Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0594%/8h= −65.0% APRpaid last 24h −0.177%

Price spread now: Bitget against edgeX+0.031%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.031%, 7d avg −0.032%

Together, before fees−0.447%+ Points / potential airdropedgeX: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.063% dearer against edgeX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.032%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.199% in total) that is about 2.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITEUSDC	959.76	0.0594	pay 0.0297% / 4h	55m 00s	$70K	$459K	10x
Short	Bitget LITEUSDT	960.06	0	get 0.0000% / 8h	55m 00s	$2.8M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$124.66
Price spread: +0.031% → −0.032%: $6.29
Slippage, 4 orders: −$39.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$178.63
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from edgeX: live order book, 24 min ago; Bitget: live order book, 3 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 edgeX live order book, 24 min ago	3.60 bp	20.8 bp −$21	24.1 bp −$241	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.53 bp	15.2 bp −$15	23.4 bp −$234	55.7 bp −$5,570	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-INTX	−0.0064%	1h	958.20	−0.163%	$115K	$243K	10x	as long as short
BloFin LITE-USDT	−0.0011%	8h	960.33	+0.059%	$176K	$235K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	959.94	+0.019%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	959.94	+0.019%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.25	+0.051%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	960.66	+0.094%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDTshort	0.0000%	8h	960.06	+0.031%	$2.8M	$3.1M	20x
SunX LITE-USDT	0.0000%	8h	960.60	+0.087%	$767	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.74	−0.002%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	960.80	+0.108%	$1.5M	$685K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LITE	+0.0013%	8h	959.86	+0.010%	$241K	$142K	—	as long as short
QFEX LITE-USD	+0.0033%	1h	960.20	+0.046%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.41	−0.037%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.14	+0.039%	$30K	$489K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	959.95	+0.020%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.74	−0.002%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.97	+0.022%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.97	+0.022%	—	—	10x	as long as short
Binance LITEUSDT	+0.0135%	8h	960.28	+0.054%	$13.7M	$45.1M	25x	as long as short
Lighter LITE	+0.0136%	1h	960.12	+0.037%	$27K	$102K	10x	as long as short
Extended LITE-USD	+0.0136%	1h	960.10	+0.035%	$9K	$209K	10x	as long as short
ApeX Omni LITEUSDT	+0.0142%	1h	959.14	−0.065%	$16K	$265K	50x	as long as short
SoDEX LITE-USD	+0.0236%	1h	960.22	+0.048%	$23K	$10K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0257%	8h	960.14	+0.040%	$662	$236K	10x	as long as short
tradeXYZ xyz:LITE	+0.0401%	1h	960.27	+0.053%	$7.2M	$5.1M	10x	as long as short
edgeX LITEUSDClong	+0.0594%	4h	959.76	long leg	$70K	$459K	10x
Deribit LITE_USDC-PERPETUAL	+0.0897%	1h	960.33	+0.059%	$19K	$36K	10x	as long as short