0.0040%	1h	275.17	long leg	$115K	$116K	10x
Vest BE-USD-PERP	+0.0046%	1h	275.75	+0.211%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BEUSDTM	+0.0100%	8h	275.50	+0.120%	$372K	$22K	20x	as long as short
Extended BE-USD	+0.0104%	1h	275.82	+0.237%	$46K	$287K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.29	+0.043%	—	—	10x	as long as short
Binance BEUSDT	+0.0110%	8h	275.80	+0.229%	$8.6M	$36.6M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	275.44	+0.098%	$471K	$117K	10x	as long as short
Bybit BEUSDT	+0.0138%	8h	275.81	+0.233%	$2.0M	$1.2M	25x	as long as short
BloFin BE-USDT	+0.0224%	8h	275.80	+0.229%	$45K	$143K	20x	as long as short
OKX BE-USDT-SWAP	+0.0264%	8h	275.73	+0.204%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	+0.0351%	8h	274.92	−0.092%	$7K	$179K	10x	as long as short
tradeXYZ xyz:BE	+0.0368%	1h	275.56	+0.142%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0766%	1h	275.81	+0.233%	$7K	$4K	10x	as long as short