Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.099%

Price spread now: Binance against Bullet+0.118%53s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.118% dearer against Bullet than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	Bullet LIT-USD	4.7577	−0.0324	get 0.0040% / 1h	41m 33s	$85K	$77K	20x
Short	Binance LITUSDT	4.7633	0.0100	get 0.0050% / 4h	3h 41m	$76.0M	$81.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bullet. 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 BulletbpFee BinancebpOrdersPrice spread, now +0.118%Rate

Funding earned: $89.03
Price spread: +0.118% → 0.000%: $11.77
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $82.8
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Bullet: no order-book sample; Binance: live order book, 1 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	0.10 bp	14.0 bp −$14	34.9 bp −$349	doesn't fit	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0735%	1h	4.7572	−0.010%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0510%	4h	4.7524	−0.111%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0412%	4h	4.7650	+0.153%	$2.8M	$4.4M	50x	as long as short
01 Exchange LITUSD	−0.0392%	1h	4.7647	+0.147%	$33K	$4K	5x	as long as short
Bullet LIT-USDlong	−0.0324%	1h	4.7577	long leg	$85K	$77K	20x
OKX LIT-USDT-SWAP	−0.0244%	4h	4.7653	+0.160%	$25.9M	$64.4M	50x	as long as short
Phemex LITUSDT	−0.0169%	4h	4.7550	−0.057%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.7641	+0.135%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7561	−0.033%	$673K	$403K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7328	−0.523%	$205K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0030%	1h	4.7631	+0.114%	$686K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	−0.0028%	1h	4.7370	−0.435%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7623	+0.097%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7611	+0.072%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0007%	1h	4.7591	+0.030%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0019%	1h	4.7635	+0.122%	$2.2M	$1.7M	10x	as long as short
GRVT LIT_USDT_Perp	+0.0030%	4h	4.7520	−0.120%	$913K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.973%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0042%	8h	4.7613	+0.075%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7601	+0.050%	$59.5M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7663	+0.181%	$12.7M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7597	+0.042%	$591K	$1.7M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7633	+0.118%	$76.0M	$81.3M	75x
Bybit LITUSDT	+0.0100%	4h	4.7634	+0.120%	$42.9M	$30.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7663	+0.181%	$118K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−0.916%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7563	−0.029%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7670	+0.195%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7434	−0.302%	$289K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7600	+0.048%	$450K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7615	+0.081%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7538	−0.082%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7595	+0.038%	$993	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7481	−0.202%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7615	+0.080%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7566	−0.023%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7698	+0.255%	$813K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7630	+0.111%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0218%	1h	4.7667	+0.189%	$213.8M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0330%	1h	4.7407	−0.357%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7509	−0.143%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0385% / S −0.0176%	1h	4.7610	+0.069%	$63K	—	50x	as long as short