Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0499%/8h= −54.7% APRpaid last 24h −0.183%

Price spread now: Variational Omni against edgeX+0.052%7-day average +0.002% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.052%, 7d avg +0.002%

Together, before fees−0.111%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.050% dearer against edgeX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.002%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.087% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.087% in total (about -9.6% 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	960.24	0.0594	pay 0.0297% / 4h	45m 06s	$70K	$460K	10x
Short	Variational Omni LITE	960.74	0.0094	get 0.0094% / 8h	45m 06s	$241K	$142K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.052%Rate

Funding earned: −$104.89
Price spread: +0.052% → +0.002%: $5.01
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$108.89
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 34 min ago; Variational Omni: RFQ quote, 34 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 edgeX live order book, 34 min ago	3.60 bp	20.8 bp −$21	24.1 bp −$241	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 34 min ago	3.85 bp	doesn't fit	25.2 bp −$252	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-INTX	−0.0064%	1h	958.20	−0.213%	$115K	$233K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.27	+0.003%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.23	−0.001%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.78	+0.056%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.03	+0.082%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.21	−0.003%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	960.60	+0.037%	$768	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.88	+0.067%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	961.16	+0.096%	$1.5M	$685K	10x	as long as short
BloFin LITE-USDT	+0.0001%	8h	960.65	+0.043%	$176K	$235K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0033%	1h	960.51	+0.028%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.98	−0.027%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.34	+0.010%	$30K	$489K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	−0.020%	$175K	$160K	10x	as long as short
Variational Omni LITEshort	+0.0094%	8h	960.74	+0.052%	$241K	$142K	—
KuCoin LITEUSDTM	+0.0100%	8h	960.02	−0.023%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.39	+0.016%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.58	+0.035%	—	—	10x	as long as short
Extended LITE-USD	+0.0208%	1h	960.32	+0.008%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0209%	8h	960.56	+0.033%	$13.8M	$45.1M	25x	as long as short
Lighter LITE	+0.0240%	1h	960.42	+0.019%	$27K	$102K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0312%	8h	960.47	+0.024%	$355	$234K	10x	as long as short
SoDEX LITE-USD	+0.0369%	1h	960.39	+0.016%	$23K	$10K	10x	as long as short
tradeXYZ xyz:LITE	+0.0519%	1h	960.74	+0.052%	$7.2M	$5.0M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0521%	1h	960.34	+0.010%	$19K	$36K	10x	as long as short
ApeX Omni LITEUSDT	+0.0525%	1h	959.85	−0.041%	$16K	$265K	50x	as long as short
edgeX LITEUSDClong	+0.0594%	4h	960.24	long leg	$70K	$460K	10x