Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps−0.076%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.076% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 5.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps LITE-USD.P	948.37	0.0050	pay 0.0006% / 1h	2m 13s	$32K	$353K	10x
Short	Orderly PERP_LITE_USDC_mythos	947.65	0.0100	get 0.0100% / 8h	2m 13s	$921	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Ondo Perps. 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 Ondo PerpsbpFee OrderlybpOrdersPrice spread, now −0.076%Rate

Funding earned: $10.42
Price spread: −0.076% → 0.000%: −$7.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.18
Costs to cover: 0.110%
Break-even: 12.5 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.225%	$93K	$215K	10x	as long as short
Bitget LITEUSDT	−0.0100%	8h	947.81	−0.059%	$2.6M	$3.1M	20x	as long as short
BloFin LITE-USDT	−0.0017%	8h	947.76	−0.064%	$217K	$243K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	948.32	−0.006%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.59	−0.082%	$49K	$247K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.72	−0.069%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.80	−0.060%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.78	−0.062%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	948.60	+0.024%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.40	−0.103%	$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	−0.077%	$758	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	948.10	−0.028%	$785	$3.7M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	948.16	−0.022%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	948.34	−0.003%	$1.5M	$743K	10x	as long as short
QFEX LITE-USD	+0.0002%	1h	947.63	−0.078%	$1.1M	$3.8M	10x	as long as short
Lighter LITE	+0.0032%	1h	947.22	−0.121%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.15	−0.129%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	947.82	−0.058%	$73K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.76	−0.064%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.Plong	+0.0050%	1h	948.37	long leg	$32K	$353K	10x
KuCoin LITEUSDTM	+0.0100%	8h	947.05	−0.139%	$519K	$56K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	947.61	−0.080%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythosshort	+0.0100%	8h	947.65	−0.076%	$921	$3K	10x
Aevo LITE-PERP	+0.0104%	1h	947.58	−0.083%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0216%	1h	947.69	−0.072%	$7.7M	$5.7M	10x	as long as short
edgeX LITEUSDC	+0.0877%	4h	947.33	−0.109%	$63K	$473K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.1007%	1h	947.78	−0.062%	$18K	$41K	10x	as long as short