Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.030%

Price spread now: Phemex against Coinbase International−0.467%7-day average +0.261% · you buy dearer than you sell

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

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)+0.490%+$49 · spread now −0.467%, 7d avg +0.261%

Together, before fees+0.656%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.728% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.467% now, against its 7-day average of +0.261%). If the spread goes back, that is −$73 on $10k: about 22 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	946.24	−0.0112	get 0.0014% / 1h	47m 05s	$93K	$215K	10x
Short	Phemex LITEUSDT	941.82	0	get 0.0000% / 8h	7h 47m	$1.5M	$742K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.467%Rate

Funding earned: $23.52
Price spread: −0.467% → +0.261%: −$72.78
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$71.26
Costs to cover: 0.220%
Break-even: 28.2 days

Slippage unknown: Coinbase International: live order book, 51 min ago; 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 Coinbase International live order book, 51 min ago	7.58 bp	14.8 bp −$15	21.8 bp −$218	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.23 bp	doesn't fit	doesn't fit	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
GRVT LITE_USDT_Perp	−0.0451%	8h	941.27	−0.525%	$584	$191K	10x	as long as short
Coinbase International LITE-PERP-INTXlong	−0.0112%	1h	946.24	long leg	$93K	$215K	10x
Bitget LITEUSDT	−0.0100%	8h	941.27	−0.525%	$2.6M	$3.1M	20x	as long as short
Aster LITEUSDT	0.0000%	8h	941.20	−0.533%	$105K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	941.02	−0.552%	$45K	$251K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	941.17	−0.535%	$12.0M	$49.9M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	941.43	−0.508%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	941.30	−0.522%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	941.63	−0.487%	$7.9M	$6.4M	50x	as long as short
Variational Omni LITE	0.0000%	8h	941.23	−0.529%	$259K	$139K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	941.10	−0.543%	$802	$3.6M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	941.41	−0.510%	$18K	$41K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	941.43	−0.508%	$7K	$31K	20x	as long as short
Phemex LITEUSDTshort	0.0000%	8h	941.82	−0.467%	$1.5M	$742K	10x
BloFin LITE-USDT	+0.0011%	8h	941.17	−0.536%	$217K	$242K	20x	as long as short
QFEX LITE-USD	+0.0014%	1h	941.00	−0.554%	$1.1M	$3.9M	10x	as long as short
Lighter LITE	+0.0032%	1h	941.21	−0.532%	$24K	$102K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	940.77	−0.578%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	941.29	−0.523%	$7.7M	$5.7M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	940.23	−0.635%	$73K	$220K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	940.95	−0.559%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	940.11	−0.648%	$33K	$355K	10x	as long as short
ApeX Omni LITEUSDT	+0.0069%	1h	940.88	−0.566%	$16K	$266K	50x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	941.12	−0.541%	$516K	$71K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	941.17	−0.536%	$915	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	940.99	−0.554%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0539%	4h	940.54	−0.602%	$59K	$478K	10x	as long as short