Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%

Price spread now: Bybit against Polymarket Perps−0.089%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.089%, 7d avg −0.001%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.088% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LITE-USD	959.39	0.0050	pay 0.0006% / 1h	29m 02s	$74K	$228K	10x
Short	Bybit LITEUSDT	958.54	0	get 0.0000% / 8h	5h 29m	$1.9M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$10.5
Price spread: −0.089% → −0.001%: −$8.75
Slippage, 4 orders: −$22.98
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.24
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 33 min ago; Bybit: live order book, 2 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 Polymarket Perps live order book, 33 min ago	2.82 bp	6.9 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.70 bp	12.8 bp −$13	81.0 bp −$810	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	−0.0144%	1h	957.56	−0.191%	$106K	$198K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.49	+0.115%	$108K	$17K	20x	as long as short
Bybit LITEUSDTshort	0.0000%	8h	958.54	−0.089%	$1.9M	$1.7M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	958.50	−0.093%	$3.8M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	959.10	−0.030%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	958.52	−0.091%	$2.6M	$2.9M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	959.10	−0.030%	$307	$187K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	959.20	−0.020%	$769	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	959.20	−0.020%	$19K	$37K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.73	+0.035%	$7K	$32K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITEUSDT	0.0000%	8h	959.43	+0.004%	$1.5M	$688K	10x	as long as short
QFEX LITE-USD	+0.0008%	1h	958.98	−0.043%	$1.1M	$4.8M	10x	as long as short
BloFin LITE-USDT	+0.0020%	8h	959.11	−0.029%	$224K	$236K	20x	as long as short
Lighter LITE	+0.0032%	1h	959.33	−0.006%	$27K	$99K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	958.87	−0.054%	—	$3K	10x	as long as short
Polymarket Perps LITE-USDlong	+0.0050%	1h	959.39	long leg	$74K	$228K	10x
SoDEX LITE-USD	+0.0050%	1h	959.22	−0.018%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	959.29	−0.010%	$71K	$268K	10x	as long as short
Variational Omni LITE	+0.0059%	8h	958.77	−0.065%	$266K	$147K	—	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	958.98	−0.043%	$526K	$42K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	959.22	−0.018%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.34	−0.005%	$932	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.08	−0.032%	—	—	10x	as long as short
Extended LITE-USD	+0.0144%	1h	959.10	−0.030%	$13K	$202K	10x	as long as short
Binance LITEUSDT	+0.0147%	8h	958.39	−0.104%	$12.7M	$46.7M	25x	as long as short
tradeXYZ xyz:LITE	+0.0203%	1h	958.76	−0.066%	$7.1M	$5.4M	10x	as long as short
edgeX LITEUSDC	+0.0982%	4h	958.56	−0.086%	$69K	$455K	10x	as long as short