Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.052%

Price spread now: Gate against Coinbase International+0.217%7-day average +0.270% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.217%, 7d avg +0.270%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.053% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.217% now, against its 7-day average of +0.270%). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	958.20	−0.0064	get 0.0008% / 1h	56m 35s	$115K	$244K	10x
Short	Gate LITE_USDT	960.28	0	get 0.0000% / 8h	56m 35s	$8.0M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.217%Rate

Funding earned: $13.44
Price spread: +0.217% → +0.270%: −$5.27
Slippage, 4 orders: −$28.66
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.48
Costs to cover: 0.537%
Break-even: 30.7 days

Slippage from Coinbase International: live order book, 21 min ago; Gate: live order book, 2 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 Coinbase International live order book, 21 min ago	6.52 bp	12.3 bp −$12	21.5 bp −$215	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.38 bp	14.0 bp −$14	32.3 bp −$323	55.4 bp −$5,538	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-INTXlong	−0.0064%	1h	958.20	long leg	$115K	$244K	10x
BloFin LITE-USDT	−0.0017%	8h	959.67	+0.153%	$176K	$235K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	960.08	+0.196%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	959.77	+0.164%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	959.84	+0.171%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDTshort	0.0000%	8h	960.28	+0.217%	$8.0M	$6.2M	50x
Bitget LITEUSDT	0.0000%	8h	959.59	+0.145%	$2.8M	$3.1M	20x	as long as short
Variational Omni LITE	0.0000%	8h	960.30	+0.219%	$241K	$142K	—	as long as short
SunX LITE-USDT	0.0000%	8h	959.80	+0.167%	$612	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.31	+0.116%	$7K	$31K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	960.45	+0.235%	$1.5M	$686K	10x	as long as short
Lighter LITE	+0.0032%	1h	960.06	+0.194%	$27K	$102K	10x	as long as short
QFEX LITE-USD	+0.0033%	1h	959.99	+0.187%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.52	+0.138%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	959.91	+0.178%	$30K	$489K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	959.95	+0.183%	$175K	$160K	10x	as long as short
SoDEX LITE-USD	+0.0086%	1h	959.80	+0.167%	$23K	$10K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.80	+0.167%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.95	+0.183%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.93	+0.181%	—	—	10x	as long as short
Extended LITE-USD	+0.0120%	1h	959.77	+0.163%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0125%	8h	960.03	+0.191%	$13.7M	$45.1M	25x	as long as short
ApeX Omni LITEUSDT	+0.0174%	1h	960.08	+0.196%	$16K	$265K	50x	as long as short
GRVT LITE_USDT_Perp	+0.0239%	8h	960.32	+0.221%	$663	$236K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0261%	1h	959.92	+0.180%	$19K	$36K	10x	as long as short
edgeX LITEUSDC	+0.0283%	4h	959.83	+0.170%	$70K	$458K	10x	as long as short
tradeXYZ xyz:LITE	+0.0304%	1h	960.27	+0.216%	$7.2M	$5.1M	10x	as long as short