Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.046%

Price spread now: Perpl against Arcus+0.084%7-day average +0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Perpl

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)−1.054%−$105 · spread now +0.084%, 7d avg +0.006%

Together, before fees−0.935%+ Points / potential airdropPerpl: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.078% dearer against Arcus than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.006%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 4 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7204	0.0100	pay 0.0013% / 1h	13m 20s	$115K	$452K	5x
Short	Perpl LIT	4.7244	0	get 0.0000% / 43m	10m 20s	$31K	$738K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$21
Price spread: +0.084% → +0.006%: $7.79
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$31.51
Costs to cover: 0.183%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 40 min ago; 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 Arcus live order book, 40 min ago	4.65 bp	7.9 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

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	−0.0631%	1h	4.7165	−0.082%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0389%	4h	4.7131	−0.155%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7105	−0.210%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.7179	−0.053%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.694%	$607K	$357K	50x	as long as short
Phemex LITUSDT	−0.0273%	4h	4.7160	−0.093%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0203%	4h	4.7180	−0.051%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0074%	4h	4.7172	−0.068%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	−0.072%	$56K	$75K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7260	+0.119%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.7190	−0.030%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7217	+0.026%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7211	+0.014%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7244	+0.084%	$31K	$738K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7230	+0.056%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.771%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7142	−0.132%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7253	+0.104%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0099%	1h	4.7177	−0.056%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7263	+0.125%	$211.0M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7214	+0.021%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7161	−0.091%	$75.7M	$78.8M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7204	long leg	$115K	$452K	5x
Gate LIT_USDT	+0.0100%	4h	4.7220	+0.034%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7160	−0.093%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	+0.119%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7217	+0.028%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.099%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.140%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7180	−0.051%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7200	−0.008%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7153	−0.108%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7171	−0.070%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.040%	$200K	$358K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.559%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7152	−0.111%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7165	−0.082%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7268	+0.136%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7282	+0.166%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	−0.102%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0396%	1h	4.7216	+0.026%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7214	+0.021%	$65K	—	50x	as long as short