Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.075%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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.075% cheaper against Phemex than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	965.10	0	get 0.0000% / 8h	7h 52m	$1.5M	$683K	10x
Short	Vest LITE-USD-PERP	964.38	0.0046	get 0.0006% / 1h	52m 54s	—	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.075%Rate

Funding earned: $9.59
Price spread: −0.075% → 0.000%: −$7.46
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$11.87
Costs to cover: 0.140%
Break-even: 15.7 days

Slippage unknown: Phemex: live order book, 5 min ago; Vest: 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	5.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0096%	1h	960.78	−0.448%	$111K	$224K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	965.17	+0.007%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	964.61	−0.051%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	964.98	−0.012%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	965.08	−0.002%	$8.1M	$5.8M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	964.39	−0.074%	$2.8M	$2.8M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	964.70	−0.041%	$994	$4.1M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	963.62	−0.153%	$7K	$31K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	965.10	long leg	$1.5M	$683K	10x
QFEX LITE-USD	+0.0014%	1h	964.51	−0.061%	$1.1M	$5.3M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LITE-USDT	+0.0023%	8h	965.41	+0.032%	$223K	$237K	20x	as long as short
Vest LITE-USD-PERPshort	+0.0046%	1h	964.38	−0.075%	—	$3K	10x
Polymarket Perps LITE-USD	+0.0050%	1h	964.93	−0.018%	$75K	$233K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	964.01	−0.113%	$175K	$162K	10x	as long as short
Lighter LITE	+0.0088%	1h	964.76	−0.035%	$27K	$101K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	963.98	−0.116%	$520K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	964.46	−0.066%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	964.85	−0.026%	$938	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	963.07	−0.211%	—	—	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0144%	1h	964.49	−0.063%	$19K	$37K	10x	as long as short
Variational Omni LITE	+0.0316%	8h	964.24	−0.089%	$243K	$142K	—	as long as short
GRVT LITE_USDT_Perp	+0.0372%	8h	964.90	−0.021%	$608	$224K	10x	as long as short
tradeXYZ xyz:LITE	+0.0418%	1h	965.53	+0.045%	$7.3M	$5.0M	10x	as long as short
Binance LITEUSDT	+0.0423%	8h	964.63	−0.048%	$13.8M	$44.8M	25x	as long as short
Extended LITE-USD	+0.0424%	1h	964.51	−0.061%	$9K	$209K	10x	as long as short
edgeX LITEUSDC	+0.0576%	4h	964.15	−0.099%	$72K	$462K	10x	as long as short
SoDEX LITE-USD	+0.0701%	1h	964.51	−0.061%	$23K	$10K	10x	as long as short