Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.011%

Price spread now: Gate against QFEX+0.115%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.115%, 7d avg +0.069%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.046% dearer against QFEX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.069%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LITE-USD	965.07	0.0014	pay 0.0002% / 1h	12m 24s	$1.1M	$5.2M	10x
Short	Gate LITE_USDT	966.18	0	get 0.0000% / 8h	7h 12m	$8.1M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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 QFEXbpFee GatebpOrdersPrice spread, now +0.115%Rate

Funding earned: −$2.84
Price spread: +0.115% → +0.069%: $4.58
Slippage, 4 orders: −$19.69
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.95
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: live order book, 1 min ago.

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 QFEX live order book, 6 min ago	1.35 bp	6.7 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.81 bp	17.4 bp −$17	40.9 bp −$409	63.9 bp −$6,389	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
Coinbase International LITE-PERP-INTX	−0.0096%	1h	960.78	−0.445%	$111K	$212K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	966.26	+0.123%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	965.45	+0.039%	$1.9M	$1.6M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	965.43	+0.037%	$3.8M	$17.9M	25x	as long as short
Gate LITE_USDTshort	0.0000%	8h	966.18	+0.115%	$8.1M	$5.9M	50x
Bitget LITEUSDT	0.0000%	8h	965.46	+0.040%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	966.84	+0.183%	$561	$206K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	966.60	+0.159%	$419	$4.0M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	967.19	+0.220%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	966.59	+0.158%	$1.5M	$681K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USDlong	+0.0014%	1h	965.07	long leg	$1.1M	$5.2M	10x
BloFin LITE-USDT	+0.0030%	8h	966.33	+0.131%	$225K	$237K	20x	as long as short
Lighter LITE	+0.0032%	1h	965.98	+0.094%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	965.23	+0.017%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	965.47	+0.041%	$75K	$228K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0050%	1h	966.37	+0.135%	$19K	$37K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	966.05	+0.102%	$175K	$166K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	965.28	+0.022%	$521K	$38K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	966.18	+0.115%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	966.52	+0.150%	$939	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	966.53	+0.151%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0194%	1h	966.34	+0.132%	$23K	$10K	10x	as long as short
tradeXYZ xyz:LITE	+0.0247%	1h	965.53	+0.048%	$7.3M	$5.0M	10x	as long as short
Variational Omni LITE	+0.0265%	8h	966.68	+0.166%	$243K	$141K	—	as long as short
Binance LITEUSDT	+0.0371%	8h	965.31	+0.025%	$13.8M	$44.1M	25x	as long as short
Extended LITE-USD	+0.0376%	1h	965.51	+0.046%	$9K	$203K	10x	as long as short
edgeX LITEUSDC	+0.0425%	4h	966.87	+0.187%	$73K	$465K	10x	as long as short