Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h −0.028%

Price spread now: Backpack against Aster−0.153%7-day average +0.189% · 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−$63as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.016%+$2 on $10k

Price spread, last 7 days+0.329%+$33 · spread now −0.153%, 7d avg +0.189%

Together, before fees+0.345%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Backpack is 0.342% cheaper against Aster than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.189%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.016% in total (about 1.1% 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	Aster LITUSDT	4.7033	0.0100	pay 0.0050% / 4h	2h 52m	$12.6M	$2.1M	50x
Short	Backpack LIT_USDC_PERP	4.6961	−0.0504	pay 0.0063% / 1h	52m 44s	$681K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$126.83
Price spread: −0.153% → +0.189%: −$34.16
Slippage, 4 orders: −$11.19
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$190.19
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Backpack: live order book, 1 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 Aster live order book, 1 min ago	3.09 bp	9.0 bp −$9	23.9 bp −$239	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.64 bp	5.8 bp −$6	15.3 bp −$153	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
01 Exchange LITUSD	−0.0616%	1h	4.6816	−0.461%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERPshort	−0.0504%	1h	4.6961	−0.153%	$681K	$1.4M	5x
Orderly PERP_LIT_USDC	−0.0476%	4h	4.6837	−0.417%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0455%	1h	4.6894	−0.295%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0445%	1h	4.6872	−0.342%	$84K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0179%	4h	4.7005	−0.060%	$25.5M	$63.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0156%	4h	4.6820	−0.453%	$898K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.6979	−0.115%	$5.2M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0135%	1h	4.6860	−0.368%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0124%	4h	4.6990	−0.091%	$2.8M	$4.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.6878	−0.330%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.6919	−0.242%	$664K	$385K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7072	+0.084%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6928	−0.223%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.141%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.6981	−0.111%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7052	+0.040%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7049	+0.034%	$58.9M	$29.1M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.276%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6900	−0.283%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7084	+0.108%	$210.9M	$44.2M	5x	as long as short
Aster LITUSDTlong	+0.0100%	4h	4.7033	long leg	$12.6M	$2.1M	50x
Pacifica LIT	+0.0100%	1h	4.7033	+0.001%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6989	−0.093%	$75.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6990	−0.091%	$42.2M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6998	−0.074%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6994	−0.083%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	−0.006%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6902	−0.279%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6896	−0.291%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6909	−0.263%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6902	−0.279%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6875	−0.336%	$1K	$458K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6902	−0.279%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6860	−0.368%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6943	−0.191%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6862	−0.363%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7111	+0.166%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0290%	1h	4.7031	−0.003%	$10K	$208K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6873	−0.340%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0193%	1h	4.6917	−0.247%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6882	−0.321%	$31K	$858K	33x	as long as short