Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.008%

Price spread now: Bybit against Extended+0.053%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.053%, 7d avg −0.007%

Together, before fees−0.148%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.061% dearer against Extended than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.007%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.085% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% 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	Extended LITE-USD	965.85	0.0360	pay 0.0045% / 1h	4m 59s	$9K	$203K	10x
Short	Bybit LITEUSDT	966.37	0	get 0.0000% / 8h	7h 04m	$1.9M	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$75.6
Price spread: +0.053% → −0.007%: $6.05
Slippage, 4 orders: −$32.99
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$118.54
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bybit: 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 Extended live order book, 2 min ago	1.92 bp	11.4 bp −$11	128.4 bp −$1,284	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.95 bp	15.1 bp −$15	91.8 bp −$918	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	−0.0096%	1h	960.78	−0.525%	$111K	$212K	10x	as long as short
BloFin LITE-USDT	−0.0001%	8h	966.12	+0.027%	$225K	$237K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	966.61	+0.078%	$108K	$17K	20x	as long as short
Bybit LITEUSDTshort	0.0000%	8h	966.37	+0.053%	$1.9M	$1.6M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	966.15	+0.031%	$3.8M	$17.9M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	966.55	+0.072%	$8.1M	$5.9M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	965.82	−0.004%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	965.76	−0.010%	$560	$206K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	966.20	+0.036%	$747	$4.0M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	966.15	+0.031%	$7K	$31K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	966.60	+0.077%	$1.5M	$681K	10x	as long as short
QFEX LITE-USD	+0.0014%	1h	965.83	−0.003%	$1.1M	$5.2M	10x	as long as short
Lighter LITE	+0.0032%	1h	965.66	−0.020%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	965.42	−0.045%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	965.90	+0.005%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	965.45	−0.042%	$168K	$165K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	965.64	−0.022%	$521K	$38K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	965.17	−0.071%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	966.02	+0.017%	$939	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	965.97	+0.012%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0180%	1h	965.94	+0.009%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0247%	8h	966.02	+0.017%	$242K	$142K	—	as long as short
tradeXYZ xyz:LITE	+0.0253%	1h	965.93	+0.008%	$7.3M	$5.0M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0330%	1h	965.74	−0.012%	$19K	$37K	10x	as long as short
Extended LITE-USDlong	+0.0360%	1h	965.85	long leg	$9K	$203K	10x
Binance LITEUSDT	+0.0362%	8h	965.98	+0.013%	$13.8M	$44.0M	25x	as long as short
edgeX LITEUSDC	+0.0673%	4h	966.01	+0.016%	$73K	$456K	10x	as long as short