Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Binance against Backpack−0.102%7-day average −0.272% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 7 days+0.196%+$20 · spread now −0.102%, 7d avg −0.272%

Together, before fees+0.086%+$9 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: Binance is 0.170% dearer against Backpack than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.272%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7030	0.0100	pay 0.0013% / 1h	34m 12s	$659K	$1.4M	5x
Short	Binance LITUSDT	4.6982	0.0100	get 0.0050% / 4h	3h 34m	$75.4M	$79.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Backpack. 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 BackpackbpFee BinancebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.272%: $16.96
Slippage, 4 orders: −$21.95
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$24.99
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 min ago; Binance: live order book, 8 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 Backpack live order book, 5 min ago	0.11 bp	6.0 bp −$6	17.2 bp −$172	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.11 bp	13.6 bp −$14	37.3 bp −$373	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
Deribit LIT_USDC-PERPETUAL	−0.0543%	1h	4.6993	−0.079%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.6942	−0.187%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.268%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7008	−0.047%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0246%	1h	4.6994	−0.076%	$84K	$67K	20x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	0.000%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.7008	−0.047%	$25.3M	$61.0M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7057	+0.057%	$202K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7041	+0.023%	$792K	$2.2M	5x	as long as short
Nado LIT-PERP	−0.0004%	1h	4.7045	+0.033%	$2.2M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7062	+0.068%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7036	+0.012%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.7000	−0.064%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.148%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0042%	4h	4.6885	−0.307%	$900K	$1.8M	10x	as long as short
Bybit LITUSDT	+0.0072%	4h	4.7017	−0.028%	$41.0M	$29.1M	75x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6984	−0.097%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7059	+0.062%	$58.7M	$28.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7081	+0.108%	$210.2M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7052	+0.047%	$572K	$1.6M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.6982	−0.102%	$75.4M	$79.2M	75x
Arcus LIT-USD	+0.0100%	1h	4.7040	+0.021%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6970	−0.127%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7020	−0.021%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6983	−0.100%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	−0.043%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7030	long leg	$659K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7006	−0.052%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7020	−0.021%	$439K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7024	−0.013%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6994	−0.077%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6994	−0.077%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	+0.096%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6980	−0.106%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6981	−0.104%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6977	−0.113%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7076	+0.097%	$31K	$745K	33x	as long as short
Aftermath Perps LITUSD	+0.0164%	1h	4.7053	+0.049%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0232%	1h	4.7064	+0.072%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0247%	4h	4.7102	+0.154%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6976	−0.115%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7031	+0.003%	$65K	—	50x	as long as short