Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0448%/8h= +49.1% APRpaid last 24h +0.059%

Price spread now: Deribit against OKX−0.051%46s7-day average — · you buy dearer than you sell

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

Long on OKX Short on Deribit

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. Deribit is 0.051% cheaper against OKX than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). The two prices were read 46 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	960.59	0	get 0.0000% / 8h	47m 30s	$3.8M	$18.0M	25x
Short	Deribit LITE_USDC-PERPETUAL	960.10	0.0448	get 0.0056% / 1h	47m 30s	$19K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.051%Rate

Funding earned: $94.15
Price spread: −0.051% → 0.000%: −$5.1
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $72.05
Costs to cover: 0.170%
Break-even: 1.6 days

Slippage unknown: OKX: live order book, 1 min ago; Deribit: no order-book sample. 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 OKX live order book, 1 min ago	0.05 bp	7.1 bp −$7	15.7 bp −$157	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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	−0.0064%	1h	958.20	−0.249%	$115K	$234K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.34	−0.026%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	959.97	−0.065%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAPlong	0.0000%	8h	960.59	long leg	$3.8M	$18.0M	25x
Gate LITE_USDT	0.0000%	8h	960.99	+0.042%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	959.85	−0.077%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	960.10	−0.051%	$766	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.40	−0.020%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	960.65	+0.006%	$1.5M	$684K	10x	as long as short
BloFin LITE-USDT	+0.0029%	8h	960.31	−0.029%	$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	−0.047%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.54	−0.109%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.26	−0.034%	$30K	$489K	10x	as long as short
Variational Omni LITE	+0.0050%	8h	960.00	−0.062%	$241K	$142K	—	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	−0.056%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.02	−0.059%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.34	−0.026%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.36	−0.024%	—	—	10x	as long as short
Extended LITE-USD	+0.0184%	1h	960.12	−0.049%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0192%	8h	960.37	−0.022%	$13.8M	$45.1M	25x	as long as short
Lighter LITE	+0.0248%	1h	960.33	−0.027%	$27K	$102K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0312%	8h	960.47	−0.012%	$355	$234K	10x	as long as short
SoDEX LITE-USD	+0.0366%	1h	960.18	−0.043%	$23K	$10K	10x	as long as short
Deribit LITE_USDC-PERPETUALshort	+0.0448%	1h	960.10	−0.051%	$19K	$36K	10x
ApeX Omni LITEUSDT	+0.0496%	1h	960.02	−0.059%	$16K	$265K	50x	as long as short
tradeXYZ xyz:LITE	+0.0510%	1h	960.79	+0.021%	$7.2M	$5.0M	10x	as long as short
edgeX LITEUSDC	+0.0594%	4h	960.24	−0.036%	$70K	$460K	10x	as long as short