Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.001%

Price spread now: Bulk against Binance−0.119%7-day average +0.040% · 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−$58as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Binance Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.275%−$28 · spread now −0.119%, 7d avg +0.040%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.159% cheaper against Binance than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.040%). If the spread goes back, that is −$16 on $10k: about 9.4 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.011% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7510	0.0044	pay 0.0022% / 4h	2h 13m	$75.3M	$81.5M	75x
Short	Bulk LIT-USD	4.7454	0.0100	get 0.0013% / 1h	13m 14s	$119K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Binance. 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 BinancebpFee BulkbpOrdersPrice spread, now −0.119%Rate

Funding earned: $11.78
Price spread: −0.119% → +0.040%: −$15.87
Slippage, 4 orders: −$25.43
Fee Binance: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$46.51
Costs to cover: 0.424%
Break-even: 34.6 days

Slippage from Binance: live order book, 14 min ago; Bulk: live order book, 11 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 Binance live order book, 14 min ago	0.21 bp	17.1 bp −$17	39.5 bp −$395	doesn't fit	doesn't fit
Sell Bulk live order book, 11 min ago	0.74 bp	8.4 bp −$8	18.1 bp −$181	57.0 bp −$5,705	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	−0.002%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0613%	4h	4.7472	−0.081%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0593%	4h	4.7500	−0.022%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7505	−0.011%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7590	+0.168%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7540	+0.063%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7510	−0.001%	$25.1M	$62.2M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7523	+0.027%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.7623	+0.237%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	+0.151%	$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_PERP	−0.0237%	1h	4.7629	+0.250%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.444%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0092%	1h	4.7570	+0.125%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	+0.258%	$247K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0041%	1h	4.7499	−0.024%	$1K	$487K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7531	+0.044%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7605	+0.200%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7585	+0.158%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7607	+0.203%	$824K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0019%	1h	4.7564	+0.113%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0021%	1h	4.7556	+0.097%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.115%	$422	$178K	5.5x	as long as short
Binance LITUSDTlong	+0.0044%	4h	4.7510	long leg	$75.3M	$81.5M	75x
MEXC LIT_USDT	+0.0044%	4h	4.7543	+0.069%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	+0.157%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7507	−0.008%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7596	+0.180%	$59.7M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7639	+0.271%	$212.3M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7624	+0.240%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7621	+0.233%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7581	+0.149%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7600	+0.189%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	+0.189%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7563	+0.110%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7577	+0.140%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7637	+0.267%	$191K	$329K	30x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7454	−0.119%	$119K	$6K	10x
Extended LIT-USD	+0.0104%	1h	4.7494	−0.035%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7592	+0.172%	$31K	$841K	33x	as long as short
BloFin LIT-USDT	+0.0176%	4h	4.7518	+0.016%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7573	+0.132%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7608	+0.206%	$3.7M	$14.2M	5x	as long as short