Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.065%

Price spread now: Coinbase International against Orderly+0.457%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 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. Coinbase International is 0.457% dearer against Orderly than usual: you sell high and buy low (spread +0.457% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LITE_USDC_mythos	941.94	0.0100	pay 0.0100% / 8h	7h 54m	$916	$3K	10x
Short	Coinbase International LITE-PERP-INTX	946.24	−0.0112	pay 0.0014% / 1h	54m 02s	$93K	$215K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now +0.457%Rate

Funding earned: −$44.52
Price spread: +0.457% → 0.000%: $45.65
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.87
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 44 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 44 min ago	7.58 bp	12.6 bp −$13	19.3 bp −$193	doesn't fit	doesn't fit

Orderly: 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
Bybit LITEUSDT	−0.0903%	8h	940.78	−0.123%	$1.8M	$2.0M	25x	as long as short
Deribit LITE_USDC-PERPETUAL	−0.0706%	1h	940.49	−0.154%	$18K	$41K	10x	as long as short
SoDEX LITE-USD	−0.0420%	1h	940.47	−0.156%	$23K	$9K	10x	as long as short
GRVT LITE_USDT_Perp	−0.0324%	8h	947.82	+0.624%	$720	$194K	10x	as long as short
Coinbase International LITE-PERP-INTXshort	−0.0112%	1h	946.24	+0.457%	$93K	$215K	10x
Bitget LITEUSDT	−0.0108%	8h	940.79	−0.122%	$2.6M	$3.1M	20x	as long as short
Aster LITEUSDT	0.0000%	8h	943.43	+0.158%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	941.07	−0.092%	$48K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	941.25	−0.073%	$12.0M	$49.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	941.18	−0.081%	$3.6M	$18.4M	25x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LITE_USDT	0.0000%	8h	941.10	−0.089%	$7.9M	$6.3M	50x	as long as short
Variational Omni LITE	0.0000%	8h	944.82	+0.306%	$260K	$140K	—	as long as short
SunX LITE-USDT	0.0000%	8h	940.90	−0.110%	$840	$3.7M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	941.84	−0.011%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	941.01	−0.099%	$1.5M	$742K	10x	as long as short
BloFin LITE-USDT	+0.0004%	8h	942.55	+0.065%	$217K	$242K	20x	as long as short
QFEX LITE-USD	+0.0014%	1h	939.39	−0.271%	$1.1M	$3.8M	10x	as long as short
Lighter LITE	+0.0032%	1h	941.03	−0.097%	$24K	$102K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	939.92	−0.214%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	940.71	−0.131%	$7.7M	$5.7M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	940.09	−0.196%	$73K	$220K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	943.14	+0.127%	$35K	$357K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	941.81	−0.014%	$517K	$64K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	946.59	+0.494%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythoslong	+0.0100%	8h	941.94	long leg	$916	$3K	10x
Aevo LITE-PERP	+0.0104%	1h	942.08	+0.015%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0961%	4h	945.52	+0.380%	$61K	$473K	10x	as long as short