Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.046%

Price spread now: SoDEX against Phemex−0.088%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—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. SoDEX is 0.088% cheaper against Phemex than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 39 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	949.17	0	get 0.0000% / 8h	5h 43m	$1.5M	$748K	10x
Short	SoDEX LITE-USD	948.33	0.0183	get 0.0023% / 1h	43m 41s	$23K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $38.38
Price spread: −0.088% → 0.000%: −$8.85
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $9.53
Costs to cover: 0.200%
Break-even: 5.3 days

Slippage unknown: Phemex: live order book, 2 min ago; SoDEX: 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	3.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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	−0.0056%	1h	950.35	+0.124%	$122K	$171K	10x	as long as short
BloFin LITE-USDT	−0.0001%	8h	948.13	−0.110%	$216K	$257K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	946.95	−0.234%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	948.43	−0.078%	$46K	$250K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	948.50	−0.071%	$12.1M	$51.6M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	948.37	−0.084%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	948.59	−0.061%	$3.5M	$19.0M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	948.53	−0.067%	$2.6M	$3.4M	20x	as long as short
Variational Omni LITE	0.0000%	8h	948.25	−0.097%	$260K	$129K	—	as long as short
SunX LITE-USDT	0.0000%	8h	948.10	−0.113%	$689	$3.5M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	948.89	−0.029%	$18K	$41K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	948.38	−0.083%	$7K	$30K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	949.17	long leg	$1.5M	$748K	10x
edgeX LITEUSDC	+0.0024%	4h	948.90	−0.029%	$64K	$490K	10x	as long as short
QFEX LITE-USD	+0.0040%	1h	948.25	−0.097%	$1.1M	$3.7M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	948.58	−0.062%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	948.32	−0.090%	$74K	$224K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	946.95	−0.234%	$32K	$362K	10x	as long as short
Lighter LITE	+0.0080%	1h	948.64	−0.056%	$26K	$102K	10x	as long as short
Gate LITE_USDT	+0.0096%	8h	949.15	−0.002%	$8.0M	$6.6M	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.87	−0.137%	$921	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	948.37	−0.084%	$519K	$209K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	948.50	−0.071%	$16K	$268K	50x	as long as short
Aevo LITE-PERP	+0.0104%	1h	948.22	−0.100%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0168%	1h	948.94	−0.024%	$7.7M	$5.6M	10x	as long as short
SoDEX LITE-USDshort	+0.0183%	1h	948.33	−0.088%	$23K	$9K	10x
GRVT LITE_USDT_Perp	+0.0316%	8h	949.49	+0.034%	$1K	$191K	10x	as long as short