Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against Bulk−0.220%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.220%, 7d avg −0.041%

Together, before fees+0.387%+$39 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.179% cheaper against Bulk than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7316	0.0100	pay 0.0013% / 1h	11m 28s	$118K	$2K	10x
Short	Binance LITUSDT	4.7212	0.0100	get 0.0050% / 4h	11m 28s	$75.3M	$82.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now −0.220%Rate

Funding earned: $0
Price spread: −0.220% → −0.041%: −$17.91
Slippage, 4 orders: −$20.39
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.29
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Bulk: live order book, 2 min ago; Binance: 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 Bulk live order book, 2 min ago	1.70 bp	7.3 bp −$7	17.3 bp −$173	68.1 bp −$6,808	doesn't fit
Sell Binance live order book, 1 min ago	0.21 bp	13.0 bp −$13	32.9 bp −$329	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
Gate LIT_USDT	−0.0820%	4h	4.7290	−0.055%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0665%	1h	4.7294	−0.046%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0544%	4h	4.7230	−0.182%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0536%	1h	4.7136	−0.380%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0347%	4h	4.7253	−0.133%	$25.6M	$63.9M	50x	as long as short
Bullet LIT-USD	−0.0345%	1h	4.7249	−0.142%	$84K	$78K	20x	as long as short
Phemex LITUSDT	−0.0303%	4h	4.7260	−0.118%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0176%	4h	4.7265	−0.108%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.618%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7229	−0.183%	$905K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7285	−0.066%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7245	−0.151%	$32K	$851K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7281	−0.073%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7325	+0.020%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7249	−0.142%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7212	−0.220%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.530%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0036%	4h	4.7230	−0.182%	$42.5M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7291	−0.053%	$59.1M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7245	−0.150%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7324	+0.017%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7264	−0.110%	$588K	$1.7M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7212	−0.220%	$75.3M	$82.0M	75x
Arcus LIT-USD	+0.0100%	1h	4.7231	−0.180%	$120K	$459K	5x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.7316	long leg	$118K	$2K	10x
MEXC LIT_USDT	+0.0100%	4h	4.7215	−0.213%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7250	−0.139%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7316	0.000%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.152%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.161%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7261	−0.116%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7330	+0.030%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7219	−0.205%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7289	−0.057%	$981	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7251	−0.137%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7216	−0.211%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7252	−0.135%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0186%	1h	4.7314	−0.003%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0198%	1h	4.7331	+0.032%	$212.3M	$45.0M	5x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7312	−0.008%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7213	−0.218%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7321	+0.011%	$62K	—	50x	as long as short