Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: ApeX Omni against OKX−0.128%50s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$620.616% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.128%, 7d avg −0.025%

Together, before fees+0.330%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.103% cheaper against OKX than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.025%). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.083% in total) that is about 8.7 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LITE-USDT-SWAP	965.70	0	get 0.0000% / 8h	7h 54m	$3.8M	$18.1M	25x
Short	ApeX Omni LITEUSDT	964.46	0.0100	get 0.0013% / 1h	54m 38s	$16K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.128%Rate

Funding earned: $21
Price spread: −0.128% → −0.025%: −$10.33
Slippage, 4 orders: −$41.61
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.93
Costs to cover: 0.616%
Break-even: 24.0 days

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 17 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 OKX live order book, 4 min ago	0.94 bp	10.8 bp −$11	33.3 bp −$333	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 17 min ago	7.70 bp	20.3 bp −$20	205.2 bp −$2,052	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	−0.0096%	1h	960.78	−0.509%	$111K	$224K	10x	as long as short
BloFin LITE-USDT	−0.0023%	8h	964.21	−0.154%	$223K	$237K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	965.47	−0.024%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	965.31	−0.040%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAPlong	0.0000%	8h	965.70	long leg	$3.8M	$18.1M	25x
Gate LITE_USDT	0.0000%	8h	966.08	+0.039%	$8.1M	$5.8M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	964.49	−0.125%	$2.8M	$2.8M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	964.30	−0.145%	$936	$4.1M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	964.38	−0.137%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	964.83	−0.090%	$1.5M	$682K	10x	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	+0.0014%	1h	965.41	−0.030%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	963.96	−0.180%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	964.18	−0.157%	$76K	$232K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	964.68	−0.106%	$175K	$162K	10x	as long as short
Lighter LITE	+0.0064%	1h	965.39	−0.032%	$27K	$101K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	963.65	−0.212%	$519K	$39K	20x	as long as short
ApeX Omni LITEUSDTshort	+0.0100%	1h	964.46	−0.128%	$16K	$265K	50x
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	964.13	−0.163%	$937	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	963.63	−0.215%	—	—	10x	as long as short
Variational Omni LITE	+0.0316%	8h	964.24	−0.151%	$243K	$142K	—	as long as short
GRVT LITE_USDT_Perp	+0.0372%	8h	964.90	−0.083%	$608	$224K	10x	as long as short
tradeXYZ xyz:LITE	+0.0389%	1h	964.35	−0.140%	$7.2M	$5.0M	10x	as long as short
Binance LITEUSDT	+0.0424%	8h	965.19	−0.053%	$13.8M	$44.9M	25x	as long as short
Extended LITE-USD	+0.0424%	1h	965.06	−0.067%	$9K	$206K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0425%	1h	964.19	−0.156%	$19K	$37K	10x	as long as short
edgeX LITEUSDC	+0.0576%	4h	964.15	−0.161%	$72K	$462K	10x	as long as short
SoDEX LITE-USD	+0.0738%	1h	964.01	−0.175%	$23K	$10K	10x	as long as short