Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Phemex−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.112% cheaper against Phemex than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	960.21	0	get 0.0000% / 8h	4h 37m	$1.5M	$689K	10x
Short	Aevo LITE-PERP	959.14	0.0104	get 0.0013% / 1h	37m 51s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.112%Rate

Funding earned: $21.84
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$17.33
Costs to cover: 0.280%
Break-even: 12.6 days

Slippage unknown: Phemex: live order book, 5 min ago; Aevo: no order-book sample. Net counts fees only.

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 Phemex live order book, 5 min ago	1.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0152%	1h	957.73	−0.258%	$101K	$203K	10x	as long as short
BloFin LITE-USDT	−0.0012%	8h	959.98	−0.024%	$224K	$236K	20x	as long as short
QFEX LITE-USD	0.0000%	1h	959.72	−0.051%	$1.1M	$4.2M	10x	as long as short
Aster LITEUSDT	0.0000%	8h	960.05	−0.016%	$108K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	959.38	−0.087%	$9K	$210K	10x	as long as short
Bybit LITEUSDT	0.0000%	8h	959.73	−0.050%	$1.9M	$1.7M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	959.90	−0.032%	$3.8M	$17.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	960.11	−0.010%	$8.1M	$6.3M	50x	as long as short
Bitget LITEUSDT	0.0000%	8h	959.70	−0.053%	$2.6M	$2.9M	20x	as long as short
Variational Omni LITE	0.0000%	8h	960.10	−0.011%	$266K	$147K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LITE_USDT_Perp	0.0000%	8h	960.21	0.000%	$326	$185K	10x	as long as short
SunX LITE-USDT	0.0000%	8h	959.50	−0.074%	$600	$3.8M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	959.39	−0.085%	$19K	$38K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	959.82	−0.041%	$7K	$32K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	960.21	long leg	$1.5M	$689K	10x
Binance LITEUSDT	0.0000%	8h	959.65	−0.058%	$12.6M	$46.6M	25x	as long as short
Lighter LITE	+0.0032%	1h	959.24	−0.101%	$27K	$99K	10x	as long as short
Vest LITE-USD-PERP	+0.0046%	1h	959.71	−0.052%	—	$3K	10x	as long as short
Polymarket Perps LITE-USD	+0.0050%	1h	959.91	−0.031%	$74K	$228K	10x	as long as short
SoDEX LITE-USD	+0.0050%	1h	959.34	−0.091%	$23K	$9K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	960.72	+0.053%	$48K	$292K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	959.18	−0.107%	$526K	$42K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	960.30	+0.009%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	959.40	−0.084%	$933	$3K	10x	as long as short
Aevo LITE-PERPshort	+0.0104%	1h	959.14	−0.112%	—	—	10x
tradeXYZ xyz:LITE	+0.0126%	1h	960.07	−0.015%	$7.2M	$5.4M	10x	as long as short
edgeX LITEUSDC	+0.0192%	4h	960.39	+0.018%	$70K	$450K	10x	as long as short