Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.011%

Price spread now: QFEX against Bybit+0.054%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.054%, 7d avg −0.021%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.075% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITEUSDT	960.26	0	get 0.0000% / 8h	6h 16m	$1.9M	$1.6M	25x
Short	QFEX LITE-USD	960.78	0.0028	get 0.0003% / 1h	16m 59s	$1.1M	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $5.78
Price spread: +0.054% → −0.021%: $7.47
Slippage, 4 orders: −$22.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.05
Costs to cover: 0.433%
Break-even: 43.4 days

Slippage from Bybit: live order book, 5 min ago; QFEX: live order book, 7 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, 5 min ago	2.97 bp	14.8 bp −$15	84.5 bp −$845	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.72 bp	6.9 bp −$7	11.6 bp −$116	doesn't fit	doesn't fit

LITE on 26 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	+0.546%	$111K	$195K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	961.43	+0.122%	$108K	$17K	20x	as long as short
Bybit LITEUSDTlong	0.0000%	8h	960.26	long leg	$1.9M	$1.6M	25x
OKX LITE-USDT-SWAP	0.0000%	8h	960.36	+0.010%	$3.8M	$17.7M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	960.85	+0.061%	$8.0M	$6.0M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	960.58	+0.033%	$2.8M	$2.8M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	959.38	−0.092%	$892	$192K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	960.90	+0.067%	$811	$3.9M	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.56	−0.073%	$7K	$32K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	961.27	+0.105%	$1.5M	$683K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LITE-USDshort	+0.0028%	1h	960.78	+0.054%	$1.1M	$5.0M	10x
Lighter LITE	+0.0032%	1h	960.95	+0.072%	$27K	$101K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	960.55	+0.030%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	960.94	+0.071%	$75K	$228K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	959.39	−0.091%	$168K	$165K	10x	as long as short
SoDEX LITE-USD	+0.0084%	1h	960.81	+0.057%	$23K	$10K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	960.57	+0.032%	$520K	$39K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	959.36	−0.094%	$16K	$265K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	960.92	+0.069%	$934	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	960.98	+0.075%	—	—	10x	as long as short
Deribit LITE_USDC-PERPETUAL	+0.0114%	1h	960.77	+0.053%	$19K	$37K	10x	as long as short
Variational Omni LITE	+0.0164%	8h	960.26	0.000%	$266K	$147K	—	as long as short
tradeXYZ xyz:LITE	+0.0174%	1h	960.83	+0.059%	$7.2M	$5.2M	10x	as long as short
Extended LITE-USD	+0.0272%	1h	960.37	+0.011%	$10K	$201K	10x	as long as short
Binance LITEUSDT	+0.0274%	8h	960.52	+0.027%	$13.7M	$44.0M	25x	as long as short
edgeX LITEUSDC	+0.0354%	4h	959.35	−0.095%	$70K	$455K	10x	as long as short