Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.092%

Price spread now: Injective against BloFin+2.028%7-day average −12.153% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 3 days (all we have)−20.004%−$2,000 · spread now +2.028%, 7d avg −12.153%

Together, before fees−20.411%−$2,041 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 14.181% dearer against BloFin than usual: you sell high and buy low (spread +2.028% now, against its 7-day average of −12.153%): +$1,418 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LIT-USDT	4.7085	0.0217	pay 0.0109% / 4h	1h 43m	$1.5M	$2.1M	75x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	43m 23s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +2.028%Rate

Funding earned: −$38.6
Price spread: +2.028% → −12.153%: $1,418.13
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,367.52
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.76 bp	12.3 bp −$12	30.4 bp −$304	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
Gate LIT_USDT	−0.0968%	4h	4.7180	+0.202%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0885%	1h	4.7101	+0.034%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0664%	1h	4.7166	+0.172%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7093	+0.017%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0549%	4h	4.7100	+0.032%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7122	+0.079%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7135	+0.106%	$25.3M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0350%	1h	4.7135	+0.106%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0312%	4h	4.7160	+0.159%	$42.6M	$30.5M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7212	+0.270%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0215%	1h	4.7154	+0.145%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0200%	4h	4.7104	+0.039%	$899K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.351%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7200	+0.244%	$786K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0058%	1h	4.7168	+0.175%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7125	+0.085%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0002%	8h	4.7154	+0.147%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7235	+0.318%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7202	+0.249%	$35K	—	150x	as long as short
SoDEX LIT-USD	+0.0030%	1h	4.7115	+0.064%	$1K	$467K	5x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+2.028%	$422	$178K	5.5x
MEXC LIT_USDT	+0.0054%	4h	4.7163	+0.166%	$5.6M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0054%	4h	4.7112	+0.057%	$287K	$312K	10x	as long as short
Binance LITUSDT	+0.0055%	4h	4.7144	+0.125%	$74.8M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7108	+0.049%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7248	+0.346%	$59.4M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7242	+0.333%	$210.6M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7235	+0.319%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7225	+0.298%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7182	+0.206%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.064%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7200	+0.244%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.096%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7189	+0.221%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7148	+0.134%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7126	+0.087%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7147	+0.132%	$188K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7165	+0.170%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDTlong	+0.0217%	4h	4.7085	long leg	$1.5M	$2.1M	75x
Perpl LIT	+0.0335%	43m	4.7193	+0.229%	$32K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7194	+0.232%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0392%	1h	4.7274	+0.401%	$3.7M	$13.5M	5x	as long as short