Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.105%

Price spread now: Bullet against Bitget−0.117%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bullet is 0.117% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7870	0.0100	pay 0.0050% / 4h	1h 04m	$6.8M	$2.5M	20x
Short	Bullet LIT-USD	4.7814	−0.0192	pay 0.0024% / 1h	4m 00s	$86K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$61.27
Price spread: −0.117% → 0.000%: −$11.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$93.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Bullet: no order-book sample. 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 Bitget live order book, 4 min ago	1.04 bp	21.5 bp −$22	125.1 bp −$1,251	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.189%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7757	−0.236%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0321%	1h	4.7811	−0.124%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7831	−0.081%	$31K	$3K	5x	as long as short
Bullet LIT-USDshort	−0.0192%	1h	4.7814	−0.117%	$86K	$66K	20x
OKX LIT-USDT-SWAP	−0.0134%	4h	4.7806	−0.134%	$25.7M	$60.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7848	−0.045%	$885K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7871	+0.003%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7846	−0.050%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7934	+0.134%	$206K	$301K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.355%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0050%	1h	4.7841	−0.061%	$675K	$941K	5x	as long as short
Bybit LITUSDT	+0.0055%	4h	4.7809	−0.127%	$41.4M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7930	+0.125%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7889	+0.040%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7832	−0.078%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7931	+0.128%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7798	−0.151%	$76.6M	$75.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7871	+0.002%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7870	0.000%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7796	−0.155%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7879	+0.019%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7870	long leg	$6.8M	$2.5M	20x
edgeX LITUSDC	+0.0100%	4h	4.7820	−0.103%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7870	0.000%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7828	−0.088%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	−0.069%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7817	−0.111%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7807	−0.132%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7969	+0.207%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7830	−0.084%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.052%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7784	−0.180%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7817	−0.110%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7883	+0.027%	$812K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0199%	4h	4.7906	+0.075%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0268%	1h	4.7912	+0.088%	$216.2M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7854	−0.033%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7905	+0.073%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7841	−0.060%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0433%	1h	4.7919	+0.103%	$10K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7875	+0.011%	$32K	$664K	33x	as long as short