Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0603%/8h= +66.1% APRpaid last 24h +0.013%

Price spread now: HTX against Backpack+0.019%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$790.791% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.019%, 7d avg +0.095%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.076% cheaper against Backpack than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.095%). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$18 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% 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	4.7459	−0.0503	get 0.0063% / 1h	52m 49s	$667K	$1.5M	5x
Short	HTX LIT-USDT	4.7468	0.0100	get 0.0050% / 4h	2h 52m	$189K	$331K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $126.73
Price spread: +0.019% → +0.095%: −$7.6
Slippage, 4 orders: −$57.1
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $40.04
Costs to cover: 0.791%
Break-even: 4.8 days

Slippage from Backpack: live order book, 1 min ago; HTX: live order book, 34 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	1.26 bp	6.6 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	20.73 bp	32.5 bp −$33	159.8 bp −$1,598	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	−0.1072%	1h	4.7443	−0.034%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7407	−0.110%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0564%	4h	4.7386	−0.154%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERPlong	−0.0503%	1h	4.7459	long leg	$667K	$1.5M	5x
Phemex LITUSDT	−0.0469%	4h	4.7380	−0.166%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7448	−0.024%	$85K	$81K	20x	as long as short
Gate LIT_USDT	−0.0360%	4h	4.7450	−0.019%	$2.8M	$4.5M	50x	as long as short
KuCoin LITUSDTM	−0.0332%	4h	4.7463	+0.008%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0298%	4h	4.7428	−0.065%	$25.1M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.044%	$895K	$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
Bybit LITUSDT	−0.0214%	4h	4.7450	−0.019%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0183%	1h	4.7435	−0.050%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USD	−0.0155%	1h	4.7425	−0.072%	$984	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.093%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0056%	1h	4.7415	−0.093%	$5.2M	$5.2M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.015%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0016%	8h	4.7377	−0.173%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.002%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7487	+0.059%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7490	+0.065%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.224%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0051%	1h	4.7474	+0.032%	$448K	$104K	10x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7422	−0.078%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7428	−0.065%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7481	+0.046%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7397	−0.131%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.065%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.354%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7493	+0.072%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.059%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7487	+0.059%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7448	−0.023%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7450	−0.019%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7482	+0.048%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7473	+0.029%	$4K	$1.2M	20x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7468	+0.019%	$189K	$331K	30x
Perpl LIT	+0.0112%	43m	4.7484	+0.052%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0120%	1h	4.7530	+0.150%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0168%	1h	4.7616	+0.330%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0213%	4h	4.7389	−0.147%	$1.6M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7541	+0.173%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7489	+0.062%	$60K	—	50x	as long as short