Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: Bulk against Aster−0.489%7-day average −0.058% · 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−$73as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Aster Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.489%, 7d avg −0.058%

Together, before fees+0.265%+ Points / potential airdropAster: Stage 5 · farm board+$26 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: Bulk is 0.431% cheaper against Aster than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.7133	0.0100	pay 0.0050% / 4h	2h 51m	$12.6M	$2.1M	50x
Short	Bulk LIT-USD	4.6903	0.0096	get 0.0012% / 1h	51m 17s	$117K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.489%Rate

Funding earned: −$0.76
Price spread: −0.489% → −0.058%: −$43.09
Slippage, 4 orders: −$15.01
Fee Aster: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$73.86
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Bulk: live order book, 17 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, 3 min ago	3.09 bp	9.0 bp −$9	23.9 bp −$239	doesn't fit	doesn't fit
Sell Bulk live order book, 17 min ago	0.42 bp	5.5 bp −$6	14.3 bp −$143	38.3 bp −$3,830	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	−0.0592%	1h	4.7087	−0.099%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0474%	4h	4.7083	−0.107%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0462%	1h	4.7157	+0.050%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0428%	1h	4.7123	−0.022%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0415%	1h	4.7138	+0.010%	$683K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0178%	4h	4.7192	+0.124%	$25.6M	$64.0M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.6894	−0.508%	$899K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0140%	4h	4.7100	−0.071%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7095	−0.082%	$5.3M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.542%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7147	+0.029%	$667K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7082	−0.108%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7160	+0.055%	$472	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.923%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.7060	−0.156%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7166	+0.070%	$786K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7218	+0.179%	$59.1M	$29.2M	5x	as long as short
Bulk LIT-USDshort	+0.0096%	1h	4.6903	−0.489%	$117K	$1K	10x
Nado LIT-PERP	+0.0100%	1h	4.7105	−0.060%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7184	+0.107%	$211.4M	$44.3M	5x	as long as short
Aster LITUSDTlong	+0.0100%	4h	4.7133	long leg	$12.6M	$2.1M	50x
Pacifica LIT	+0.0100%	1h	4.7086	−0.101%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7126	−0.016%	$75.3M	$80.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7138	+0.010%	$42.4M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.084%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7071	−0.132%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	+0.056%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6843	−0.617%	$285K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6890	−0.516%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7103	−0.065%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7180	+0.100%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7130	−0.007%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7135	+0.003%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7065	−0.145%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7120	−0.029%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7114	−0.042%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7111	−0.048%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7238	+0.222%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0318%	1h	4.7082	−0.108%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7113	−0.043%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0194%	1h	4.7168	+0.073%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7150	+0.036%	$31K	$860K	33x	as long as short