Funding arb · Price arb /

LITE

RWAall LITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.040%

Price spread now: SunX against Coinbase International−0.438%7-day average +0.232% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$1561.561% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.438%, 7d avg +0.232%

Together, before fees+0.625%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.670% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.438% now, against its 7-day average of +0.232%). If the spread goes back, that is −$67 on $10k: about 31 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LITE-PERP-INTX	946.65	−0.0072	get 0.0009% / 1h	53m 29s	$92K	$212K	10x
Short	SunX LITE-USDT	942.50	0	get 0.0000% / 8h	1h 53m	$1K	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now −0.438%Rate

Funding earned: $15.12
Price spread: −0.438% → +0.232%: −$67.05
Slippage, 4 orders: −$138.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$208.01
Costs to cover: 1.561%
Break-even: 103.3 days

Slippage from Coinbase International: live order book, 54 min ago; SunX: live order book, 5 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 Coinbase International live order book, 54 min ago	7.41 bp	13.6 bp −$14	22.0 bp −$220	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	46.02 bp	65.2 bp −$65	doesn't fit	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
Bitget LITEUSDT	−0.0632%	8h	943.84	−0.297%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTXlong	−0.0072%	1h	946.65	long leg	$92K	$212K	10x
Aster LITEUSDT	0.0000%	8h	943.96	−0.284%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	943.51	−0.332%	$14K	$220K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	943.75	−0.306%	$12.1M	$49.1M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	943.64	−0.318%	$1.8M	$1.8M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	943.06	−0.379%	$3.6M	$18.1M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	944.27	−0.251%	$7.9M	$6.4M	50x	as long as short
Variational Omni LITE	0.0000%	8h	943.63	−0.319%	$259K	$154K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	944.40	−0.238%	$510	$194K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX LITE-USDTshort	0.0000%	8h	942.50	−0.438%	$1K	$3.8M	10x
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	942.82	−0.405%	$18K	$40K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	944.27	−0.251%	$7K	$31K	20x	as long as short
Phemex LITEUSDT	0.0000%	8h	943.79	−0.302%	$1.5M	$720K	10x	as long as short
BloFin LITE-USDT	+0.0004%	8h	944.42	−0.236%	$215K	$238K	20x	as long as short
QFEX LITE-USD	+0.0012%	1h	942.97	−0.389%	$1.1M	$3.5M	10x	as long as short
Lighter LITE	+0.0032%	1h	943.65	−0.317%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	942.45	−0.444%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	943.35	−0.349%	$73K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	943.38	−0.345%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	944.95	−0.180%	$32K	$343K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	943.46	−0.337%	$518K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	944.58	−0.219%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	942.98	−0.388%	$917	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	942.86	−0.401%	—	—	10x	as long as short
tradeXYZ xyz:LITE	+0.0113%	1h	943.51	−0.332%	$7.5M	$5.8M	10x	as long as short
edgeX LITEUSDC	+0.0172%	4h	944.14	−0.265%	$61K	$470K	10x	as long as short