Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Backpack against Arcus+0.044%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Arcus Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.044%, 7d avg +0.007%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.037% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.8097	0.0100	pay 0.0013% / 1h	14m 37s	$119K	$451K	5x
Short	Backpack LIT_USDC_PERP	4.8118	0.0100	get 0.0013% / 1h	14m 37s	$673K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Arcus. 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 ArcusbpFee BackpackbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.007%: $3.66
Slippage, 4 orders: −$17.62
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$28.45
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 min ago; Backpack: live order book, 4 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 Arcus live order book, 14 min ago	5.08 bp	10.6 bp −$11	15.2 bp −$152	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.83 bp	6.0 bp −$6	14.9 bp −$149	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	−0.1183%	1h	4.8088	−0.019%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.8025	−0.150%	$33K	$5K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0551%	4h	4.8028	−0.143%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0443%	4h	4.8080	−0.035%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0426%	1h	4.8084	−0.026%	$87K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0292%	4h	4.8142	+0.094%	$5.4M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0249%	4h	4.8080	−0.035%	$25.6M	$60.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0244%	4h	4.8235	+0.288%	$910K	$1.9M	10x	as long as short
ApeX Omni LITUSDT	−0.0240%	1h	4.8270	+0.360%	$57K	$81K	50x	as long as short
SoDEX LIT-USD	−0.0196%	1h	4.8065	−0.067%	$996	$474K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0140%	4h	4.8110	+0.027%	$43.6M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0112%	1h	4.8452	+0.739%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.8373	+0.574%	$251K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.8032	−0.134%	$5K	$1K	5x	as long as short
Injective LIT/USDC PERP	−0.0004%	1h	4.8040	−0.119%	$422	$178K	5.5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8130	+0.070%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8145	+0.100%	$36K	—	150x	as long as short
RISEx LIT/USDC	+0.0014%	1h	4.8115	+0.037%	$826K	$2.0M	5x	as long as short
Bulk LIT-USD	+0.0027%	1h	4.8413	+0.657%	$121K	$7K	10x	as long as short
Aftermath Perps LITUSD	+0.0040%	1h	4.8315	+0.454%	$11K	$199K	10x	as long as short
Gate LIT_USDT	+0.0044%	4h	4.8090	−0.015%	$2.9M	$4.5M	50x	as long as short
Binance LITUSDT	+0.0080%	4h	4.8059	−0.078%	$75.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0082%	4h	4.8062	−0.073%	$6.1M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0090%	4h	4.8293	+0.408%	$294K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0096%	1h	4.8145	+0.100%	$151K	$44K	3x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8105	+0.017%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8152	+0.114%	$214.0M	$44.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8127	+0.062%	$604K	$1.8M	10x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.8097	long leg	$119K	$451K	5x
Bitget LITUSDT	+0.0100%	4h	4.8130	+0.069%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.8118	+0.044%	$673K	$1.5M	5x
Polymarket Perps LIT-USD	+0.0100%	1h	4.8098	+0.002%	$454K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8147	+0.104%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8089	−0.017%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8335	+0.495%	$192K	$324K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8076	−0.043%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.8144	+0.098%	$32K	$842K	33x	as long as short
Aster LITUSDT	+0.0144%	4h	4.8149	+0.107%	$12.9M	$2.5M	50x	as long as short
BloFin LIT-USDT	+0.0323%	4h	4.8036	−0.127%	$1.6M	$2.0M	75x	as long as short
Lighter LIT	+0.0336%	1h	4.8165	+0.141%	$60.3M	$29.8M	5x	as long as short
Lighter RH LIT	+0.0352%	1h	4.8205	+0.225%	$3.8M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0428% / S −0.0232%	1h	4.8140	+0.089%	$60K	—	50x	as long as short