Funding arb · Price arb /

EUR

RWAall EUR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter−0.065%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.065%, 7d avg −0.158%

Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.093% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EURUSD	1.1485	0	get 0.0000% / 1h	17m 53s	$2.1M	$415K	50x
Short	Bitget EURUSDUSDT	1.1478	0	get 0.0000% / 8h	3h 17m	$253K	$21K	100x

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 −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.158%: $9.29
Slippage, 4 orders: −$9.95
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.65
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Bitget: live order book, 27 min ago.

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 live order book, 4 min ago	1.39 bp	2.7 bp −$3	10.4 bp −$104	64.6 bp −$6,456	doesn't fit
Sell Bitget live order book, 27 min ago	1.31 bp	8.1 bp −$8	9.0 bp −$90	doesn't fit	doesn't fit

EUR on 18 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
Hibachi EUR/USDT-P	−0.0240%	1h	1.1473	−0.110%	$174K	$8.3M	30x	as long as short
Kraken Futures PF_EURUSD	−0.0179%	1h	1.1474	−0.101%	$3K	—	50x	as long as short
MEXC EUR_USDT	−0.0166%	4h	1.1479	−0.057%	$6.8M	$134K	100x	as long as short
Lighter EURUSDlong	0.0000%	1h	1.1485	long leg	$2.1M	$415K	50x
Bybit EURUSDUSDT	0.0000%	8h	1.1480	−0.044%	$585K	$223K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1480	−0.048%	$144K	$5K	100x	as long as short
Bitget EURUSDUSDTshort	0.0000%	8h	1.1478	−0.065%	$253K	$21K	100x
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1476	−0.083%	$198K	$73K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1482	−0.030%	—	$2.4M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1483	−0.022%	$13K	$264K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado EURUSD-PERP	+0.0009%	1h	1.1479	−0.053%	$467K	$153K	40x	as long as short
Extended EUR-USD	+0.0032%	1h	1.1476	−0.084%	$6.7M	$1.2M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1466	−0.166%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1508	+0.196%	—	$265K	100x	as long as short
Pacifica EURUSD	+0.0100%	1h	1.1476	−0.079%	$191K	$63K	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1483	−0.023%	$12K	—	10x	as long as short
Hotstuff EURUSD-PERP	+0.0120%	1h	1.1481	−0.039%	$33K	—	50x	as long as short
tradeXYZ xyz:EUR	+0.0173%	1h	1.1481	−0.039%	$23.3M	$1.6M	50x	as long as short