Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.037%

Price spread now: BloFin against ApeX Omni+0.085%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.085%, 7d avg +0.028%

Together, before fees−0.251%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.057% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LITEUSDT	964.51	0.0100	pay 0.0013% / 1h	36m 15s	$16K	$265K	50x
Short	BloFin LITE-USDT	965.33	−0.0013	pay 0.0013% / 8h	7h 36m	$224K	$237K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$23.75
Price spread: +0.085% → +0.028%: $5.74
Slippage, 4 orders: −$36.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$76.25
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; BloFin: live order book, 29 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 ApeX Omni live order book, 36 min ago	7.70 bp	19.1 bp −$19	179.9 bp −$1,799	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	0.83 bp	9.3 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit

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	−0.0096%	1h	960.78	−0.387%	$111K	$212K	10x	as long as short
BloFin LITE-USDTshort	−0.0013%	8h	965.33	+0.085%	$224K	$237K	20x
Aster LITEUSDT	0.0000%	8h	964.99	+0.050%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	964.55	+0.004%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	964.98	+0.049%	$3.8M	$18.0M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	964.29	−0.023%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	965.61	+0.114%	$763	$210K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	965.00	+0.051%	$857	$4.0M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	965.38	+0.090%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	965.19	+0.071%	$1.5M	$682K	10x	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	+0.0014%	1h	964.69	+0.019%	$1.1M	$5.2M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0020%	1h	964.31	−0.021%	$19K	$37K	10x	as long as short
Lighter LITE	+0.0032%	1h	964.61	+0.010%	$27K	$101K	10x	as long as short
Gate LITE_USDT	+0.0042%	8h	965.29	+0.081%	$8.1M	$5.9M	50x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	964.45	−0.006%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	965.09	+0.060%	$75K	$227K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	965.13	+0.064%	$176K	$150K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	964.73	+0.023%	$520K	$38K	20x	as long as short
ApeX Omni LITEUSDTlong	+0.0100%	1h	964.51	long leg	$16K	$265K	50x
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	964.96	+0.047%	$938	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	964.93	+0.044%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0132%	4h	965.29	+0.081%	$73K	$463K	10x	as long as short
SoDEX LITE-USD	+0.0276%	1h	964.84	+0.034%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0306%	8h	964.71	+0.020%	$243K	$141K	—	as long as short
tradeXYZ xyz:LITE	+0.0357%	1h	964.82	+0.032%	$7.3M	$5.0M	10x	as long as short
Binance LITEUSDT	+0.0407%	8h	964.70	+0.020%	$13.9M	$44.2M	25x	as long as short
Extended LITE-USD	+0.0408%	1h	964.39	−0.013%	$9K	$209K	10x	as long as short