Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.085%

Price spread now: BloFin against Backpack−0.029%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$24 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.029%, 7d avg −0.090%

Together, before fees+0.209%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.061% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.090%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.3% 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	Backpack LIT_USDC_PERP	4.7532	−0.0234	get 0.0029% / 1h	13m 00s	$668K	$1.5M	5x
Short	BloFin LIT-USDT	4.7518	0.0176	get 0.0088% / 4h	2h 13m	$1.5M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $85.99
Price spread: −0.029% → −0.090%: $6.1
Slippage, 4 orders: −$20.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $49.86
Costs to cover: 0.422%
Break-even: 2.9 days

Slippage from Backpack: live order book, 1 min ago; BloFin: 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 Backpack live order book, 1 min ago	0.31 bp	5.6 bp −$6	16.3 bp −$163	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.10 bp	16.9 bp −$17	33.6 bp −$336	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	−0.1249%	1h	4.7509	−0.048%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0613%	4h	4.7472	−0.126%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0593%	4h	4.7500	−0.067%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7505	−0.057%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7530	−0.004%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7540	+0.017%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0340%	4h	4.7460	−0.151%	$25.1M	$62.2M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7490	−0.088%	$42.9M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.7570	+0.080%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	+0.105%	$901K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERPlong	−0.0234%	1h	4.7532	long leg	$668K	$1.5M	5x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.398%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0092%	1h	4.7570	+0.080%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	+0.212%	$247K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0041%	1h	4.7499	−0.069%	$1K	$487K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7531	−0.001%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7605	+0.154%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7585	+0.112%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7607	+0.157%	$824K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0019%	1h	4.7564	+0.067%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0021%	1h	4.7556	+0.052%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.069%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0044%	4h	4.7438	−0.198%	$75.1M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7473	−0.124%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	+0.111%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7507	−0.054%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7596	+0.135%	$59.7M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7576	+0.093%	$212.0M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7560	+0.060%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7621	+0.187%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7581	+0.103%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7520	−0.025%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	+0.143%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7563	+0.064%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7577	+0.095%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7637	+0.221%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.164%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7490	−0.087%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7592	+0.126%	$31K	$841K	33x	as long as short
BloFin LIT-USDTshort	+0.0176%	4h	4.7518	−0.029%	$1.5M	$2.1M	75x
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7573	+0.086%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7608	+0.160%	$3.7M	$14.2M	5x	as long as short