Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.083%

Price spread now: Perpl against ApeX Omni−0.305%65s7-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 Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

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

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

Funding pays, the price is against you. Perpl is 0.305% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.305% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 3 months of funding at the current rate ($0 a day). The two prices were read 65 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	4.7450	0.0100	pay 0.0013% / 1h	47m 46s	$56K	$77K	50x
Short	Perpl LIT	4.7305	0.0112	get 0.0010% / 43m	34m 46s	$31K	$844K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.305%Rate

Funding earned: $2.44
Price spread: −0.305% → 0.000%: −$30.47
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$51.83
Costs to cover: 0.238%
Break-even: 155.6 days

Slippage unknown: ApeX Omni: no order-book sample; Perpl: 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

ApeX Omni and Perpl: 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	−0.0953%	1h	4.7325	−0.264%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7214	−0.497%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0622%	1h	4.7316	−0.282%	$665K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0574%	4h	4.7258	−0.405%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0526%	4h	4.7250	−0.421%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0420%	4h	4.7280	−0.358%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7297	−0.322%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0301%	4h	4.7234	−0.455%	$25.0M	$60.6M	50x	as long as short
Bullet LIT-USD	−0.0287%	1h	4.7304	−0.308%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	−0.103%	$898K	$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 LITUSDT	−0.0229%	4h	4.7244	−0.434%	$42.6M	$30.3M	75x	as long as short
Nado LIT-PERP	−0.0175%	1h	4.7270	−0.379%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	−0.214%	$653K	$399K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7242	−0.439%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0054%	1h	4.7320	−0.274%	$980	$480K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	−0.032%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7253	−0.415%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7300	−0.315%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7360	−0.189%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7317	−0.281%	$814K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.243%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7212	−0.502%	$74.6M	$80.8M	75x	as long as short
MEXC LIT_USDT	+0.0042%	4h	4.7220	−0.485%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.011%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7296	−0.324%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0077%	1h	4.7308	−0.299%	$447K	$105K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.112%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7342	−0.228%	$59.4M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7274	−0.371%	$210.0M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7322	−0.270%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7335	−0.241%	$594K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7297	−0.322%	$117K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7250	−0.421%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDTlong	+0.0100%	1h	4.7450	long leg	$56K	$77K	50x
Derive LIT-PERP	+0.0100%	1h	4.7371	−0.167%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7339	−0.234%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7405	−0.095%	$189K	$327K	30x	as long as short
Perpl LITshort	+0.0112%	43m	4.7305	−0.305%	$31K	$844K	33x
BloFin LIT-USDT	+0.0170%	4h	4.7362	−0.185%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0184%	1h	4.7495	+0.094%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0320%	1h	4.7415	−0.074%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7367	−0.174%	$59K	—	50x	as long as short