Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.008%

Price spread now: QFEX against OKX−0.016%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.016%, 7d avg −0.052%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.036% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LITE-USDT-SWAP	947.78	0	get 0.0000% / 8h	2m 09s	$3.6M	$18.6M	25x
Short	QFEX LITE-USD	947.63	0.0002	get 0.0000% / 1h	2m 09s	$1.1M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0.5
Price spread: −0.016% → −0.052%: $3.58
Slippage, 4 orders: −$16.72
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.64
Costs to cover: 0.367%
Break-even: 460.3 days

Slippage from OKX: live order book, 1 min ago; QFEX: live order book, 6 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 OKX live order book, 1 min ago	0.47 bp	10.6 bp −$11	39.0 bp −$390	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.58 bp	7.3 bp −$7	12.4 bp −$124	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	−0.0120%	1h	946.24	−0.162%	$93K	$215K	10x	as long as short
Bitget LITEUSDT	−0.0100%	8h	947.81	+0.003%	$2.6M	$3.1M	20x	as long as short
BloFin LITE-USDT	−0.0017%	8h	947.76	−0.002%	$217K	$243K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	948.32	+0.057%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.59	−0.020%	$49K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.72	−0.007%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.80	+0.002%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAPlong	0.0000%	8h	947.78	long leg	$3.6M	$18.6M	25x
Gate LITE_USDT	0.0000%	8h	948.60	+0.087%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.40	−0.040%	$260K	$140K	—	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	947.64	−0.015%	$758	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	948.10	+0.034%	$785	$3.7M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	948.16	+0.040%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	948.34	+0.059%	$1.5M	$743K	10x	as long as short
QFEX LITE-USDshort	+0.0002%	1h	947.63	−0.016%	$1.1M	$3.8M	10x
Lighter LITE	+0.0032%	1h	947.22	−0.059%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.15	−0.066%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	947.82	+0.004%	$73K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.76	−0.002%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	948.37	+0.062%	$32K	$353K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.05	−0.077%	$519K	$56K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	947.61	−0.018%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.65	−0.014%	$921	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.58	−0.021%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0216%	1h	947.69	−0.009%	$7.7M	$5.7M	10x	as long as short
edgeX LITEUSDC	+0.0877%	4h	947.33	−0.047%	$63K	$473K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.1007%	1h	947.78	0.000%	$18K	$41K	10x	as long as short