Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.066%

Price spread now: Bybit against Arcus−0.006%46s7-day average −0.034% · 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−$570.568% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.006%, 7d avg −0.034%

Together, before fees+0.012%+$1 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: Bybit is 0.027% dearer against Arcus than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 46 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	4.7653	0.0100	pay 0.0013% / 1h	50m 47s	$123K	$456K	5x
Short	Bybit LITUSDT	4.7650	0.0100	get 0.0050% / 4h	1h 50m	$41.3M	$28.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.034%: $2.73
Slippage, 4 orders: −$41.3
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.07
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Arcus: live order book, 58 min ago; Bybit: live order book, 3 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, 58 min ago	3.26 bp	5.9 bp −$6	10.6 bp −$106	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.05 bp	19.4 bp −$19	67.5 bp −$675	399.3 bp −$39.9K	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.8177	+1.100%	$610K	$355K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0424%	1h	4.7626	−0.056%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7573	−0.168%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0248%	1h	4.7621	−0.067%	$31K	$3K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0176%	4h	4.7672	+0.040%	$25.5M	$61.7M	50x	as long as short
Bullet LIT-USD	−0.0160%	1h	4.7621	−0.067%	$85K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7769	+0.243%	$880K	$1.9M	10x	as long as short
Backpack LIT_USDC_PERP	−0.0047%	1h	4.7687	+0.071%	$672K	$1.1M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7740	+0.184%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7668	+0.031%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7820	+0.350%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.812%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0084%	4h	4.7711	+0.122%	$5.4M	$1.0M	30x	as long as short
ApeX Omni LITUSDT	+0.0086%	1h	4.7760	+0.225%	$57K	$75K	50x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7611	−0.089%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7703	+0.105%	$59.3M	$27.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7645	−0.017%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7695	+0.088%	$611K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7635	−0.038%	$76.4M	$77.2M	75x	as long as short
Bybit LITUSDTshort	+0.0100%	4h	4.7650	−0.006%	$41.3M	$28.7M	75x
Arcus LIT-USDlong	+0.0100%	1h	4.7653	long leg	$123K	$456K	5x
Bulk LIT-USD	+0.0100%	1h	4.7710	+0.120%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7700	+0.099%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7641	−0.025%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	+0.141%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7755	+0.214%	$292K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7644	−0.019%	$447K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7649	−0.007%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7629	−0.050%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7625	−0.059%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7752	+0.208%	$198K	$324K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7650	−0.006%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7642	−0.023%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7622	−0.065%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7693	+0.083%	$32K	$685K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7662	+0.019%	$794K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0194%	1h	4.7884	+0.486%	$9K	$219K	10x	as long as short
Aster LITUSDT	+0.0226%	4h	4.7724	+0.150%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0294%	1h	4.7798	+0.304%	$215.7M	$40.4M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7632	−0.044%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7659	+0.013%	$64K	—	50x	as long as short
Lighter RH LIT	+0.0440%	1h	4.7707	+0.113%	$3.6M	$13.1M	5x	as long as short