Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Phemex against Aevo+0.040%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phemex

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—needs both histories

The price spread pays, funding is against you. Phemex is 0.040% dearer against Aevo than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LITE-PERP	960.61	0.0104	pay 0.0013% / 1h	47m 10s	—	—	10x
Short	Phemex LITEUSDT	960.99	0	get 0.0000% / 8h	47m 10s	$1.5M	$684K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21.84
Price spread: +0.040% → 0.000%: $3.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.85
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 1 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	2.81 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aevo: 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.

LITE on 27 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
Coinbase International LITE-PERP-INTX	−0.0064%	1h	958.20	−0.251%	$115K	$233K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.68	+0.008%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.36	−0.026%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.84	+0.024%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.19	+0.061%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.31	−0.031%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	960.20	−0.042%	$611	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.40	−0.021%	$7K	$31K	20x	as long as short
Phemex LITEUSDTshort	0.0000%	8h	960.99	+0.040%	$1.5M	$684K	10x
BloFin LITE-USDT	+0.0019%	8h	960.33	−0.029%	$176K	$235K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0033%	1h	960.14	−0.049%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.54	−0.111%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.26	−0.036%	$30K	$489K	10x	as long as short
Variational Omni LITE	+0.0050%	8h	960.00	−0.064%	$241K	$142K	—	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	−0.058%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.33	−0.029%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.52	−0.009%	$934	$3K	10x	as long as short
Aevo LITE-PERPlong	+0.0104%	1h	960.61	long leg	—	—	10x
Binance LITEUSDT	+0.0192%	8h	960.63	+0.002%	$13.8M	$45.1M	25x	as long as short
Extended LITE-USD	+0.0192%	1h	960.46	−0.015%	$9K	$209K	10x	as long as short
Lighter LITE	+0.0248%	1h	960.74	+0.014%	$27K	$102K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0312%	8h	960.47	−0.014%	$355	$234K	10x	as long as short
SoDEX LITE-USD	+0.0366%	1h	960.52	−0.009%	$23K	$10K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0448%	1h	960.28	−0.034%	$19K	$36K	10x	as long as short
ApeX Omni LITEUSDT	+0.0496%	1h	960.02	−0.061%	$16K	$265K	50x	as long as short
tradeXYZ xyz:LITE	+0.0510%	1h	960.81	+0.021%	$7.2M	$5.0M	10x	as long as short
edgeX LITEUSDC	+0.0594%	4h	960.24	−0.038%	$70K	$460K	10x	as long as short