Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.024%

Price spread now: Polymarket Perps against Bitget−0.260%50s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$760.764% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+1.367%+$137 · spread now −0.260%, 7d avg −0.015%

Together, before fees+1.178%+$118 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.244% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7730	0.0100	pay 0.0050% / 4h	2h 16m	$6.8M	$2.7M	20x
Short	Polymarket Perps LIT-USD	4.7606	0.0026	get 0.0003% / 1h	16m 37s	$450K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$15.51
Price spread: −0.260% → −0.015%: −$24.44
Slippage, 4 orders: −$56.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$116.36
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 6 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 Bitget live order book, 2 min ago	4.20 bp	27.7 bp −$28	117.5 bp −$1,175	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.31 bp	12.5 bp −$12	35.7 bp −$357	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	−0.0999%	1h	4.7598	−0.277%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7546	−0.386%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0600%	4h	4.7640	−0.189%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0562%	4h	4.7570	−0.335%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7565	−0.346%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7599	−0.275%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0327%	4h	4.7690	−0.084%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0284%	4h	4.7690	−0.084%	$43.2M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7677	−0.111%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0264%	1h	4.7638	−0.193%	$669K	$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	−0.245%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	−0.018%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	−0.147%	$248K	$321K	5x	as long as short
Aftermath Perps LITUSD	−0.0041%	1h	4.7606	−0.260%	$12K	$199K	10x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7659	−0.149%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	0.0000%	1h	4.7590	−0.293%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7738	+0.016%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7647	−0.173%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7729	−0.003%	$831K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0016%	1h	4.7604	−0.264%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USDshort	+0.0026%	1h	4.7606	−0.260%	$450K	$105K	10x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.649%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7672	−0.122%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0044%	4h	4.7633	−0.203%	$290K	$311K	10x	as long as short
Binance LITUSDT	+0.0046%	4h	4.7674	−0.117%	$75.5M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7588	−0.298%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7739	+0.019%	$59.8M	$30.1M	5x	as long as short
Extended LIT-USD	+0.0096%	1h	4.7679	−0.106%	$5.3M	$5.2M	25x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7755	+0.052%	$212.5M	$45.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7689	−0.086%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7716	−0.029%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7707	−0.048%	$117K	$449K	5x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7730	long leg	$6.8M	$2.7M	20x
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	−0.105%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7636	−0.196%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7629	−0.212%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7684	−0.096%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.578%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7626	−0.218%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.325%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7641	−0.187%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7756	+0.054%	$3.8M	$14.2M	5x	as long as short