Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h +0.110%

Price spread now: edgeX against Phemex−0.130%7-day average −0.041% · you buy dearer than you sell

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

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.130%, 7d avg −0.041%

Together, before fees+0.442%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.090% cheaper against Phemex than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.041%). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.263% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	947.79	0	get 0.0000% / 8h	2h 51m	$1.5M	$707K	10x
Short	edgeX LITEUSDC	946.56	0.0352	get 0.0176% / 4h	2h 51m	$61K	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $74
Price spread: −0.130% → −0.041%: −$8.97
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $44.03
Costs to cover: 0.210%
Break-even: 2.8 days

Slippage unknown: Phemex: live order book, 2 min ago; edgeX: live order book, 62 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 Phemex live order book, 2 min ago	4.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	3.82 bp	22.3 bp −$22	26.0 bp −$260	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
Bitget LITEUSDT	−0.0571%	8h	947.39	−0.042%	$2.6M	$3.0M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0072%	1h	946.46	−0.140%	$99K	$202K	10x	as long as short
BloFin LITE-USDT	−0.0015%	8h	946.43	−0.143%	$221K	$235K	20x	as long as short
QFEX LITE-USD	0.0000%	1h	947.71	−0.008%	$1.1M	$3.5M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	947.88	+0.009%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.75	−0.005%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.97	+0.019%	$12.2M	$47.8M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.89	+0.011%	$1.8M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.65	−0.015%	$3.7M	$17.8M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	948.70	+0.096%	$7.9M	$6.3M	50x	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	0.0000%	8h	946.52	−0.134%	$260K	$154K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	947.03	−0.080%	$682	$191K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	948.10	+0.033%	$660	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	947.76	−0.003%	$18K	$39K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	948.00	+0.022%	$7K	$31K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	947.79	long leg	$1.5M	$707K	10x
Lighter LITE	+0.0032%	1h	947.52	−0.028%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.10	−0.073%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	948.09	+0.032%	$73K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	946.77	−0.108%	$32K	$326K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.56	−0.024%	$521K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	947.24	−0.058%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.91	+0.013%	$921	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.71	−0.009%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0170%	1h	947.94	+0.016%	$7.2M	$5.6M	10x	as long as short
edgeX LITEUSDCshort	+0.0352%	4h	946.56	−0.130%	$61K	$460K	10x
SoDEX LITE-USD	+0.0726%	1h	947.80	+0.001%	$23K	$9K	10x	as long as short