Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0434%/8h= −47.6% APRpaid last 24h −0.088%

Price spread now: OKX against Aevo−0.072%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.072%, 7d avg +0.030%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.102% cheaper against Aevo than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LIT-PERP	4.7314	0.0104	pay 0.0013% / 1h	3m 07s	$148K	$44K	3x
Short	OKX LIT-USDT-SWAP	4.7280	−0.0330	pay 0.0165% / 4h	3m 07s	$25.7M	$64.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Aevo. 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 AevobpFee OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$91.22
Price spread: −0.072% → +0.030%: −$10.21
Slippage, 4 orders: −$114.1
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$241.53
Costs to cover: 1.401%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; OKX: live order book, 6 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 Aevo live order book, 11 min ago	45.52 bp	56.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.84 bp	12.1 bp −$12	30.1 bp −$301	doesn't fit	doesn't fit

LIT on 42 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
Deribit LIT_USDC-PERPETUAL	−0.1068%	1h	4.7290	−0.051%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0812%	4h	4.7320	+0.012%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7269	−0.095%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0537%	4h	4.7252	−0.131%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0381%	1h	4.7295	−0.041%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0330%	4h	4.7280	−0.072%	$25.7M	$64.0M	50x
Phemex LITUSDT	−0.0301%	4h	4.7270	−0.093%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0154%	4h	4.7343	+0.061%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.622%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.009%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7386	+0.152%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7367	+0.111%	$31K	$853K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7403	+0.189%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7358	+0.092%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7385	+0.150%	$800K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.534%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7325	+0.024%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0048%	4h	4.7272	−0.089%	$42.6M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0074%	1h	4.7302	−0.026%	$681K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7326	+0.025%	$59.1M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7355	+0.086%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7334	+0.042%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7376	+0.131%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7241	−0.155%	$75.4M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7375	+0.129%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.049%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7252	−0.131%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.055%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	+0.023%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7300	−0.030%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7362	+0.101%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7342	+0.058%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7322	+0.017%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7288	−0.055%	$1K	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7391	+0.162%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7276	−0.080%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERPlong	+0.0104%	1h	4.7314	long leg	$148K	$44K	3x
Lighter RH LIT	+0.0168%	1h	4.7357	+0.091%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0187%	1h	4.7351	+0.078%	$212.3M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0193%	1h	4.7370	+0.118%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7250	−0.136%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7338	+0.051%	$63K	—	50x	as long as short