Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.036%

Price spread now: Gate against Bullet+0.299%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 Gate

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 +$4 a day on $10k at the current rate, and Gate is 0.299% dearer against Bullet than usual: you sell high and buy low: +$30 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	4.7139	−0.0239	get 0.0030% / 1h	18m 13s	$85K	$68K	20x
Short	Gate LIT_USDT	4.7280	−0.0092	pay 0.0046% / 4h	1h 18m	$2.8M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.299%Rate

Funding earned: $30.88
Price spread: +0.299% → 0.000%: $29.91
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $37.79
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; Gate: 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 Gate live order book, 5 min ago	1.06 bp	28.9 bp −$29	76.7 bp −$767	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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7096	−0.091%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7145	+0.013%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0244%	1h	4.7150	+0.023%	$41K	$40K	10x	as long as short
Bullet LIT-USDlong	−0.0239%	1h	4.7139	long leg	$85K	$68K	20x
Gate LIT_USDTshort	−0.0092%	4h	4.7280	+0.299%	$2.8M	$4.3M	50x
Phoenix LIT	−0.0085%	1h	4.7084	−0.117%	$202K	$341K	5x	as long as short
Phemex LITUSDT	−0.0030%	4h	4.7250	+0.235%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.720%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7177	+0.081%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7181	+0.088%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−0.231%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.911%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0034%	4h	4.7209	+0.148%	$5.3M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	+0.0034%	4h	4.7262	+0.261%	$25.5M	$62.0M	50x	as long as short
GRVT LIT_USDT_Perp	+0.0054%	4h	4.6940	−0.422%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.7123	−0.034%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7239	+0.212%	$58.9M	$28.8M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7181	+0.088%	$797K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7131	−0.016%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7341	+0.428%	$211.8M	$41.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7164	+0.053%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7244	+0.223%	$75.2M	$78.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7266	+0.269%	$41.9M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	+0.028%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−0.583%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7234	+0.202%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7310	+0.363%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7313	+0.369%	$696K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7010	−0.273%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7158	+0.040%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7177	+0.080%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7121	−0.038%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7157	+0.038%	$2K	$403K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7363	+0.475%	$195K	$380K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7306	+0.354%	$3.7M	$13.3M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7128	−0.024%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7134	−0.011%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0166%	1h	4.7022	−0.249%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0203%	4h	4.7236	+0.206%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7044	−0.202%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7175	+0.077%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7163	+0.051%	$31K	$814K	33x	as long as short