Funding arb · Price arb /

LITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.102%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.102% cheaper against Phemex than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITEUSDT	950.43	0	get 0.0000% / 8h	45m 58s	$1.5M	$736K	10x
Short	Vest LITE-USD-PERP	949.46	0.0046	get 0.0006% / 1h	45m 58s	—	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.102%Rate

Funding earned: $9.59
Price spread: −0.102% → 0.000%: −$10.21
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$14.61
Costs to cover: 0.140%
Break-even: 17.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Vest: 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, 2 min ago	3.00 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Bitget LITEUSDT	−0.0222%	8h	949.31	−0.118%	$2.6M	$3.1M	20x	as long as short
Coinbase International LITE-PERP-INTX	−0.0120%	1h	947.41	−0.318%	$94K	$214K	10x	as long as short
Aster LITEUSDT	0.0000%	8h	949.92	−0.053%	$106K	$17K	20x	as long as short
Extended LITE-USD	0.0000%	1h	949.47	−0.101%	$49K	$253K	10x	as long as short
Binance LITEUSDT	0.0000%	8h	949.53	−0.095%	$12.2M	$49.4M	25x	as long as short
Bybit LITEUSDT	0.0000%	8h	949.52	−0.096%	$1.8M	$2.0M	25x	as long as short
OKX LITE-USDT-SWAP	0.0000%	8h	949.54	−0.094%	$3.6M	$18.6M	25x	as long as short
Gate LITE_USDT	0.0000%	8h	949.72	−0.075%	$8.0M	$6.5M	50x	as long as short
Variational Omni LITE	0.0000%	8h	948.81	−0.170%	$260K	$143K	—	as long as short
GRVT LITE_USDT_Perp	0.0000%	8h	949.13	−0.137%	$560	$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-USDT	0.0000%	8h	949.90	−0.056%	$1K	$3.7M	10x	as long as short
Deribit LITE_USDC-PERPETUAL	0.0000%	1h	950.01	−0.044%	$18K	$41K	10x	as long as short
HTX LITE-USDT	0.0000%	8h	950.61	+0.019%	$7K	$31K	20x	as long as short
Phemex LITEUSDTlong	0.0000%	8h	950.43	long leg	$1.5M	$736K	10x
QFEX LITE-USD	+0.0002%	1h	950.32	−0.012%	$1.1M	$3.7M	10x	as long as short
BloFin LITE-USDT	+0.0006%	8h	951.03	+0.063%	$216K	$242K	20x	as long as short
Lighter LITE	+0.0032%	1h	950.00	−0.045%	$25K	$104K	10x	as long as short
Vest LITE-USD-PERPshort	+0.0046%	1h	949.46	−0.102%	—	$3K	10x
Polymarket Perps LITE-USD	+0.0050%	1h	950.26	−0.018%	$74K	$229K	10x	as long as short
Ondo Perps LITE-USD.P	+0.0050%	1h	949.17	−0.133%	$33K	$351K	10x	as long as short
KuCoin LITEUSDTM	+0.0100%	8h	949.66	−0.081%	$521K	$43K	20x	as long as short
ApeX Omni LITEUSDT	+0.0100%	1h	950.64	+0.022%	$16K	$266K	50x	as long as short
Orderly PERP_LITE_USDC_mythos	+0.0100%	8h	950.17	−0.027%	$924	$3K	10x	as long as short
Aevo LITE-PERP	+0.0104%	1h	950.08	−0.037%	—	—	10x	as long as short
SoDEX LITE-USD	+0.0186%	1h	949.96	−0.049%	$23K	$9K	10x	as long as short
tradeXYZ xyz:LITE	+0.0244%	1h	949.99	−0.046%	$7.7M	$6.0M	10x	as long as short
edgeX LITEUSDC	+0.0979%	4h	948.81	−0.171%	$63K	$472K	10x	as long as short