Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0813%/8h= −89.0% APRpaid last 24h −0.057%

Price spread now: Phemex against Deribit+0.099%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Phemex

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

The price spread pays, funding is against you. Phemex is 0.099% dearer against Deribit than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LITE_USDC-PERPETUAL	941.94	0.0813	pay 0.0102% / 1h	2m 35s	$18K	$41K	10x
Short	Phemex LITEUSDT	942.87	0	get 0.0000% / 8h	7h 02m	$1.5M	$745K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$170.68
Price spread: +0.099% → 0.000%: $9.87
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$179.81
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago	5.52 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.0112%	1h	940.46	−0.157%	$93K	$191K	10x	as long as short
BloFin LITE-USDT	−0.0024%	8h	942.15	+0.022%	$215K	$250K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	943.19	+0.133%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	941.50	−0.047%	$45K	$249K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	941.75	−0.020%	$12.0M	$50.9M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	941.80	−0.015%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	941.90	−0.004%	$3.5M	$18.6M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	941.82	−0.013%	$2.6M	$3.3M	20x	as long as short
Variational Omni LITE	0.0000%	8h	942.26	+0.034%	$258K	$139K	—	as long as short
SunX LITE-USDT	0.0000%	8h	941.90	−0.004%	$674	$3.6M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LITE-USDT	0.0000%	8h	942.45	+0.054%	$7K	$30K	20x	as long as short
Phemex LITEUSDTshort	0.0000%	8h	942.87	+0.099%	$1.5M	$745K	10x
GRVT LITE_USDT_Perp	+0.0006%	8h	942.29	+0.037%	$782	$192K	10x	as long as short
Gate LITE_USDT	+0.0014%	8h	942.13	+0.020%	$7.9M	$6.6M	50x	as long as short
QFEX LITE-USD	+0.0014%	1h	941.66	−0.030%	$1.1M	$3.9M	10x	as long as short
Lighter LITE	+0.0032%	1h	941.69	−0.027%	$26K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	941.52	−0.045%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	942.22	+0.030%	$73K	$220K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	942.55	+0.065%	$33K	$361K	10x	as long as short
tradeXYZ xyz:LITE	+0.0075%	1h	941.85	−0.010%	$7.6M	$5.7M	10x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	942.04	+0.011%	$916	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	941.32	−0.066%	$515K	$121K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	941.90	−0.004%	$16K	$267K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	941.84	−0.010%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0286%	4h	942.61	+0.071%	$59K	$483K	10x	as long as short
SoDEX LITE-USD	+0.0294%	1h	942.23	+0.031%	$23K	$9K	10x	as long as short
Deribit LITE_USDC-PERPETUALlong	+0.0813%	1h	941.94	long leg	$18K	$41K	10x