Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0650%/8h= −71.2% APRpaid last 24h −0.110%

Price spread now: Bybit against edgeX−0.072%81s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$570.568% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now −0.072%, 7d avg −0.028%

Together, before fees−0.363%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 81 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 -0.242% in total (about -12.6% 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	edgeX LITEUSDC	947.15	0.0650	pay 0.0325% / 4h	2h 02m	$62K	$471K	10x
Short	Bybit LITEUSDT	946.47	0	get 0.0000% / 8h	2h 02m	$1.8M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$136.47
Price spread: −0.072% → −0.028%: −$4.33
Slippage, 4 orders: −$36.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$197.58
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Bybit: live order book, 4 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 edgeX live order book, 46 min ago	5.01 bp	12.8 bp −$13	15.7 bp −$157	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.06 bp	12.0 bp −$12	86.0 bp −$860	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
Bitget LITEUSDT	−0.0659%	8h	946.69	−0.049%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0072%	1h	946.50	−0.069%	$93K	$211K	10x	as long as short
QFEX LITE-USD	0.0000%	1h	946.56	−0.062%	$1.1M	$3.5M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	946.80	−0.037%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	946.40	−0.079%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	946.73	−0.044%	$12.1M	$49.0M	25x	as long as short
Bybit LITEUSDTshort	0.0000%	8h	946.47	−0.072%	$1.8M	$1.8M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	946.68	−0.050%	$3.6M	$18.2M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	947.43	+0.030%	$7.9M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.18	+0.004%	$260K	$154K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	947.54	+0.041%	$682	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	946.90	−0.026%	$699	$3.8M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	946.97	−0.019%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	947.32	+0.018%	$1.5M	$717K	10x	as long as short
BloFin LITE-USDT	+0.0024%	8h	946.58	−0.060%	$215K	$237K	20x	as long as short
Lighter LITE	+0.0032%	1h	946.46	−0.073%	$25K	$104K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0035%	1h	946.36	−0.083%	$18K	$40K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	945.81	−0.141%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	946.77	−0.040%	$73K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	947.17	+0.002%	$33K	$343K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	946.16	−0.105%	$519K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	946.93	−0.023%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	946.47	−0.072%	$920	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	946.40	−0.079%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0175%	1h	946.59	−0.059%	$7.5M	$5.8M	10x	as long as short
SoDEX LITE-USD	+0.0192%	1h	946.59	−0.059%	$23K	$9K	10x	as long as short
edgeX LITEUSDClong	+0.0650%	4h	947.15	long leg	$62K	$471K	10x