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Funding arb · Price arb /

LYTE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0959%/8h= +105.0% APRpaid last 24h −0.220%
Price spread now: tradeXYZ against edgeX+0.052%46s7-day average −0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1421.416% of the position
Long on edgeXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days−0.522%−$52 on $10k
Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.052%, 7d avg −0.133%
Together, before fees−0.756%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$76 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and tradeXYZ is 0.185% dearer against edgeX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.133%. Mind the row above: over the last 7 days funding on this pair cost −0.522%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.522% in total (about -27.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX LYTEUSDC26.099−0.0909get 0.0454% / 4h3h 36m$25K$252K10x
ShorttradeXYZ xyz:LYTE26.1130.0050get 0.0006% / 1h36m 48s$515K$73K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against edgeX. 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

Funding earned
$201.3
Price spread: +0.052% → −0.133%
$18.54
Slippage, 4 orders
−$114.62
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$78.21
Costs to cover
1.416%
Break-even
4.3 days
Slippage from edgeX: live order book, 61 min ago; tradeXYZ: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 61 min ago17.13 bp36.2 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago9.57 bp43.2 bp −$4367.4 bp −$674doesn't fitdoesn't fit

LYTE on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX LYTEUSDClong−0.0909%4h26.099long leg$25K$252K10x
Bitget LYTEUSDT−0.0581%8h26.098−0.005%$83K$37K20xas long as short
MEXC LYTE_USDT−0.0200%8h26.174+0.286%$57K$81K20xas long as short
Aster LYTEUSDT0.0000%8h26.130+0.116%$16K$28920xas long as short
Binance LYTEUSDT0.0000%8h26.120+0.079%$537K$291K20xas long as short
Bybit LYTEUSDT0.0000%8h26.210+0.424%$96K$24K25xas long as short
OKX LYTE-USDT-SWAP0.0000%8h26.130+0.117%$183K$270K20xas long as short
HTX LYTE-USDT0.0000%8h26.120+0.079%$7K$282K20xas long as short
tradeXYZ xyz:LYTEshort+0.0050%1h26.113+0.052%$515K$73K10x
KuCoin LYTEUSDTM+0.0100%8h26.120+0.079%$14K$972K20xas long as short