Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.057%

Price spread now: Bitget against Deribit+0.029%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.029% dearer against Deribit than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LITE_USDC-PERPETUAL	949.77	0.0045	pay 0.0006% / 1h	7m 44s	$18K	$39K	10x
Short	Bitget LITEUSDT	950.05	0	get 0.0000% / 8h	5h 07m	$2.6M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$9.43
Price spread: +0.029% → 0.000%: $2.95
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.48
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 3 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.58 bp	15.0 bp −$15	30.0 bp −$300	60.7 bp −$6,072	doesn't fit

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 exchanges

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	−0.0056%	1h	950.35	+0.061%	$122K	$169K	10x	as long as short
BloFin LITE-USDT	−0.0010%	8h	950.07	+0.032%	$217K	$258K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	949.22	−0.058%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	949.67	−0.011%	$45K	$250K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	949.97	+0.021%	$12.1M	$51.5M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	949.79	+0.002%	$1.8M	$2.2M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	949.90	+0.014%	$3.5M	$19.1M	25x	as long as short
Bitget LITEUSDTshort	0.0000%	8h	950.05	+0.029%	$2.6M	$3.4M	20x
Variational Omni LITE	0.0000%	8h	949.17	−0.063%	$261K	$119K	—	as long as short
SunX LITE-USDT	0.0000%	8h	949.90	+0.014%	$749	$3.4M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LITE-USDT	0.0000%	8h	950.37	+0.063%	$7K	$30K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	950.36	+0.062%	$1.5M	$748K	10x	as long as short
Lighter LITE	+0.0032%	1h	949.52	−0.026%	$27K	$104K	10x	as long as short
QFEX LITE-USD	+0.0040%	1h	949.78	+0.001%	$1.1M	$3.7M	10x	as long as short
Deribit LITE_USDC-PERPETUALlong	+0.0045%	1h	949.77	long leg	$18K	$39K	10x
Vest LITE-USD-PERP	+0.0046%	1h	949.88	+0.012%	—	$3K	10x	as long as short
tradeXYZ xyz:LITE	+0.0050%	1h	949.81	+0.004%	$7.7M	$5.1M	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	949.71	−0.006%	$69K	$232K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	949.90	+0.014%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	949.93	+0.017%	$32K	$364K	10x	as long as short
Gate LITE_USDT	+0.0091%	8h	950.50	+0.077%	$8.0M	$6.7M	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	949.41	−0.038%	$923	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	948.98	−0.083%	$520K	$253K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	948.53	−0.131%	$16K	$268K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	949.29	−0.050%	—	—	10x	as long as short
GRVT LITE_USDT_Perp	+0.0435%	8h	949.31	−0.048%	$949	$191K	10x	as long as short
edgeX LITEUSDC	+0.0836%	4h	948.45	−0.139%	$63K	$488K	10x	as long as short