Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h −0.027%

Price spread now: Extended against KuCoin+0.032%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1861.864% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.032%, 7d avg −0.005%

Together, before fees−0.248%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.037% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% 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	KuCoin LITEUSDTM	960.92	0.0100	pay 0.0100% / 8h	13m 19s	$518K	$38K	20x
Short	Extended LITE-USD	961.23	0.0368	get 0.0046% / 1h	13m 19s	$9K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.032%Rate

Funding earned: $56.28
Price spread: +0.032% → −0.005%: $3.73
Slippage, 4 orders: −$169.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$126.39
Costs to cover: 1.864%
Break-even: 22.7 days

Slippage from KuCoin: live order book, 49 min ago; Extended: live order book, 63 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 KuCoin live order book, 49 min ago	15.63 bp	84.0 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	1.77 bp	11.2 bp −$11	148.9 bp −$1,489	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
Deribit LITE_USDC-PERPETUAL	−0.0114%	1h	961.19	+0.028%	$19K	$37K	10x	as long as short
Coinbase International LITE-PERP-INTX	−0.0064%	1h	960.78	−0.015%	$111K	$231K	10x	as long as short
BloFin LITE-USDT	−0.0010%	8h	961.63	+0.074%	$223K	$236K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	961.30	+0.040%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	961.38	+0.048%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	961.61	+0.072%	$3.8M	$18.1M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	962.11	+0.124%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	961.13	+0.022%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDT	0.0000%	8h	961.30	+0.040%	$838	$4.2M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	961.65	+0.076%	$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	962.05	+0.118%	$1.5M	$683K	10x	as long as short
QFEX LITE-USD	+0.0033%	1h	961.44	+0.054%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	961.45	+0.055%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	961.58	+0.069%	$30K	$490K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.83	−0.009%	$176K	$161K	10x	as long as short
Lighter LITE	+0.0096%	1h	961.44	+0.054%	$27K	$102K	10x	as long as short
KuCoin LITEUSDTMlong	+0.0100%	8h	960.92	long leg	$518K	$38K	20x
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	961.36	+0.046%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	961.71	+0.082%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0177%	1h	961.42	+0.052%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0245%	8h	961.91	+0.103%	$242K	$142K	—	as long as short
Extended LITE-USDshort	+0.0368%	1h	961.23	+0.032%	$9K	$209K	10x
Binance LITEUSDT	+0.0370%	8h	961.40	+0.050%	$13.8M	$45.1M	25x	as long as short
tradeXYZ xyz:LITE	+0.0421%	1h	961.72	+0.083%	$7.2M	$5.1M	10x	as long as short
GRVT LITE_USDT_Perp	+0.0448%	8h	961.96	+0.108%	$702	$225K	10x	as long as short
ApeX Omni LITEUSDT	+0.0455%	1h	961.28	+0.037%	$16K	$265K	50x	as long as short
edgeX LITEUSDC	+0.0913%	4h	961.80	+0.091%	$71K	$461K	10x	as long as short