Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.064%

Price spread now: Bitget against Deribit−0.049%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LITE_USDC-PERPETUAL	960.55	−0.0021	get 0.0003% / 1h	51m 38s	$19K	$37K	10x
Short	Bitget LITEUSDT	960.08	0	get 0.0000% / 8h	4h 51m	$2.6M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: $4.33
Price spread: −0.049% → 0.000%: −$4.89
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.56
Costs to cover: 0.190%
Break-even: 38.6 days

Slippage unknown: Deribit: no order-book sample; Bitget: 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	2.03 bp	14.2 bp −$14	32.6 bp −$326	59.1 bp −$5,906	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0152%	1h	957.73	−0.294%	$101K	$203K	10x	as long as short
Deribit LITE_USDC-PERPETUALlong	−0.0021%	1h	960.55	long leg	$19K	$37K	10x
BloFin LITE-USDT	−0.0018%	8h	960.42	−0.014%	$225K	$236K	20x	as long as short
QFEX LITE-USD	0.0000%	1h	960.32	−0.024%	$1.1M	$4.4M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	961.44	+0.092%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.01	−0.056%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	959.86	−0.072%	$3.8M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	960.42	−0.014%	$8.1M	$6.2M	50x	as long as short
Bitget LITEUSDTshort	0.0000%	8h	960.08	−0.049%	$2.6M	$2.9M	20x
Variational Omni LITE	0.0000%	8h	960.51	−0.004%	$266K	$147K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	959.88	−0.070%	$307	$186K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	960.40	−0.016%	$808	$3.8M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.37	−0.019%	$7K	$32K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	961.04	+0.051%	$1.5M	$689K	10x	as long as short
Lighter LITE	+0.0032%	1h	960.03	−0.054%	$27K	$99K	10x	as long as short
Binance LITEUSDT	+0.0035%	8h	959.91	−0.067%	$12.7M	$46.6M	25x	as long as short
Extended LITE-USD	+0.0040%	1h	959.65	−0.094%	$13K	$207K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	960.53	−0.002%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	959.94	−0.064%	$7.2M	$5.4M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.77	+0.023%	$74K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	960.58	+0.003%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.71	+0.017%	$48K	$292K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.45	−0.115%	$526K	$42K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	960.02	−0.055%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.89	+0.035%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.72	+0.018%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0179%	4h	960.52	−0.003%	$70K	$451K	10x	as long as short