Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.053%

Price spread now: OKX against Coinbase International+0.160%7-day average +0.252% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.160%, 7d avg +0.252%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.092% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.160% now, against its 7-day average of +0.252%). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	957.73	−0.0152	get 0.0019% / 1h	36m 02s	$101K	$203K	10x
Short	OKX LITE-USDT-SWAP	959.26	0	get 0.0000% / 8h	4h 36m	$3.8M	$17.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee OKXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $31.92
Price spread: +0.160% → +0.252%: −$9.21
Slippage, 4 orders: −$18.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$15.42
Costs to cover: 0.381%
Break-even: 10.4 days

Slippage from Coinbase International: live order book, 22 min ago; OKX: live order book, 2 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 Coinbase International live order book, 22 min ago	5.73 bp	11.5 bp −$12	20.7 bp −$207	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.37 bp	8.0 bp −$8	18.7 bp −$187	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-INTXlong	−0.0152%	1h	957.73	long leg	$101K	$203K	10x
BloFin LITE-USDT	−0.0002%	8h	959.31	+0.165%	$224K	$236K	20x	as long as short
QFEX LITE-USD	0.0000%	1h	959.49	+0.184%	$1.1M	$4.1M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.12	+0.249%	$108K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	959.33	+0.167%	$9K	$211K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	959.59	+0.194%	$12.6M	$46.6M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	959.59	+0.194%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAPshort	0.0000%	8h	959.26	+0.160%	$3.8M	$17.5M	25x
Gate LITE_USDT	0.0000%	8h	960.06	+0.243%	$8.1M	$6.3M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	959.70	+0.206%	$2.6M	$2.9M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LITE	0.0000%	8h	959.35	+0.169%	$266K	$147K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	960.21	+0.258%	$326	$185K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	959.50	+0.185%	$600	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	959.29	+0.163%	$19K	$38K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.61	+0.196%	$7K	$32K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	960.00	+0.237%	$1.5M	$690K	10x	as long as short
Lighter LITE	+0.0032%	1h	959.47	+0.182%	$27K	$99K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.51	+0.186%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	959.77	+0.213%	$74K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	959.46	+0.181%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.72	+0.312%	$48K	$292K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.20	+0.153%	$526K	$42K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	960.32	+0.270%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.43	+0.178%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.21	+0.155%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0126%	1h	960.01	+0.238%	$7.2M	$5.4M	10x	as long as short
edgeX LITEUSDC	+0.0631%	4h	959.81	+0.217%	$70K	$451K	10x	as long as short