Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.013%

Price spread now: SunX against Backpack−0.029%7-day average −0.075% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.029%, 7d avg −0.075%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SunX is 0.045% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.075%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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	4.7629	−0.0237	get 0.0030% / 1h	13m 25s	$669K	$1.5M	5x
Short	SunX LIT-USDT	4.7615	0.0100	get 0.0050% / 4h	2h 13m	$4K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $70.7
Price spread: −0.029% → −0.075%: $4.55
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $57.24
Costs to cover: 0.180%
Break-even: 1.3 days

Slippage unknown: Backpack: live order book, 1 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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 SunX live order book, 10 min ago	500.04 bp	doesn't fit	doesn't fit	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	−0.1225%	1h	4.7603	−0.054%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7535	−0.197%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0587%	4h	4.7580	−0.103%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7505	−0.260%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7590	−0.082%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7540	−0.186%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7552	−0.162%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7600	−0.061%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.7643	+0.029%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.099%	$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	−0.0237%	1h	4.7629	long leg	$669K	$1.5M	5x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.194%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0075%	1h	4.7593	−0.076%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	+0.008%	$247K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0031%	1h	4.7597	−0.067%	$1K	$487K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7531	−0.205%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7605	−0.050%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7664	+0.074%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7607	−0.047%	$824K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0019%	1h	4.7564	−0.136%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0021%	1h	4.7556	−0.152%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.863%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0044%	4h	4.7544	−0.179%	$75.3M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7555	−0.155%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	−0.093%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7574	−0.115%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7658	+0.061%	$59.7M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7639	+0.021%	$212.3M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7652	+0.048%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7621	−0.017%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7581	−0.101%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7600	−0.061%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	−0.061%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7642	+0.027%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7615	−0.029%	$4K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.046%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.367%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7556	−0.152%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7592	−0.078%	$31K	$841K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	−0.036%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7642	+0.027%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7676	+0.099%	$3.7M	$14.2M	5x	as long as short