Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: ApeX Omni against Bybit+0.108%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.717% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)+0.502%+$50 · spread now +0.108%, 7d avg +0.022%

Together, before fees+0.698%+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.086% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITEUSDT	959.50	0	get 0.0000% / 8h	6h 39m	$1.9M	$1.6M	25x
Short	ApeX Omni LITEUSDT	960.54	0.0100	get 0.0013% / 1h	39m 10s	$16K	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.108%Rate

Funding earned: $21
Price spread: +0.108% → +0.022%: $8.6
Slippage, 4 orders: −$50.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.13
Costs to cover: 0.717%
Break-even: 21.0 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 28 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 Bybit live order book, 2 min ago	1.92 bp	11.0 bp −$11	83.3 bp −$833	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 28 min ago	10.04 bp	22.8 bp −$23	197.4 bp −$1,974	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	−0.0232%	1h	965.50	+0.625%	$111K	$195K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.94	+0.150%	$108K	$17K	20x	as long as short
Bybit LITEUSDTlong	0.0000%	8h	959.50	long leg	$1.9M	$1.6M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	959.65	+0.016%	$3.8M	$17.8M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	959.81	+0.032%	$8.1M	$5.9M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	959.09	−0.043%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	960.98	+0.154%	$327	$194K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	959.40	−0.010%	$734	$3.9M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	959.22	−0.029%	$19K	$37K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	960.05	+0.057%	$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	959.89	+0.041%	$1.5M	$683K	10x	as long as short
BloFin LITE-USDT	+0.0023%	8h	962.75	+0.339%	$227K	$236K	20x	as long as short
QFEX LITE-USD	+0.0028%	1h	958.88	−0.065%	$1.1M	$5.1M	10x	as long as short
Lighter LITE	+0.0032%	1h	959.58	+0.008%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	958.63	−0.091%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	959.37	−0.014%	$75K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	959.53	+0.003%	$23K	$10K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.05	+0.057%	$168K	$165K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.41	−0.009%	$519K	$39K	20x	as long as short
ApeX Omni LITEUSDTshort	+0.0100%	1h	960.54	+0.108%	$16K	$265K	50x
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.56	+0.006%	$933	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	959.57	+0.007%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0202%	1h	959.32	−0.019%	$7.3M	$5.1M	10x	as long as short
Variational Omni LITE	+0.0207%	8h	960.81	+0.136%	$241K	$122K	—	as long as short
Binance LITEUSDT	+0.0319%	8h	959.41	−0.009%	$13.8M	$44.1M	25x	as long as short
Extended LITE-USD	+0.0320%	1h	959.32	−0.018%	$10K	$202K	10x	as long as short
edgeX LITEUSDC	+0.0577%	4h	961.26	+0.183%	$71K	$453K	10x	as long as short