Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0594%/8h= +65.0% APRpaid last 24h +0.177%

Price spread now: edgeX against Bitget−0.022%84s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$600.597% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.022%, 7d avg +0.032%

Together, before fees+0.403%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.054% cheaper against Bitget than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.032%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.199% in total) that is about 46 hours. The two prices were read 84 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 0.199% in total (about 10.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITEUSDT	960.45	0	get 0.0000% / 8h	46m 09s	$2.8M	$3.1M	20x
Short	edgeX LITEUSDC	960.24	0.0594	get 0.0297% / 4h	46m 09s	$70K	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $124.65
Price spread: −0.022% → +0.032%: −$5.43
Slippage, 4 orders: −$38.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $59.53
Costs to cover: 0.597%
Break-even: 3.7 days

Slippage from Bitget: live order book, 1 min ago; edgeX: live order book, 32 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 Bitget live order book, 1 min ago	2.19 bp	14.9 bp −$15	26.0 bp −$260	50.1 bp −$5,011	doesn't fit
Sell edgeX live order book, 32 min ago	3.60 bp	8.3 bp −$8	11.0 bp −$110	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	−0.0064%	1h	958.20	−0.234%	$115K	$233K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.77	+0.033%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.59	+0.015%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.99	+0.056%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.36	+0.095%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDTlong	0.0000%	8h	960.45	long leg	$2.8M	$3.1M	20x
SunX LITE-USDT	0.0000%	8h	960.70	+0.026%	$611	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.40	−0.005%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	961.34	+0.093%	$1.5M	$685K	10x	as long as short
BloFin LITE-USDT	+0.0019%	8h	960.33	−0.012%	$176K	$235K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0033%	1h	960.46	+0.001%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.93	−0.054%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.42	−0.003%	$30K	$489K	10x	as long as short
Variational Omni LITE	+0.0050%	8h	960.00	−0.047%	$241K	$142K	—	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	−0.042%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.34	−0.011%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.66	+0.022%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.84	+0.041%	—	—	10x	as long as short
Extended LITE-USD	+0.0200%	1h	960.54	+0.009%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0202%	8h	960.71	+0.027%	$13.8M	$45.1M	25x	as long as short
Lighter LITE	+0.0248%	1h	960.86	+0.043%	$27K	$102K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0312%	8h	960.47	+0.002%	$355	$234K	10x	as long as short
SoDEX LITE-USD	+0.0378%	1h	960.61	+0.017%	$23K	$10K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0489%	1h	960.89	+0.046%	$19K	$36K	10x	as long as short
ApeX Omni LITEUSDT	+0.0496%	1h	960.02	−0.045%	$16K	$265K	50x	as long as short
tradeXYZ xyz:LITE	+0.0514%	1h	961.01	+0.058%	$7.2M	$5.0M	10x	as long as short
edgeX LITEUSDCshort	+0.0594%	4h	960.24	−0.022%	$70K	$460K	10x