Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.014%

Price spread now: Deribit against Binance−0.070%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.070% cheaper against Binance than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITEUSDT	965.60	0.0421	pay 0.0421% / 8h	7h 49m	$13.8M	$44.7M	25x
Short	Deribit LITE_USDC-PERPETUAL	964.92	0.0497	get 0.0062% / 1h	49m 54s	$19K	$37K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now −0.070%Rate

Funding earned: $15.82
Price spread: −0.070% → 0.000%: −$7.02
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.2
Costs to cover: 0.170%
Break-even: 10.6 days

Slippage unknown: Binance: live order book, 7 min ago; Deribit: 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 Binance live order book, 7 min ago	1.50 bp	9.6 bp −$10	29.0 bp −$290	103.0 bp −$10.3K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.499%	$111K	$221K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	965.70	+0.011%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	965.19	−0.042%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	965.70	+0.011%	$3.8M	$18.0M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	964.86	−0.076%	$2.8M	$2.8M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	965.00	−0.062%	$872	$4.1M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	965.51	−0.009%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	965.37	−0.024%	$1.5M	$683K	10x	as long as short
Gate LITE_USDT	+0.0003%	8h	965.44	−0.016%	$8.1M	$5.8M	50x	as long as short
QFEX LITE-USD	+0.0014%	1h	964.69	−0.094%	$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	+0.0024%	8h	964.68	−0.095%	$223K	$237K	20x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	964.21	−0.144%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	964.88	−0.074%	$75K	$230K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	964.01	−0.164%	$176K	$158K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0055%	8h	964.83	−0.080%	$598	$222K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	964.87	−0.075%	$520K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	964.64	−0.099%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	965.03	−0.059%	$938	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	964.05	−0.160%	—	—	10x	as long as short
Lighter LITE	+0.0160%	1h	965.07	−0.055%	$27K	$101K	10x	as long as short
Variational Omni LITE	+0.0314%	8h	964.85	−0.078%	$243K	$141K	—	as long as short
tradeXYZ xyz:LITE	+0.0415%	1h	965.64	+0.004%	$7.3M	$5.0M	10x	as long as short
Binance LITEUSDTlong	+0.0421%	8h	965.60	long leg	$13.8M	$44.7M	25x
Extended LITE-USD	+0.0424%	1h	965.40	−0.020%	$9K	$209K	10x	as long as short
Deribit LITE_USDC-PERPETUALshort	+0.0497%	1h	964.92	−0.070%	$19K	$37K	10x
SoDEX LITE-USD	+0.0511%	1h	964.84	−0.079%	$23K	$10K	10x	as long as short
edgeX LITEUSDC	+0.0813%	4h	964.95	−0.067%	$73K	$463K	10x	as long as short