Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.048%

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

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

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.041% cheaper against Phemex than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	947.79	0	get 0.0000% / 8h	8m 02s	$1.5M	$742K	10x
Short	SoDEX LITE-USD	947.40	0.0050	get 0.0006% / 1h	8m 02s	$23K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → 0.000%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.61
Costs to cover: 0.200%
Break-even: 16.1 days

Slippage unknown: Phemex: live order book, 5 min ago; SoDEX: 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 Phemex live order book, 5 min ago	3.48 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0120%	1h	946.24	−0.164%	$93K	$215K	10x	as long as short
Bitget LITEUSDT	−0.0105%	8h	947.33	−0.049%	$2.6M	$3.1M	20x	as long as short
Aster LITEUSDT	0.0000%	8h	948.56	+0.081%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.24	−0.058%	$49K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.41	−0.040%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.74	−0.005%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.08	−0.075%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	947.83	+0.004%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.49	−0.032%	$260K	$140K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	947.69	−0.011%	$1K	$194K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	947.40	−0.041%	$896	$3.7M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	947.41	−0.040%	$18K	$41K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	947.68	−0.012%	$7K	$31K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	947.79	long leg	$1.5M	$742K	10x
QFEX LITE-USD	+0.0002%	1h	947.65	−0.015%	$1.1M	$3.8M	10x	as long as short
BloFin LITE-USDT	+0.0015%	8h	947.94	+0.016%	$216K	$243K	20x	as long as short
Lighter LITE	+0.0032%	1h	947.47	−0.034%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.17	−0.065%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	947.65	−0.015%	$73K	$229K	10x	as long as short
SoDEX LITE-USDshort	+0.0050%	1h	947.40	−0.041%	$23K	$9K	10x
Ondo Perps LITE-USD.P	+0.0050%	1h	947.38	−0.043%	$32K	$353K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.37	−0.044%	$520K	$50K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	946.95	−0.089%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.39	−0.042%	$921	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.33	−0.048%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0219%	1h	947.58	−0.022%	$7.7M	$5.7M	10x	as long as short
edgeX LITEUSDC	+0.0496%	4h	947.04	−0.080%	$63K	$472K	10x	as long as short