Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.057%

Price spread now: Coinbase International against Aster+0.308%54s7-day average −0.269% · you sell dearer than you buy

Net, funding: paid 7d − costs−$349as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3343.338% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 3 days (all we have)−0.406%−$41 · spread now +0.308%, 7d avg −0.269%

Together, before fees−0.557%+ Points / potential airdropAster: Stage 5 · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.578% dearer against Aster than usual: you sell high and buy low (spread +0.308% now, against its 7-day average of −0.269%): +$58 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8.3 days. At the pace of the last 7 days (−0.152% in total) that is about 27 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITEUSDT	962.53	0	get 0.0000% / 8h	6h 29m	$108K	$17K	20x
Short	Coinbase International LITE-PERP-INTX	965.50	−0.0232	pay 0.0029% / 1h	29m 28s	$111K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.308%Rate

Funding earned: −$48.72
Price spread: +0.308% → −0.269%: $57.76
Slippage, 4 orders: −$315.84
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$324.8
Costs to cover: 3.338%
Break-even: never at this rate

Slippage from Aster: live order book, 36 min ago; Coinbase International: live order book, 38 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 Aster live order book, 36 min ago	53.72 bp	240.6 bp −$241	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 38 min ago	3.26 bp	8.7 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit

LITE on 26 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-INTXshort	−0.0232%	1h	965.50	+0.308%	$111K	$195K	10x
Aster LITEUSDTlong	0.0000%	8h	962.53	long leg	$108K	$17K	20x
Bybit LITEUSDT	0.0000%	8h	960.47	−0.214%	$1.9M	$1.6M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.30	−0.232%	$3.8M	$17.7M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.30	−0.128%	$8.0M	$5.9M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.78	−0.182%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	958.57	−0.412%	$307	$192K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	960.00	−0.263%	$691	$3.9M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.40	−0.325%	$7K	$32K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	960.69	−0.191%	$1.5M	$683K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0028%	1h	960.77	−0.183%	$1.1M	$5.1M	10x	as long as short
Lighter LITE	+0.0040%	1h	961.24	−0.134%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	960.30	−0.232%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.86	−0.174%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	957.60	−0.512%	$168K	$163K	10x	as long as short
SoDEX LITE-USD	+0.0051%	1h	959.73	−0.291%	$23K	$10K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.97	−0.162%	$520K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	959.36	−0.329%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	961.04	−0.155%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.95	−0.269%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0116%	4h	959.05	−0.362%	$69K	$455K	10x	as long as short
Variational Omni LITE	+0.0188%	8h	958.95	−0.372%	$241K	$122K	—	as long as short
tradeXYZ xyz:LITE	+0.0192%	1h	960.64	−0.196%	$7.2M	$5.2M	10x	as long as short
Binance LITEUSDT	+0.0301%	8h	961.04	−0.155%	$13.8M	$44.0M	25x	as long as short
Extended LITE-USD	+0.0304%	1h	961.23	−0.135%	$10K	$202K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0741%	1h	960.06	−0.257%	$19K	$37K	10x	as long as short