Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h −0.045%

Price spread now: Phemex against SoDEX+0.037%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phemex

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

The price spread pays, funding is against you. Phemex is 0.037% dearer against SoDEX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LITE-USD	947.90	0.0341	pay 0.0043% / 1h	0m 05s	$23K	$9K	10x
Short	Phemex LITEUSDT	948.25	0	get 0.0000% / 8h	6h 00m	$1.5M	$747K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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 SoDEXbpFee PhemexbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$71.6
Price spread: +0.037% → 0.000%: $3.69
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.91
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	2.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Deribit LITE_USDC-PERPETUAL	−0.0256%	1h	947.72	−0.019%	$18K	$42K	10x	as long as short
Coinbase International LITE-PERP-INTX	−0.0016%	1h	940.46	−0.785%	$93K	$124K	10x	as long as short
BloFin LITE-USDT	−0.0012%	8h	946.93	−0.102%	$215K	$254K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	946.72	−0.125%	$106K	$30K	20x	as long as short
Extended LITE-USD	0.0000%	1h	947.98	+0.008%	$50K	$251K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	948.18	+0.030%	$12.1M	$51.5M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	947.98	+0.008%	$1.8M	$2.1M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	947.80	−0.011%	$3.5M	$18.9M	25x	as long as short
Bitget LITEUSDT	0.0000%	8h	947.78	−0.013%	$2.6M	$3.3M	20x	as long as short
Variational Omni LITE	0.0000%	8h	946.81	−0.115%	$260K	$129K	—	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDT	0.0000%	8h	948.20	+0.032%	$660	$3.5M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	946.89	−0.107%	$7K	$30K	20x	as long as short
Phemex LITEUSDTshort	0.0000%	8h	948.25	+0.037%	$1.5M	$747K	10x
QFEX LITE-USD	+0.0008%	1h	947.39	−0.054%	$1.1M	$3.8M	10x	as long as short
Lighter LITE	+0.0032%	1h	947.98	+0.008%	$26K	$102K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	947.25	−0.069%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	948.01	+0.012%	$73K	$224K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	946.51	−0.147%	$32K	$363K	10x	as long as short
Gate LITE_USDT	+0.0077%	8h	948.55	+0.069%	$8.0M	$6.7M	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	947.80	−0.011%	$921	$3K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	947.23	−0.071%	$518K	$191K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	945.02	−0.304%	$16K	$268K	50x	as long as short
GRVT LITE_USDT_Perp	+0.0101%	8h	947.46	−0.046%	$284	$192K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	947.61	−0.031%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0128%	1h	948.06	+0.017%	$7.7M	$5.6M	10x	as long as short
SoDEX LITE-USDlong	+0.0341%	1h	947.90	long leg	$23K	$9K	10x
edgeX LITEUSDC	+0.0714%	4h	946.85	−0.111%	$62K	$489K	10x	as long as short