Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.073%

Price spread now: BloFin against Bulk+0.002%7-day average −0.080% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.230%+$23 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.002%, 7d avg −0.080%

Together, before fees+0.135%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.083% dearer against Bulk than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7397	0.0077	pay 0.0010% / 1h	50m 55s	$119K	$7K	10x
Short	BloFin LIT-USDT	4.7398	0.0203	get 0.0102% / 4h	2h 50m	$1.5M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $26.42
Price spread: +0.002% → −0.080%: $8.25
Slippage, 4 orders: −$23.67
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8
Costs to cover: 0.427%
Break-even: 9.1 days

Slippage from Bulk: live order book, 38 min ago; BloFin: live order book, 2 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, 38 min ago	0.83 bp	6.6 bp −$7	15.3 bp −$153	44.7 bp −$4,473	doesn't fit
Sell BloFin live order book, 2 min ago	3.80 bp	11.4 bp −$11	24.5 bp −$245	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	−0.1161%	1h	4.7413	+0.034%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0656%	1h	4.7346	−0.108%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0569%	4h	4.7364	−0.070%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0567%	1h	4.7448	+0.108%	$666K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0449%	4h	4.7390	−0.015%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0420%	4h	4.7440	+0.091%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7406	+0.018%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7464	+0.141%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0299%	4h	4.7407	+0.021%	$25.1M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.175%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0206%	4h	4.7423	+0.055%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0186%	1h	4.7398	+0.003%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.226%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0080%	1h	4.7408	+0.023%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0063%	1h	4.7415	+0.038%	$982	$474K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.146%	$246K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0016%	8h	4.7355	−0.088%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.133%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7455	+0.123%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7456	+0.124%	$815K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.357%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0051%	4h	4.7390	−0.014%	$74.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7383	−0.030%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.123%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7387	−0.022%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7422	+0.053%	$448K	$104K	10x	as long as short
Bulk LIT-USDlong	+0.0077%	1h	4.7397	long leg	$119K	$7K	10x
Hyperliquid LIT	+0.0100%	1h	4.7457	+0.126%	$210.8M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.190%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7439	+0.089%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7413	+0.034%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7430	+0.070%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	+0.091%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7457	+0.127%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7432	+0.074%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7468	+0.150%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	+0.122%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0112%	1h	4.7497	+0.211%	$59.6M	$29.6M	5x	as long as short
Aftermath Perps LITUSD	+0.0190%	1h	4.7563	+0.350%	$11K	$198K	10x	as long as short
BloFin LIT-USDTshort	+0.0203%	4h	4.7398	+0.002%	$1.5M	$2.0M	75x
Lighter RH LIT	+0.0264%	1h	4.7507	+0.232%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7451	+0.115%	$59K	—	50x	as long as short