Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.033%

Price spread now: Bitget against Aftermath Perps−0.258%7-day average −0.083% · 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−$121as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on Aftermath Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.304%−$30 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now −0.258%, 7d avg −0.083%

Together, before fees−0.685%−$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.175% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.7332	0.0174	pay 0.0022% / 1h	16m 05s	$13K	$203K	10x
Short	Bitget LITUSDT	4.7210	0.0100	get 0.0050% / 4h	16m 05s	$6.7M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. 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 Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now −0.258%Rate

Funding earned: −$15.58
Price spread: −0.258% → −0.083%: −$17.5
Slippage, 4 orders: −$82.6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.68
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 63 min ago; Bitget: live order book, 2 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 Aftermath Perps live order book, 63 min ago	5.21 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.12 bp	27.3 bp −$27	80.2 bp −$802	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
Gate LIT_USDT	−0.0822%	4h	4.7250	−0.173%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0804%	1h	4.7196	−0.287%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0551%	4h	4.7147	−0.391%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0528%	1h	4.7148	−0.389%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0361%	4h	4.7193	−0.294%	$25.6M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7192	−0.296%	$84K	$80K	20x	as long as short
Phemex LITUSDT	−0.0299%	4h	4.7180	−0.321%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0186%	4h	4.7186	−0.309%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.584%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0070%	4h	4.7367	+0.073%	$908K	$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	4.7376	+0.093%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7195	−0.289%	$33K	$850K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7243	−0.188%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7237	−0.202%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7223	−0.229%	$816K	$2.1M	5x	as long as short
Bybit LITUSDT	+0.0023%	4h	4.7220	−0.237%	$42.5M	$30.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7160	−0.363%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.496%	$422	$178K	5.5x	as long as short
Lighter LIT	+0.0096%	1h	4.7273	−0.125%	$59.1M	$30.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7185	−0.311%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7255	−0.163%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7202	−0.275%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7168	−0.346%	$75.1M	$81.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7197	−0.285%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−0.034%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7165	−0.353%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7210	−0.258%	$6.7M	$2.8M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7218	−0.241%	$680K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7343	+0.022%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7390	+0.122%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7215	−0.247%	$446K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7229	−0.218%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7184	−0.313%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7203	−0.273%	$979	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7201	−0.277%	$188K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7191	−0.298%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7175	−0.331%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSDlong	+0.0174%	1h	4.7332	long leg	$13K	$203K	10x
Hyperliquid LIT	+0.0196%	1h	4.7272	−0.127%	$212.0M	$44.9M	5x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7297	−0.074%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7067	−0.560%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0376% / S −0.0169%	1h	4.7238	−0.199%	$62K	—	50x	as long as short