Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Bitget+0.903%7-day average −10.636% · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−16.232%−$1,623 · spread now +0.903%, 7d avg −10.636%

Together, before fees−16.334%−$1,633 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 11.539% dearer against Bitget than usual: you sell high and buy low (spread +0.903% now, against its 7-day average of −10.636%): +$1,154 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7610	0.0100	pay 0.0050% / 4h	2h 17m	$6.7M	$2.7M	20x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	17m 16s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.903%Rate

Funding earned: −$14
Price spread: +0.903% → −10.636%: $1,153.9
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,127.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 1 min ago; Injective: 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, 1 min ago	4.20 bp	27.7 bp −$28	117.5 bp −$1,175	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Deribit LIT_USDC-PERPETUAL	−0.0999%	1h	4.7598	−0.026%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7546	−0.134%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0600%	4h	4.7610	0.000%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0562%	4h	4.7570	−0.084%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7565	−0.095%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7599	−0.023%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0327%	4h	4.7589	−0.044%	$25.1M	$62.2M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7603	−0.015%	$43.1M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0284%	4h	4.7626	+0.034%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0273%	1h	4.7673	+0.132%	$670K	$1.5M	5x	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	−0.0264%	4h	4.7613	+0.006%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.234%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	+0.105%	$248K	$321K	5x	as long as short
Aftermath Perps LITUSD	−0.0041%	1h	4.7606	−0.009%	$12K	$199K	10x	as long as short
Paradex LIT-USD-PERP	−0.0022%	8h	4.7588	−0.046%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	0.0000%	1h	4.7590	−0.042%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7638	+0.058%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7647	+0.078%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7634	+0.050%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0016%	1h	4.7604	−0.013%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0026%	1h	4.7606	−0.008%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+0.903%	$422	$178K	5.5x
MEXC LIT_USDT	+0.0044%	4h	4.7581	−0.061%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0044%	4h	4.7633	+0.048%	$290K	$311K	10x	as long as short
Binance LITUSDT	+0.0046%	4h	4.7573	−0.078%	$75.3M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7588	−0.047%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7682	+0.151%	$59.8M	$30.1M	5x	as long as short
Extended LIT-USD	+0.0096%	1h	4.7584	−0.055%	$5.3M	$5.2M	25x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7679	+0.145%	$212.0M	$45.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7671	+0.128%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7655	+0.095%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7621	+0.023%	$117K	$449K	5x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7610	long leg	$6.7M	$2.7M	20x
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	+0.147%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7636	+0.056%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7629	+0.040%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7684	+0.155%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.328%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7626	+0.034%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.074%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7641	+0.064%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7698	+0.185%	$3.7M	$14.2M	5x	as long as short