Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h 0.000%

Price spread now: Binance against Arcus−0.091%56s7-day average −0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$450.452% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.091%, 7d avg −0.048%

Together, before fees+0.279%+$28 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 Binance is 0.043% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.048%). Swap the legs. The two prices were read 56 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	Arcus LIT-USD	4.7609	0.0100	pay 0.0013% / 1h	14m 40s	$117K	$449K	5x
Short	Binance LITUSDT	4.7566	0.0045	get 0.0023% / 4h	2h 14m	$75.3M	$81.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$11.53
Price spread: −0.091% → −0.048%: −$4.29
Slippage, 4 orders: −$30.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.98
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Arcus: live order book, 9 min ago; Binance: live order book, 13 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, 9 min ago	4.95 bp	7.8 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.21 bp	12.4 bp −$12	35.4 bp −$354	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	−0.1042%	1h	4.7605	−0.009%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7562	−0.099%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7600	−0.019%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0568%	4h	4.7580	−0.061%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7551	−0.122%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	−0.032%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0332%	4h	4.7581	−0.059%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7610	+0.002%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7645	+0.076%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.057%	$901K	$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
Backpack LIT_USDC_PERP	−0.0244%	1h	4.7637	+0.059%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.236%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	+0.002%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	+0.107%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7558	−0.106%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0020%	1h	4.7594	−0.032%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7646	+0.077%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	+0.105%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7639	+0.063%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	+0.006%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7585	−0.050%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.905%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7566	−0.090%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDTshort	+0.0045%	4h	4.7566	−0.091%	$75.3M	$81.5M	75x
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.021%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7581	−0.059%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7675	+0.139%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7686	+0.162%	$212.4M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7661	+0.109%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	+0.061%	$587K	$1.8M	10x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7609	long leg	$117K	$449K	5x
Bitget LITUSDT	+0.0100%	4h	4.7610	+0.002%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	+0.086%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7654	+0.094%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7624	+0.032%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.088%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.326%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7573	−0.075%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7665	+0.118%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	+0.006%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	+0.088%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7700	+0.191%	$3.7M	$14.2M	5x	as long as short