Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0755%/8h= +82.6% APRpaid last 24h +0.160%

Price spread now: edgeX against Bitget−0.047%84s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$580.585% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 3 days (all we have)+0.220%+$22 · spread now −0.047%, 7d avg +0.032%

Together, before fees+0.432%+ Points / potential airdropedgeX: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.079% cheaper against Bitget than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.032%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.212% in total) that is about 2.6 days. The two prices were read 84 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 0.212% in total (about 11.1% 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	Bitget LITEUSDT	966.25	0	get 0.0000% / 8h	7h 28m	$2.8M	$2.8M	20x
Short	edgeX LITEUSDC	965.79	0.0755	get 0.0377% / 4h	3h 28m	$73K	$464K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $158.5
Price spread: −0.047% → +0.032%: −$7.88
Slippage, 4 orders: −$37.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $92.13
Costs to cover: 0.585%
Break-even: 2.9 days

Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 45 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 Bitget live order book, 4 min ago	1.76 bp	12.8 bp −$13	21.3 bp −$213	43.7 bp −$4,373	doesn't fit
Sell edgeX live order book, 45 min ago	5.05 bp	12.7 bp −$13	15.4 bp −$154	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	−0.0096%	1h	960.78	−0.566%	$111K	$212K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	966.62	+0.039%	$108K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	965.94	−0.032%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	966.74	+0.051%	$3.8M	$18.0M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	967.12	+0.090%	$8.1M	$5.9M	50x	as long as short
Bitget LITEUSDTlong	0.0000%	8h	966.25	long leg	$2.8M	$2.8M	20x
GRVT LITE_USDT_Perp	0.0000%	8h	965.66	−0.061%	$744	$209K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	966.60	+0.036%	$688	$4.0M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	966.58	+0.034%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	966.90	+0.067%	$1.5M	$682K	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	+0.0014%	1h	966.16	−0.009%	$1.1M	$5.2M	10x	as long as short
BloFin LITE-USDT	+0.0020%	8h	965.81	−0.046%	$224K	$237K	20x	as long as short
Lighter LITE	+0.0032%	1h	966.58	+0.034%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	966.00	−0.026%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	966.75	+0.052%	$76K	$227K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	966.05	−0.021%	$175K	$155K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	966.19	−0.006%	$521K	$38K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	964.33	−0.199%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	966.81	+0.058%	$940	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	966.81	+0.058%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0281%	1h	966.45	+0.021%	$23K	$10K	10x	as long as short
Variational Omni LITE	+0.0296%	8h	965.66	−0.061%	$243K	$141K	—	as long as short
tradeXYZ xyz:LITE	+0.0338%	1h	966.55	+0.031%	$7.3M	$5.0M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0371%	1h	966.69	+0.046%	$19K	$37K	10x	as long as short
Binance LITEUSDT	+0.0397%	8h	966.46	+0.022%	$13.9M	$44.3M	25x	as long as short
Extended LITE-USD	+0.0400%	1h	966.57	+0.033%	$9K	$209K	10x	as long as short
edgeX LITEUSDCshort	+0.0755%	4h	965.79	−0.047%	$73K	$464K	10x