Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0539%/8h= +59.0% APRpaid last 24h +0.037%

Price spread now: Bybit against Bullet−0.065%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Bybit

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

Funding pays, the price is against you. Bybit is 0.065% cheaper against Bullet than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet LIT-USD	4.7060	−0.0439	get 0.0055% / 1h	32m 04s	$84K	$73K	20x
Short	Bybit LITUSDT	4.7030	0.0100	get 0.0050% / 4h	2h 32m	$42.2M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $113.1
Price spread: −0.065% → 0.000%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $87.65
Costs to cover: 0.190%
Break-even: 1.6 days

Slippage unknown: Bullet: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.13 bp	21.1 bp −$21	68.9 bp −$689	407.6 bp −$40.8K	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 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
01 Exchange LITUSD	−0.0608%	1h	4.7026	−0.073%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0540%	1h	4.7077	+0.036%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7014	−0.099%	$32K	$2K	10x	as long as short
Bullet LIT-USDlong	−0.0439%	1h	4.7060	long leg	$84K	$73K	20x
Gate LIT_USDT	−0.0204%	4h	4.7090	+0.063%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0157%	4h	4.7047	−0.028%	$25.6M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7080	+0.042%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.7050	−0.022%	$904K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7030	−0.065%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6823	−0.504%	$202K	$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	4.7209	+0.315%	$668K	$387K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0076%	1h	4.7076	+0.033%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7102	+0.089%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7105	+0.095%	$471	—	150x	as long as short
Phemex LITUSDT	+0.0015%	4h	4.7050	−0.022%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.316%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.082%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0035%	8h	4.7032	−0.060%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0076%	1h	4.7078	+0.037%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7133	+0.154%	$788K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7106	+0.097%	$59.0M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7134	+0.156%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7075	+0.031%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7112	+0.110%	$210.8M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7130	+0.148%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7082	+0.046%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7028	−0.069%	$75.0M	$80.7M	75x	as long as short
Bybit LITUSDTshort	+0.0100%	4h	4.7030	−0.065%	$42.2M	$29.7M	75x
Arcus LIT-USD	+0.0100%	1h	4.7089	+0.061%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7031	−0.062%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	+0.042%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6972	−0.188%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7086	+0.054%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7121	+0.128%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7118	+0.122%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7215	+0.329%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7053	−0.015%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7051	−0.021%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0291%	1h	4.7012	−0.103%	$9K	$212K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0198%	1h	4.7093	+0.069%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7112	+0.109%	$31K	$862K	33x	as long as short