Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Phemex−0.093%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.093% cheaper against Phemex than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	948.34	0	get 0.0000% / 8h	55m 38s	$1.5M	$735K	10x
Short	Aevo LITE-PERP	947.46	0.0104	get 0.0013% / 1h	55m 38s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.093%Rate

Funding earned: $21.84
Price spread: −0.093% → 0.000%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$15.47
Costs to cover: 0.280%
Break-even: 12.0 days

Slippage unknown: Phemex: live order book, 2 min ago; Aevo: 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 Phemex live order book, 2 min ago	1.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Bitget LITEUSDT	−0.0290%	8h	947.39	−0.100%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0120%	1h	946.65	−0.178%	$92K	$212K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	947.53	−0.085%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.09	−0.132%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	947.17	−0.123%	$12.1M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.83	−0.054%	$1.8M	$1.9M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.77	−0.060%	$3.6M	$18.5M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	948.29	−0.005%	$8.0M	$6.4M	50x	as long as short
Variational Omni LITE	0.0000%	8h	947.81	−0.056%	$260K	$153K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	948.31	−0.003%	$588	$195K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	948.50	+0.017%	$845	$3.7M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	947.62	−0.076%	$18K	$40K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	947.95	−0.041%	$7K	$31K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	948.34	long leg	$1.5M	$735K	10x
QFEX LITE-USD	+0.0002%	1h	946.56	−0.188%	$1.1M	$3.7M	10x	as long as short
BloFin LITE-USDT	+0.0026%	8h	948.28	−0.006%	$215K	$240K	20x	as long as short
Lighter LITE	+0.0032%	1h	947.60	−0.078%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.40	−0.099%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	948.33	−0.001%	$74K	$229K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	947.77	−0.060%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	947.62	−0.076%	$32K	$349K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.77	−0.060%	$520K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	949.15	+0.085%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.48	−0.091%	$921	$3K	10x	as long as short
Aevo LITE-PERPshort	+0.0104%	1h	947.46	−0.093%	—	—	10x
tradeXYZ xyz:LITE	+0.0176%	1h	947.77	−0.060%	$7.7M	$6.0M	10x	as long as short
edgeX LITEUSDC	+0.0953%	4h	948.07	−0.028%	$63K	$471K	10x	as long as short