Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.097%

Price spread now: Backpack against BloFin+0.572%66s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as 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−$320.316% of the position

Long on BloFin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.442%−$44 · spread now +0.572%, 7d avg +0.089%

Together, before fees−0.715%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.483% dearer against BloFin than usual: you sell high and buy low (spread +0.572% now, against its 7-day average of +0.089%): +$48 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.7 days. The two prices were read 66 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	BloFin LIT-USDT	4.7044	0.0340	pay 0.0170% / 4h	1h 18m	$1.6M	$1.9M	75x
Short	Backpack LIT_USDC_PERP	4.7313	0.0100	get 0.0013% / 1h	18m 00s	$696K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now +0.572%Rate

Funding earned: −$50.4
Price spread: +0.572% → +0.089%: $48.27
Slippage, 4 orders: −$9.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$33.71
Costs to cover: 0.316%
Break-even: from the start

Slippage from BloFin: live order book, 5 min ago; Backpack: live order book, 1 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 BloFin live order book, 5 min ago	1.17 bp	7.9 bp −$8	19.0 bp −$190	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.74 bp	5.9 bp −$6	15.6 bp −$156	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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7096	+0.111%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7145	+0.215%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0244%	1h	4.7150	+0.225%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0239%	1h	4.7139	+0.202%	$85K	$68K	20x	as long as short
Gate LIT_USDT	−0.0092%	4h	4.7280	+0.502%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	+0.085%	$202K	$341K	5x	as long as short
Phemex LITUSDT	−0.0030%	4h	4.7250	+0.438%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.520%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7177	+0.283%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7181	+0.290%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−0.030%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.117%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0034%	4h	4.7414	+0.786%	$5.3M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	+0.0034%	4h	4.7352	+0.655%	$25.5M	$62.2M	50x	as long as short
GRVT LIT_USDT_Perp	+0.0054%	4h	4.6940	−0.221%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.7123	+0.168%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7239	+0.415%	$58.9M	$28.8M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7181	+0.291%	$797K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7131	+0.186%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7341	+0.631%	$211.8M	$41.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7164	+0.255%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7327	+0.602%	$75.3M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7340	+0.629%	$42.0M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	+0.230%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−0.383%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7361	+0.674%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.693%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7313	+0.572%	$696K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7010	−0.072%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7158	+0.242%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7177	+0.282%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7121	+0.164%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7157	+0.240%	$2K	$403K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7363	+0.678%	$195K	$380K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7306	+0.557%	$3.7M	$13.3M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7373	+0.699%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7134	+0.191%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0166%	1h	4.7022	−0.047%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0203%	4h	4.7252	+0.442%	$12.7M	$2.0M	50x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.7044	long leg	$1.6M	$1.9M	75x
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7175	+0.279%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7163	+0.253%	$31K	$814K	33x	as long as short