Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1118%/8h= −122.4% APRpaid last 24h −0.025%

Price spread now: Gate against Bulk+0.004%7-day average +0.006% · 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−$47as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.004%, 7d avg +0.006%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$34 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.029% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7148	0.0100	pay 0.0013% / 1h	39m 10s	$118K	$5K	10x
Short	Gate LIT_USDT	4.7150	−0.1018	pay 0.0509% / 4h	1h 39m	$2.8M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$234.78
Price spread: +0.004% → +0.006%: −$0.22
Slippage, 4 orders: −$24.43
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$281.43
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Bulk: live order book, 45 min ago; Gate: live order book, 4 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, 45 min ago	0.74 bp	4.6 bp −$5	24.3 bp −$243	83.9 bp −$8,394	doesn't fit
Sell Gate live order book, 4 min ago	2.12 bp	18.1 bp −$18	54.1 bp −$541	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_USDTshort	−0.1018%	4h	4.7150	+0.004%	$2.8M	$4.5M	50x
Deribit LIT_USDC-PERPETUAL	−0.0875%	1h	4.7131	−0.036%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0689%	1h	4.7159	+0.023%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7085	−0.134%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7085	−0.134%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0520%	4h	4.7100	−0.102%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0427%	4h	4.7088	−0.127%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7128	−0.042%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0296%	4h	4.7120	−0.059%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7162	+0.030%	$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	−0.0227%	1h	4.7161	+0.028%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.056%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.216%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7184	+0.075%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.176%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.7133	−0.031%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7204	+0.119%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7181	+0.071%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0004%	8h	4.7114	−0.071%	$6K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.892%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.110%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.7113	−0.074%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7090	−0.123%	$74.7M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7121	−0.057%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0073%	1h	4.7145	−0.006%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7197	+0.104%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7196	+0.102%	$210.4M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7202	+0.115%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7174	+0.055%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7148	0.000%	$116K	$447K	5x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.7148	long leg	$118K	$5K	10x
Bitget LITUSDT	+0.0100%	4h	4.7170	+0.047%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.089%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7148	0.000%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7175	+0.058%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7145	−0.006%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7227	+0.168%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7111	−0.079%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	−0.110%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7178	+0.063%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7171	+0.048%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7222	+0.157%	$3.7M	$13.6M	5x	as long as short