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: SunX against QFEX+0.032%7-day average +0.010% · 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−$144as in the Price arb table

costs, in and out, $10k−$1461.463% of the position

Long on QFEX Short on SunX

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 3 days (all we have)−0.019%−$2 · spread now +0.032%, 7d avg +0.010%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.022% dearer against QFEX than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.010%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX LITE-USD	964.69	0.0014	pay 0.0002% / 1h	35m 50s	$1.1M	$5.2M	10x
Short	SunX LITE-USDT	965.00	0	get 0.0000% / 8h	7h 35m	$857	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$2.84
Price spread: +0.032% → +0.010%: $2.21
Slippage, 4 orders: −$128.28
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$146.91
Costs to cover: 1.463%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; SunX: live order book, 12 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, 8 min ago	1.24 bp	9.1 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	46.57 bp	65.6 bp −$66	doesn't fit	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
Coinbase International LITE-PERP-INTX	−0.0096%	1h	960.78	−0.405%	$111K	$212K	10x	as long as short
BloFin LITE-USDT	−0.0013%	8h	965.33	+0.066%	$224K	$237K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	965.12	+0.045%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	964.73	+0.004%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	964.96	+0.028%	$3.8M	$18.0M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	964.29	−0.041%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	965.61	+0.095%	$763	$210K	10x	as long as short
SunX LITE-USDTshort	0.0000%	8h	965.00	+0.032%	$857	$4.0M	10x
HTX LITE-USDT	0.0000%	8h	965.38	+0.072%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	965.19	+0.052%	$1.5M	$682K	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	964.69	long leg	$1.1M	$5.2M	10x
Deribit LITE_USDC-PERPETUAL	+0.0020%	1h	964.31	−0.039%	$19K	$37K	10x	as long as short
Lighter LITE	+0.0032%	1h	964.61	−0.008%	$27K	$101K	10x	as long as short
Gate LITE_USDT	+0.0042%	8h	965.43	+0.077%	$8.1M	$5.9M	50x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	964.45	−0.025%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	965.09	+0.041%	$75K	$227K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	965.13	+0.046%	$176K	$150K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	964.54	−0.016%	$520K	$38K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	964.51	−0.019%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	964.96	+0.028%	$938	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	964.93	+0.025%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0132%	4h	965.29	+0.063%	$73K	$463K	10x	as long as short
SoDEX LITE-USD	+0.0276%	1h	964.84	+0.016%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0306%	8h	964.71	+0.002%	$243K	$141K	—	as long as short
tradeXYZ xyz:LITE	+0.0357%	1h	965.31	+0.064%	$7.3M	$5.0M	10x	as long as short
Binance LITEUSDT	+0.0407%	8h	965.03	+0.035%	$13.9M	$44.2M	25x	as long as short
Extended LITE-USD	+0.0408%	1h	964.59	−0.011%	$9K	$209K	10x	as long as short