Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0350%/8h= +38.3% APRpaid last 24h +0.102%

Price spread now: Bitget against Bullet+0.049%7-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 Bitget

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 +$10 a day on $10k at the current rate, and Bitget is 0.049% dearer against Bullet than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet LIT-USD	4.7077	−0.0250	get 0.0031% / 1h	33m 05s	$84K	$67K	20x
Short	Bitget LITUSDT	4.7100	0.0100	get 0.0050% / 4h	3h 33m	$6.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.049%Rate

Funding earned: $73.4
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $58.28
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: Bullet: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.13 bp	22.8 bp −$23	96.4 bp −$964	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	−0.0391%	1h	4.7085	+0.017%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0380%	4h	4.7033	−0.093%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.368%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7116	+0.083%	$33K	$3K	5x	as long as short
Bullet LIT-USDlong	−0.0250%	1h	4.7077	long leg	$84K	$67K	20x
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	−0.100%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0019%	4h	4.7089	+0.025%	$25.4M	$61.1M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7057	−0.042%	$202K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7131	+0.115%	$795K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7062	−0.032%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	+0.0001%	1h	4.7074	−0.005%	$2.2M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7105	+0.060%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7071	−0.013%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.046%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0078%	8h	4.7039	−0.081%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7144	+0.142%	$58.8M	$28.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7166	+0.189%	$210.6M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7073	−0.008%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7071	−0.012%	$75.5M	$79.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7090	+0.028%	$41.1M	$29.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7111	+0.072%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	+0.008%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7090	+0.028%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7072	−0.011%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7100	+0.049%	$6.7M	$2.6M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7115	+0.081%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6973	−0.221%	$287K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6980	−0.207%	$902K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7088	+0.023%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7111	+0.072%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7082	+0.011%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	+0.017%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	−0.004%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7070	−0.015%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7071	−0.013%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7062	−0.032%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7152	+0.158%	$31K	$745K	33x	as long as short
Aftermath Perps LITUSD	+0.0170%	1h	4.7054	−0.050%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7159	+0.174%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0254%	4h	4.7173	+0.204%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7072	−0.011%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7108	+0.065%	$65K	—	50x	as long as short