Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.054%

Price spread now: KuCoin against Coinbase International−0.056%7-day average +0.204% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2082.077% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.056%, 7d avg +0.204%

Together, before fees+0.567%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.260% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.204%). If the spread goes back, that is −$26 on $10k: about 5.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	947.13	−0.0056	get 0.0007% / 1h	54m 51s	$94K	$129K	10x
Short	KuCoin LITEUSDTM	946.60	0.0100	get 0.0100% / 8h	5h 54m	$518K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: $32.76
Price spread: −0.056% → +0.204%: −$25.97
Slippage, 4 orders: −$185.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$200.9
Costs to cover: 2.077%
Break-even: 49.9 days

Slippage from Coinbase International: live order book, 56 min ago; KuCoin: live order book, 50 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, 56 min ago	5.21 bp	10.6 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit
Sell KuCoin live order book, 50 min ago	19.13 bp	97.0 bp −$97	doesn't fit	doesn't fit	doesn't fit

LITE on 27 exchanges

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	−0.0056%	1h	947.13	long leg	$94K	$129K	10x
Aster LITEUSDT	0.0000%	8h	945.78	−0.142%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	946.99	−0.015%	$46K	$256K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.37	+0.025%	$12.1M	$51.5M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.15	+0.002%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.66	+0.056%	$3.5M	$18.9M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	947.55	+0.044%	$2.6M	$3.3M	20x	as long as short
Variational Omni LITE	0.0000%	8h	947.13	0.000%	$260K	$129K	—	as long as short
SunX LITE-USDT	0.0000%	8h	947.40	+0.029%	$966	$3.5M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	946.90	−0.024%	$18K	$41K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LITE-USDT	0.0000%	8h	948.10	+0.102%	$7K	$30K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	948.29	+0.122%	$1.5M	$747K	10x	as long as short
BloFin LITE-USDT	+0.0001%	8h	947.27	+0.015%	$215K	$255K	20x	as long as short
Lighter LITE	+0.0032%	1h	947.12	−0.001%	$26K	$102K	10x	as long as short
QFEX LITE-USD	+0.0040%	1h	947.34	+0.022%	$1.1M	$3.7M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.15	+0.002%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	947.14	+0.001%	$7.7M	$5.6M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	947.02	−0.012%	$73K	$224K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	946.30	−0.088%	$32K	$361K	10x	as long as short
Gate LITE_USDT	+0.0088%	8h	948.20	+0.113%	$8.0M	$6.6M	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.00	−0.014%	$920	$3K	10x	as long as short
KuCoin LITEUSDTMshort	+0.0100%	8h	946.60	−0.056%	$518K	$197K	20x
ApeX Omni LITEUSDT	+0.0100%	1h	947.06	−0.007%	$16K	$268K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	946.98	−0.016%	—	—	10x	as long as short
GRVT LITE_USDT_Perp	+0.0157%	8h	947.84	+0.075%	$284	$192K	10x	as long as short
SoDEX LITE-USD	+0.0196%	1h	947.58	+0.048%	$23K	$9K	10x	as long as short
edgeX LITEUSDC	+0.0233%	4h	947.38	+0.027%	$62K	$487K	10x	as long as short