Settings8H · net · $10k
Funding arb · Price arb /

LITE

RWAall LITE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0685%/8h= +75.0% APRpaid last 24h +0.149%
Price spread now: edgeX against Coinbase International−0.517%77s7-day average +0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.559% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.429%+$43 on $10k
Price spread, last 4 days (all we have)+0.577%+$58 · spread now −0.517%, 7d avg +0.220%
Together, before fees+1.007%+ Points / potential airdropedgeX: Active · farm board+$101 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.738% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.517% now, against its 7-day average of +0.220%). If the spread goes back, that is −$74 on $10k: about 3.6 days of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.429% in total) that is about 12 days. The two prices were read 77 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 0.429% in total (about 22.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LITE-PERP-INTX946.65−0.0072get 0.0009% / 1h44m 08s$92K$212K10x
ShortedgeX LITEUSDC941.750.0613get 0.0307% / 4h1h 44m$60K$472K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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
$143.85
Price spread: −0.517% → +0.220%
−$73.75
Slippage, 4 orders
−$36.87
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$14.23
Costs to cover
0.559%
Break-even
6.3 days
Slippage from Coinbase International: live order book, 64 min ago; edgeX: live order book, 64 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 Coinbase International live order book, 64 min ago7.41 bp13.6 bp −$1422.0 bp −$220doesn't fitdoesn't fit
Sell edgeX live order book, 64 min ago5.01 bp16.8 bp −$1719.7 bp −$197doesn't fitdoesn't fit

LITE on 27 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
Bitget LITEUSDT−0.0665%8h942.67−0.420%$2.6M$3.1M20xas long as short
Deribit LITE_USDC-PERPETUAL−0.0100%1h942.64−0.424%$18K$40K10xas long as short
Coinbase International LITE-PERP-INTXlong−0.0072%1h946.65long leg$92K$212K10x
BloFin LITE-USDT−0.0012%8h943.48−0.335%$217K$237K20xas long as short
Aster LITEUSDT0.0000%8h943.10−0.375%$106K$17K20xas long as short
Extended LITE-USD0.0000%1h942.57−0.431%$14K$220K10xas long as short
Binance LITEUSDT0.0000%8h942.86−0.400%$12.1M$49.2M25xas long as short
Bybit LITEUSDT0.0000%8h942.85−0.401%$1.8M$1.8M25xas long as short
OKX LITE-USDT-SWAP0.0000%8h942.75−0.412%$3.6M$18.2M25xas long as short
Gate LITE_USDT0.0000%8h943.45−0.338%$7.9M$6.4M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni LITE0.0000%8h942.46−0.443%$259K$154Kas long as short
GRVT LITE_USDT_Perp0.0000%8h942.09−0.482%$499$194K10xas long as short
SunX LITE-USDT0.0000%8h942.40−0.449%$575$3.8M10xas long as short
HTX LITE-USDT0.0000%8h942.94−0.392%$7K$31K20xas long as short
Phemex LITEUSDT0.0000%8h942.98−0.388%$1.5M$723K10xas long as short
QFEX LITE-USD+0.0012%1h942.89−0.397%$1.1M$3.5M10xas long as short
Lighter LITE+0.0032%1h942.75−0.412%$24K$104K10xas long as short
Vest LITE-USD-PERP+0.0046%1h942.30−0.460%$3K10xas long as short
Polymarket Perps LITE-USD+0.0050%1h942.82−0.405%$73K$228K10xas long as short
SoDEX LITE-USD+0.0050%1h942.62−0.426%$23K$9K10xas long as short
Ondo Perps LITE-USD.P+0.0050%1h943.29−0.355%$32K$347K10xas long as short
KuCoin LITEUSDTM+0.0100%8h942.80−0.407%$518K$43K20xas long as short
ApeX Omni LITEUSDT+0.0100%1h942.61−0.427%$16K$266K50xas long as short
Orderly PERP_LITE_USDC_mythos+0.0100%8h942.76−0.411%$916$3K10xas long as short
Aevo LITE-PERP+0.0104%1h942.54−0.434%10xas long as short
tradeXYZ xyz:LITE+0.0106%1h943.30−0.354%$7.5M$5.8M10xas long as short
edgeX LITEUSDCshort+0.0613%4h941.75−0.517%$60K$472K10x