Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.045%

Price spread now: KuCoin against Bulk+0.984%7-day average −0.028% · 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+$29as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Bulk Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.967%−$97 · spread now +0.984%, 7d avg −0.028%

Together, before fees−1.033%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 1.012% dearer against Bulk than usual: you sell high and buy low (spread +0.984% now, against its 7-day average of −0.028%): +$101 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 3 days (−0.066% in total) that is about 53 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.6912	0.0030	pay 0.0004% / 1h	27m 12s	$117K	$1K	10x
Short	KuCoin LITUSDTM	4.7373	−0.0138	pay 0.0069% / 4h	2h 27m	$5.3M	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.984%Rate

Funding earned: −$35.35
Price spread: +0.984% → −0.028%: $101.2
Slippage, 4 orders: −$52.81
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$5.96
Costs to cover: 0.718%
Break-even: from the start

Slippage from Bulk: live order book, 42 min ago; KuCoin: live order book, 6 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, 42 min ago	0.42 bp	8.1 bp −$8	16.1 bp −$161	48.0 bp −$4,800	doesn't fit
Sell KuCoin live order book, 6 min ago	8.28 bp	23.4 bp −$23	146.7 bp −$1,467	doesn't fit	doesn't fit

LIT on 41 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	−0.0807%	1h	4.7369	+0.975%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7355	+0.945%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0463%	4h	4.7291	+0.809%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0460%	1h	4.7366	+0.969%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	+0.594%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	+0.425%	$906K	$1.8M	10x	as long as short
Gate LIT_USDT	−0.0156%	4h	4.7380	+0.999%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7397	+1.035%	$25.7M	$64.0M	50x	as long as short
KuCoin LITUSDTMshort	−0.0138%	4h	4.7373	+0.984%	$5.3M	$1.1M	30x
Phoenix LIT	−0.0102%	1h	4.7401	+1.043%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+1.060%	$671K	$374K	50x	as long as short
Phemex LITUSDT	−0.0078%	4h	4.7350	+0.935%	$1.4M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0001%	1h	4.7435	+1.116%	$685K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7392	+1.024%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7431	+1.107%	$475	—	150x	as long as short
Bulk LIT-USDlong	+0.0030%	1h	4.6912	long leg	$117K	$1K	10x
Paradex LIT-USD-PERP	+0.0033%	8h	4.7378	+0.994%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.406%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0046%	4h	4.7370	+0.977%	$42.4M	$29.3M	75x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7385	+1.009%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7430	+1.105%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7446	+1.139%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7465	+1.180%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7357	+0.950%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7448	+1.144%	$212.3M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7444	+1.135%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7415	+1.073%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7355	+0.945%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7407	+1.056%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7364	+0.965%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7410	+1.063%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	+0.492%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7393	+1.026%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7406	+1.055%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7409	+1.060%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	+0.651%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7343	+0.919%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7356	+0.946%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0268%	1h	4.7176	+0.564%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7405	+1.051%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7421	+1.086%	$31K	$860K	33x	as long as short