Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Bulk+0.045%56s7-day average −0.020% · 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—prices read too far apart to compare

costs, in and out, $10k−$370.365% of the position

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.045%, 7d avg −0.020%

Together, before fees+0.038%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.065% dearer against Bulk than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 3 days (−0.010% in total) that is about 21 days. The two prices were read 56 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	Bulk LIT-USD	4.7627	0.0088	pay 0.0011% / 1h	56m 34s	$119K	$7K	10x
Short	edgeX LITUSDC	4.7648	0.0066	get 0.0033% / 4h	2h 56m	$290K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$4.54
Price spread: +0.045% → −0.020%: $6.47
Slippage, 4 orders: −$20.54
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.61
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from Bulk: live order book, 32 min ago; edgeX: live order book, 31 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, 32 min ago	0.83 bp	6.6 bp −$7	15.3 bp −$153	44.7 bp −$4,473	doesn't fit
Sell edgeX live order book, 31 min ago	5.18 bp	11.6 bp −$12	doesn't fit	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	−0.0827%	1h	4.7501	−0.264%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0744%	1h	4.7443	−0.386%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7435	−0.403%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7470	−0.330%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0483%	1h	4.7528	−0.208%	$667K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.7506	−0.254%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7510	−0.246%	$5.3M	$1.1M	30x	as long as short
SoDEX LIT-USD	−0.0323%	1h	4.7490	−0.288%	$986	$474K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0289%	4h	4.7522	−0.220%	$25.2M	$60.7M	50x	as long as short
Gate LIT_USDT	−0.0270%	4h	4.7510	−0.246%	$2.8M	$4.5M	50x	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	−0.0262%	4h	4.7620	−0.015%	$902K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0238%	4h	4.7550	−0.162%	$43.0M	$30.1M	75x	as long as short
ApeX Omni LITUSDT	−0.0230%	1h	4.7610	−0.036%	$56K	$78K	50x	as long as short
Nado LIT-PERP	−0.0209%	1h	4.7510	−0.246%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.733%	$668K	$408K	50x	as long as short
Polymarket Perps LIT-USD	−0.0128%	1h	4.7536	−0.191%	$449K	$104K	10x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.105%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7505	−0.257%	$5.3M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0019%	8h	4.7489	−0.289%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7600	−0.057%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7539	−0.185%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7548	−0.166%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.867%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7514	−0.237%	$6.0M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7518	−0.228%	$75.1M	$80.6M	75x	as long as short
edgeX LITUSDCshort	+0.0066%	4h	4.7648	+0.045%	$290K	$310K	10x
Aevo LIT-PERP	+0.0072%	1h	4.7488	−0.292%	$149K	$44K	3x	as long as short
Bulk LIT-USDlong	+0.0088%	1h	4.7627	long leg	$119K	$7K	10x
Hyperliquid LIT	+0.0100%	1h	4.7567	−0.126%	$211.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7580	−0.099%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7571	−0.118%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7513	−0.239%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	−0.183%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	−0.168%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7510	−0.246%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.111%	$190K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7562	−0.137%	$31K	$843K	33x	as long as short
Lighter LIT	+0.0128%	1h	4.7604	−0.048%	$59.7M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.7757	+0.273%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7614	−0.027%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	−0.281%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0389% / S −0.0190%	1h	4.7536	−0.191%	$60K	—	50x	as long as short