Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.104%49s7-day average −0.014% · you sell dearer than you buy

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

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.104%, 7d avg −0.014%

Together, before fees−0.070%−$7 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: Gate is 0.118% dearer against Phemex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	959.81	0	get 0.0000% / 8h	6h 18m	$1.5M	$683K	10x
Short	Gate LITE_USDT	960.81	0	get 0.0000% / 8h	6h 18m	$8.0M	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.014%: $11.8
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.2
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; Gate: live order book, 5 min ago. 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, 5 min ago	1.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.38 bp	16.4 bp −$16	48.9 bp −$489	61.0 bp −$6,104	doesn't fit

LITE on 26 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	−0.0232%	1h	965.50	+0.593%	$111K	$195K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	961.00	+0.123%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.46	+0.068%	$1.9M	$1.6M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	961.12	+0.136%	$3.8M	$17.7M	25x	as long as short
Gate LITE_USDTshort	0.0000%	8h	960.81	+0.104%	$8.0M	$6.0M	50x
Bitget LITEUSDT	0.0000%	8h	960.72	+0.095%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	960.28	+0.049%	$893	$192K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	959.80	−0.001%	$734	$3.9M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.57	−0.025%	$7K	$32K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	959.81	long leg	$1.5M	$683K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0028%	1h	960.31	+0.052%	$1.1M	$5.0M	10x	as long as short
Lighter LITE	+0.0032%	1h	960.21	+0.042%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.73	−0.008%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.50	+0.072%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	959.39	−0.044%	$168K	$165K	10x	as long as short
SoDEX LITE-USD	+0.0073%	1h	960.07	+0.027%	$23K	$10K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.12	+0.032%	$519K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	959.95	+0.015%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.93	+0.117%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.92	+0.116%	—	—	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0156%	1h	960.82	+0.105%	$19K	$37K	10x	as long as short
Variational Omni LITE	+0.0164%	8h	960.26	+0.047%	$266K	$147K	—	as long as short
tradeXYZ xyz:LITE	+0.0176%	1h	960.63	+0.085%	$7.2M	$5.2M	10x	as long as short
Binance LITEUSDT	+0.0278%	8h	960.81	+0.105%	$13.7M	$44.0M	25x	as long as short
Extended LITE-USD	+0.0280%	1h	960.00	+0.020%	$10K	$201K	10x	as long as short
edgeX LITEUSDC	+0.0332%	4h	960.36	+0.057%	$70K	$455K	10x	as long as short