Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0184%/8h= −20.2% APRpaid last 24h −0.024%

Price spread now: Polymarket Perps against Binance+0.074%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 3 days (all we have)+1.722%+$172 · spread now +0.074%, 7d avg +0.052%

Together, before fees+1.588%+$159 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.052%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.135% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7501	0.0056	pay 0.0028% / 4h	2h 57m	$75.1M	$80.7M	75x
Short	Polymarket Perps LIT-USD	4.7536	−0.0128	pay 0.0016% / 1h	57m 37s	$449K	$104K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$38.7
Price spread: +0.074% → +0.052%: $2.22
Slippage, 4 orders: −$36.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$91.18
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Polymarket Perps: live order book, 29 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, 15 min ago	0.10 bp	16.2 bp −$16	46.5 bp −$465	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 29 min ago	4.24 bp	9.5 bp −$9	66.0 bp −$660	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	−0.1025%	1h	4.7531	+0.063%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0752%	1h	4.7457	−0.093%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0564%	4h	4.7489	−0.025%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0504%	4h	4.7510	+0.019%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0411%	1h	4.7561	+0.127%	$86K	$81K	20x	as long as short
SoDEX LIT-USD	−0.0380%	1h	4.7531	+0.063%	$985	$474K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0342%	1h	4.7590	+0.187%	$668K	$1.5M	5x	as long as short
KuCoin LITUSDTM	−0.0324%	4h	4.7529	+0.059%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0289%	4h	4.7525	+0.051%	$25.2M	$60.7M	50x	as long as short
Gate LIT_USDT	−0.0268%	4h	4.7560	+0.124%	$2.8M	$4.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0262%	4h	4.7620	+0.251%	$902K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0241%	4h	4.7524	+0.048%	$42.9M	$30.1M	75x	as long as short
ApeX Omni LITUSDT	−0.0230%	1h	4.7610	+0.229%	$56K	$78K	50x	as long as short
Nado LIT-PERP	−0.0209%	1h	4.7510	+0.019%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.002%	$668K	$408K	50x	as long as short
Polymarket Perps LIT-USDshort	−0.0128%	1h	4.7536	+0.074%	$449K	$104K	10x
Phoenix LIT	−0.0067%	1h	4.7770	+0.566%	$247K	$317K	5x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7502	+0.003%	$5K	$1K	5x	as long as short
Extended LIT-USD	−0.0016%	1h	4.7524	+0.049%	$5.3M	$5.2M	25x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7560	+0.124%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7615	+0.240%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7573	+0.152%	$817K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.135%	$422	$178K	5.5x	as long as short
Binance LITUSDTlong	+0.0056%	4h	4.7501	long leg	$75.1M	$80.7M	75x
MEXC LIT_USDT	+0.0058%	4h	4.7513	+0.025%	$6.0M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0066%	4h	4.7648	+0.310%	$290K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7531	+0.063%	$149K	$44K	3x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.265%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7558	+0.120%	$211.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7580	+0.166%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7578	+0.162%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7551	+0.105%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	+0.082%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7593	+0.193%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7582	+0.171%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.377%	$189K	$325K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7626	+0.263%	$31K	$843K	33x	as long as short
Aftermath Perps LITUSD	+0.0141%	1h	4.7797	+0.622%	$11K	$198K	10x	as long as short
Lighter LIT	+0.0152%	1h	4.7624	+0.259%	$59.7M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7635	+0.282%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0246%	4h	4.7590	+0.187%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7610	+0.230%	$60K	—	50x	as long as short