Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin−0.017%7-day average +0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1521.525% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.017%, 7d avg +0.008%

Together, before fees−0.126%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and QFEX is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITEUSDTM	958.29	0.0100	pay 0.0100% / 8h	5h 46m	$525K	$42K	20x
Short	QFEX LITE-USD	958.13	0.0008	get 0.0001% / 1h	46m 14s	$1.1M	$4.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$19.42
Price spread: −0.017% → +0.008%: −$2.51
Slippage, 4 orders: −$130.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$174.4
Costs to cover: 1.525%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 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 KuCoin live order book, 52 min ago	23.03 bp	72.2 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.46 bp	6.5 bp −$6	10.2 bp −$102	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	−0.0144%	1h	957.56	−0.076%	$106K	$198K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	959.33	+0.108%	$107K	$17K	20x	as long as short
Bybit LITEUSDT	0.0000%	8h	958.32	+0.003%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	958.32	+0.003%	$3.8M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	958.54	+0.026%	$8.0M	$6.2M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	957.94	−0.037%	$2.6M	$3.0M	20x	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	959.11	+0.085%	$317	$188K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	958.00	−0.030%	$695	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	958.09	−0.021%	$19K	$37K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	957.32	−0.101%	$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	958.27	−0.002%	$1.5M	$683K	10x	as long as short
QFEX LITE-USDshort	+0.0008%	1h	958.13	−0.017%	$1.1M	$4.9M	10x
BloFin LITE-USDT	+0.0024%	8h	958.18	−0.011%	—	$236K	20x	as long as short
Lighter LITE	+0.0032%	1h	958.16	−0.014%	$27K	$99K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	958.29	0.000%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	958.25	−0.004%	$74K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	958.10	−0.020%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	958.48	+0.020%	$74K	$266K	10x	as long as short
KuCoin LITEUSDTMlong	+0.0100%	8h	958.29	long leg	$525K	$42K	20x
ApeX Omni LITEUSDT	+0.0100%	1h	957.80	−0.051%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	958.18	−0.011%	$931	$3K	10x	as long as short
Variational Omni LITE	+0.0102%	8h	958.51	+0.023%	$266K	$147K	—	as long as short
Aevo LITE-PERP	+0.0104%	1h	958.10	−0.020%	—	—	10x	as long as short
edgeX LITEUSDC	+0.0115%	4h	958.13	−0.017%	$69K	$455K	10x	as long as short
Binance LITEUSDT	+0.0192%	8h	958.23	−0.006%	$12.7M	$46.5M	25x	as long as short
Extended LITE-USD	+0.0192%	1h	957.97	−0.033%	$13K	$203K	10x	as long as short
tradeXYZ xyz:LITE	+0.0231%	1h	958.45	+0.017%	$7.1M	$5.4M	10x	as long as short