Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0899%/8h= +98.5% APRpaid last 24h +0.183%

Price spread now: edgeX against SunX−0.044%46s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1581.580% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.044%, 7d avg −0.010%

Together, before fees+0.410%+ Points / potential airdropedgeX: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.034% cheaper against SunX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.010%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.322% in total) that is about 18 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.322% in total (about 16.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LITE-USDT	960.80	0	get 0.0000% / 8h	39m 37s	$773	$4.2M	10x
Short	edgeX LITEUSDC	960.38	0.0899	get 0.0450% / 4h	39m 37s	$70K	$459K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SunX. 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 SunXbpFee edgeXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $188.87
Price spread: −0.044% → −0.010%: −$3.4
Slippage, 4 orders: −$141.02
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $27.45
Costs to cover: 1.580%
Break-even: 6.0 days

Slippage from SunX: live order book, 8 min ago; edgeX: live order book, 39 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 SunX live order book, 8 min ago	45.82 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	3.60 bp	8.3 bp −$8	11.0 bp −$110	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	−0.0064%	1h	958.20	−0.271%	$115K	$233K	10x	as long as short
BloFin LITE-USDT	−0.0030%	8h	960.79	−0.001%	$222K	$235K	20x	as long as short
Aster LITEUSDT	0.0000%	8h	960.38	−0.043%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	960.44	−0.037%	$1.9M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	960.92	+0.012%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	961.09	+0.030%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.26	−0.056%	$2.8M	$3.1M	20x	as long as short
SunX LITE-USDTlong	0.0000%	8h	960.80	long leg	$773	$4.2M	10x
HTX LITE-USDT	0.0000%	8h	961.13	+0.034%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	961.23	+0.045%	$1.5M	$685K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USD	+0.0033%	1h	960.38	−0.044%	$1.1M	$5.3M	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	960.02	−0.081%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.45	−0.036%	$30K	$489K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.43	−0.039%	$175K	$160K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.15	−0.068%	$517K	$38K	20x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.46	−0.035%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.61	−0.020%	—	—	10x	as long as short
Variational Omni LITE	+0.0114%	8h	960.42	−0.040%	$241K	$142K	—	as long as short
Lighter LITE	+0.0192%	1h	960.74	−0.006%	$27K	$102K	10x	as long as short
Extended LITE-USD	+0.0232%	1h	960.55	−0.026%	$9K	$209K	10x	as long as short
Binance LITEUSDT	+0.0241%	8h	960.71	−0.009%	$13.8M	$45.1M	25x	as long as short
SoDEX LITE-USD	+0.0264%	1h	960.51	−0.030%	$23K	$10K	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0344%	1h	960.52	−0.029%	$19K	$37K	10x	as long as short
GRVT LITE_USDT_Perp	+0.0352%	8h	960.57	−0.024%	$932	$234K	10x	as long as short
tradeXYZ xyz:LITE	+0.0492%	1h	961.05	+0.026%	$7.2M	$5.1M	10x	as long as short
ApeX Omni LITEUSDT	+0.0533%	1h	959.85	−0.099%	$16K	$265K	50x	as long as short
edgeX LITEUSDCshort	+0.0899%	4h	960.38	−0.044%	$70K	$459K	10x