Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.087%

Price spread now: OKX against Bulk−0.127%7-day average −0.039% · 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−$45as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Bulk Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.177%−$18 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.127%, 7d avg −0.039%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.089% cheaper against Bulk than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7081	0.0100	pay 0.0013% / 1h	32m 09s	$117K	$8K	10x
Short	OKX LIT-USDT-SWAP	4.7021	−0.0022	pay 0.0011% / 4h	3h 32m	$25.3M	$61.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$25.68
Price spread: −0.127% → −0.039%: −$8.86
Slippage, 4 orders: −$18.75
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$70.29
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Bulk: live order book, 22 min ago; OKX: 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, 22 min ago	0.11 bp	8.6 bp −$9	15.8 bp −$158	41.2 bp −$4,119	doesn't fit
Sell OKX live order book, 2 min ago	0.11 bp	11.9 bp −$12	31.8 bp −$318	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	−0.0500%	1h	4.7012	−0.147%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.6963	−0.251%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.376%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7042	−0.083%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0251%	1h	4.7001	−0.170%	$84K	$67K	20x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	−0.108%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAPshort	−0.0022%	4h	4.7021	−0.127%	$25.3M	$61.0M	50x
Phoenix LIT	−0.0017%	1h	4.7057	−0.051%	$202K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7068	−0.027%	$797K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7142	+0.129%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7040	−0.086%	$11K	—	150x	as long as short
Nado LIT-PERP	+0.0011%	1h	4.7025	−0.119%	$2.2M	$1.7M	10x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7025	−0.119%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.037%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6986	−0.201%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7083	+0.004%	$58.7M	$28.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7100	+0.040%	$210.3M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7083	+0.004%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6998	−0.176%	$75.4M	$79.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7016	−0.138%	$41.0M	$29.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7061	−0.042%	$115K	$446K	5x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.7081	long leg	$117K	$8K	10x
Gate LIT_USDT	+0.0100%	4h	4.7040	−0.087%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6999	−0.174%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	−0.108%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7115	+0.072%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6973	−0.230%	$287K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6980	−0.215%	$902K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7026	−0.117%	$439K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7048	−0.070%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7016	−0.138%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7019	−0.132%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	−0.013%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7020	−0.130%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7001	−0.170%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6998	−0.175%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7071	−0.021%	$31K	$746K	33x	as long as short
Aftermath Perps LITUSD	+0.0172%	1h	4.7061	−0.043%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7092	+0.023%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0257%	4h	4.7074	−0.015%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7072	−0.019%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7032	−0.104%	$65K	—	50x	as long as short