Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0225%/8h= −24.6% APRpaid last 24h −0.097%

Price spread now: KuCoin against edgeX+0.187%83s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as 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−$2162.160% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.187%, 7d avg −0.022%

Together, before fees−0.504%+ Points / potential airdropedgeX: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.209% dearer against edgeX than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of −0.022%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.100% in total) that is about 15 days. The two prices were read 83 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 -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITEUSDC	942.44	0.0325	pay 0.0162% / 4h	2h 06m	$59K	$486K	10x
Short	KuCoin LITEUSDTM	944.20	0.0100	get 0.0100% / 8h	6h 06m	$516K	$184K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.187%Rate

Funding earned: −$47.18
Price spread: +0.187% → −0.022%: $20.93
Slippage, 4 orders: −$195.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$242.26
Costs to cover: 2.160%
Break-even: never at this rate

Slippage from edgeX: live order book, 45 min ago; KuCoin: live order book, 39 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, 45 min ago	1.17 bp	5.8 bp −$6	8.3 bp −$83	doesn't fit	doesn't fit
Sell KuCoin live order book, 39 min ago	19.13 bp	97.0 bp −$97	doesn't fit	doesn't fit	doesn't fit

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	−0.0016%	1h	940.46	−0.210%	$93K	$124K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	943.28	+0.089%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	945.97	+0.375%	$50K	$251K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	946.14	+0.393%	$12.0M	$51.5M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	945.35	+0.309%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	946.49	+0.430%	$3.5M	$18.9M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	945.74	+0.350%	$2.6M	$3.3M	20x	as long as short
Variational Omni LITE	0.0000%	8h	942.38	−0.006%	$259K	$129K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	942.73	+0.031%	$980	$192K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	945.70	+0.346%	$738	$3.5M	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	943.21	+0.082%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	946.49	+0.430%	$1.5M	$748K	10x	as long as short
BloFin LITE-USDT	0.0000%	8h	945.34	+0.308%	$216K	$253K	20x	as long as short
QFEX LITE-USD	+0.0008%	1h	946.45	+0.426%	$1.1M	$3.8M	10x	as long as short
Gate LITE_USDT	+0.0020%	8h	946.73	+0.455%	$8.0M	$6.6M	50x	as long as short
Lighter LITE	+0.0032%	1h	944.92	+0.263%	$26K	$102K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	944.93	+0.264%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	945.11	+0.284%	$73K	$224K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	945.05	+0.277%	$32K	$363K	10x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	944.28	+0.196%	$918	$3K	10x	as long as short
KuCoin LITEUSDTMshort	+0.0100%	8h	944.20	+0.187%	$516K	$184K	20x
ApeX Omni LITEUSDT	+0.0100%	1h	942.69	+0.027%	$16K	$268K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	944.40	+0.208%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0138%	1h	945.34	+0.308%	$7.6M	$5.6M	10x	as long as short
SoDEX LITE-USD	+0.0216%	1h	945.04	+0.276%	$23K	$9K	10x	as long as short
edgeX LITEUSDClong	+0.0325%	4h	942.44	long leg	$59K	$486K	10x
Deribit LITE_USDC-PERPETUAL	+0.0999%	1h	945.91	+0.368%	$18K	$42K	10x	as long as short