Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.067%

Price spread now: Gate against Arcus+0.034%7-day average −0.001% · 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−$60as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.034%, 7d avg −0.001%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.035% dearer against Arcus than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.103% in total) that is about 28 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.103% in total (about -10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7024	0.0100	pay 0.0013% / 1h	33m 18s	$116K	$448K	5x
Short	Gate LIT_USDT	4.7040	−0.0210	pay 0.0105% / 4h	2h 33m	$2.8M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: −$65.1
Price spread: +0.034% → −0.001%: $3.49
Slippage, 4 orders: −$43.57
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.68
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Arcus: live order book, 35 min ago; Gate: live order book, 5 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, 35 min ago	4.82 bp	7.7 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.14 bp	28.9 bp −$29	73.9 bp −$739	doesn't fit	doesn't fit

LIT on 41 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	−0.0668%	1h	4.7001	−0.049%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0608%	1h	4.6969	−0.117%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.6974	−0.106%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0435%	1h	4.6978	−0.098%	$84K	$73K	20x	as long as short
Gate LIT_USDTshort	−0.0210%	4h	4.7040	+0.034%	$2.8M	$4.3M	50x
OKX LIT-USDT-SWAP	−0.0161%	4h	4.7012	−0.026%	$25.5M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7061	+0.079%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.7050	+0.055%	$904K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7030	+0.013%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6823	−0.427%	$202K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0100%	1h	4.7196	+0.366%	$681K	$1.4M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.393%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7061	+0.078%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7020	−0.009%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.239%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.161%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0035%	8h	4.7011	−0.028%	$7K	$2K	5x	as long as short
Phemex LITUSDT	+0.0060%	4h	4.7010	−0.030%	$1.4M	$2.7M	20x	as long as short
SoDEX LIT-USD	+0.0073%	1h	4.7012	−0.026%	$1K	$453K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7049	+0.054%	$787K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7051	+0.057%	$58.9M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7072	+0.102%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7025	+0.002%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7060	+0.077%	$210.6M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7082	+0.123%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7055	+0.066%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6971	−0.113%	$74.9M	$80.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6979	−0.096%	$42.1M	$29.8M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7024	long leg	$116K	$448K	5x
MEXC LIT_USDT	+0.0100%	4h	4.6990	−0.072%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7090	+0.140%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6972	−0.111%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7016	−0.017%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7040	+0.033%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7015	−0.019%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7215	+0.406%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6967	−0.121%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7011	−0.027%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0294%	1h	4.7000	−0.052%	$9K	$212K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0198%	1h	4.7007	−0.037%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7037	+0.027%	$31K	$861K	33x	as long as short