Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0346%/8h= −37.8% APRpaid last 24h −0.149%

Price spread now: Lighter against edgeX+0.037%49s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.037%, 7d avg +0.009%

Together, before fees−0.046%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.029% dearer against edgeX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.009%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% 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	960.24	0.0594	pay 0.0297% / 4h	46m 48s	$70K	$460K	10x
Short	Lighter LITE	960.60	0.0248	get 0.0031% / 1h	46m 48s	$27K	$102K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$72.57
Price spread: +0.037% → +0.009%: $2.86
Slippage, 4 orders: −$24.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$103.2
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; Lighter: live order book, 13 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, 32 min ago	3.60 bp	20.8 bp −$21	24.1 bp −$241	doesn't fit	doesn't fit
Sell Lighter live order book, 13 min ago	0.94 bp	2.1 bp −$2	4.6 bp −$46	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
Coinbase International LITE-PERP-INTX	−0.0064%	1h	958.20	−0.213%	$115K	$233K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.47	+0.024%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.40	+0.017%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.86	+0.064%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.23	+0.103%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.36	+0.012%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	960.20	−0.004%	$611	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.40	+0.017%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	960.99	+0.078%	$1.5M	$684K	10x	as long as short
BloFin LITE-USDT	+0.0019%	8h	960.33	+0.009%	$176K	$235K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0033%	1h	960.14	−0.011%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.54	−0.073%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.26	+0.002%	$30K	$489K	10x	as long as short
Variational Omni LITE	+0.0050%	8h	960.00	−0.026%	$241K	$142K	—	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	−0.020%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.15	−0.009%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.52	+0.029%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.61	+0.038%	—	—	10x	as long as short
Extended LITE-USD	+0.0192%	1h	960.33	+0.010%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0202%	8h	960.67	+0.045%	$13.8M	$45.1M	25x	as long as short
Lighter LITEshort	+0.0248%	1h	960.60	+0.037%	$27K	$102K	10x
GRVT LITE_USDT_Perp	+0.0312%	8h	960.47	+0.024%	$355	$234K	10x	as long as short
SoDEX LITE-USD	+0.0366%	1h	960.52	+0.029%	$23K	$10K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0448%	1h	960.28	+0.004%	$19K	$36K	10x	as long as short
ApeX Omni LITEUSDT	+0.0496%	1h	960.02	−0.023%	$16K	$265K	50x	as long as short
tradeXYZ xyz:LITE	+0.0513%	1h	960.81	+0.059%	$7.2M	$5.0M	10x	as long as short
edgeX LITEUSDClong	+0.0594%	4h	960.24	long leg	$70K	$460K	10x