Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.020%

Price spread now: Bybit against ApeX Omni−0.315%89s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.315% cheaper against ApeX Omni than usual: you would sell low and buy high, −$32 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LITUSDT	4.7610	−0.0230	get 0.0029% / 1h	56m 03s	$56K	$78K	50x
Short	Bybit LITUSDT	4.7460	−0.0238	pay 0.0119% / 4h	2h 56m	$42.9M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.315%Rate

Funding earned: −$1.63
Price spread: −0.315% → 0.000%: −$31.51
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.13
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Bybit: live order book, 3 min ago. 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	2.10 bp	18.6 bp −$19	45.0 bp −$450	294.6 bp −$29.5K	doesn't fit

ApeX Omni: 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.

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	−0.0855%	1h	4.7472	−0.291%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0744%	1h	4.7443	−0.351%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7428	−0.382%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0470%	4h	4.7450	−0.336%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0457%	1h	4.7496	−0.239%	$667K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0367%	1h	4.7480	−0.273%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7470	−0.294%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0288%	4h	4.7429	−0.380%	$25.2M	$60.6M	50x	as long as short
Gate LIT_USDT	−0.0270%	4h	4.7500	−0.231%	$2.8M	$4.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0262%	4h	4.7620	+0.021%	$902K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDTshort	−0.0238%	4h	4.7460	−0.315%	$42.9M	$30.1M	75x
ApeX Omni LITUSDTlong	−0.0230%	1h	4.7610	long leg	$56K	$78K	50x
SoDEX LIT-USD	−0.0229%	1h	4.7475	−0.284%	$984	$473K	5x	as long as short
Nado LIT-PERP	−0.0161%	1h	4.7534	−0.159%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.769%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.141%	$246K	$321K	5x	as long as short
Polymarket Perps LIT-USD	−0.0038%	1h	4.7518	−0.193%	$449K	$104K	10x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7469	−0.296%	$5.3M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0019%	8h	4.7489	−0.253%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7600	−0.021%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7525	−0.179%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7548	−0.131%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.903%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7431	−0.376%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7432	−0.374%	$74.9M	$80.7M	75x	as long as short
edgeX LITUSDC	+0.0066%	4h	4.7648	+0.080%	$290K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7458	−0.320%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.036%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7487	−0.258%	$211.0M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7534	−0.160%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7571	−0.082%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7513	−0.204%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	−0.294%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7514	−0.201%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7545	−0.137%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.147%	$190K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7535	−0.157%	$31K	$843K	33x	as long as short
Lighter LIT	+0.0128%	1h	4.7564	−0.097%	$59.6M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7566	−0.092%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.7719	+0.230%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	−0.246%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7520	−0.188%	$60K	—	50x	as long as short