Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.056%

Price spread now: Coinbase International against SunX−0.098%7-day average −0.242% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1611.615% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.098%, 7d avg −0.242%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.144% dearer against SunX than usual: you sell high and buy low (spread −0.098% now, against its 7-day average of −0.242%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LITE-USDT	958.50	0	get 0.0000% / 8h	5h 38m	$588	$3.8M	10x
Short	Coinbase International LITE-PERP-INTX	957.56	−0.0144	pay 0.0018% / 1h	38m 18s	$106K	$198K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$30.24
Price spread: −0.098% → −0.242%: $14.36
Slippage, 4 orders: −$143.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$177.36
Costs to cover: 1.615%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 25 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 SunX live order book, 10 min ago	46.45 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 25 min ago	7.21 bp	12.2 bp −$12	18.2 bp −$182	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-INTXshort	−0.0144%	1h	957.56	−0.098%	$106K	$198K	10x
BloFin LITE-USDT	−0.0005%	8h	958.61	+0.011%	$225K	$236K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	958.99	+0.051%	$107K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	958.18	−0.033%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	957.88	−0.065%	$3.8M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	958.48	−0.002%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	957.87	−0.066%	$2.6M	$3.0M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	957.64	−0.090%	$287	$187K	10x	as long as short
SunX LITE-USDTlong	0.0000%	8h	958.50	long leg	$588	$3.8M	10x
HTX LITE-USDT	0.0000%	8h	958.91	+0.043%	$7K	$32K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	958.94	+0.046%	$1.5M	$687K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	958.35	−0.016%	$19K	$37K	10x	as long as short
QFEX LITE-USD	+0.0008%	1h	958.00	−0.052%	$1.1M	$4.9M	10x	as long as short
Lighter LITE	+0.0032%	1h	957.72	−0.081%	$27K	$99K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	958.15	−0.037%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	958.16	−0.035%	$74K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	958.36	−0.015%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	958.11	−0.041%	$74K	$269K	10x	as long as short
Variational Omni LITE	+0.0081%	8h	957.82	−0.071%	$266K	$147K	—	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	957.93	−0.059%	$525K	$42K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	957.81	−0.072%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	957.88	−0.065%	$931	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	957.68	−0.085%	—	—	10x	as long as short
Extended LITE-USD	+0.0168%	1h	957.84	−0.069%	$13K	$203K	10x	as long as short
Binance LITEUSDT	+0.0169%	8h	958.11	−0.041%	$12.7M	$46.6M	25x	as long as short
tradeXYZ xyz:LITE	+0.0226%	1h	958.38	−0.013%	$7.1M	$5.4M	10x	as long as short
edgeX LITEUSDC	+0.0940%	4h	957.74	−0.080%	$69K	$454K	10x	as long as short