Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.059%

Price spread now: KuCoin against Bullet+0.244%46s7-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 KuCoin

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 +$6 a day on $10k at the current rate, and KuCoin is 0.244% dearer against Bullet than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	4.8729	−0.0156	get 0.0020% / 1h	14m 44s	$87K	$66K	20x
Short	KuCoin LITUSDTM	4.8848	0.0060	get 0.0030% / 4h	2h 14m	$5.5M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.244%Rate

Funding earned: $45.36
Price spread: +0.244% → 0.000%: $24.42
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $49.79
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	9.24 bp	34.3 bp −$34	161.6 bp −$1,616	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	−0.531%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0355%	4h	4.8732	+0.006%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0200%	1h	4.8804	+0.154%	$32K	$3K	5x	as long as short
Bullet LIT-USDlong	−0.0156%	1h	4.8729	long leg	$87K	$66K	20x
OKX LIT-USDT-SWAP	−0.0153%	4h	4.8788	+0.121%	$26.2M	$63.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0137%	1h	4.8762	+0.068%	$43K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.8366	−0.745%	$902K	$1.9M	10x	as long as short
Phemex LITUSDT	−0.0075%	4h	4.8740	+0.023%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0017%	1h	4.8725	−0.008%	$210K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8816	+0.179%	$848K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8890	+0.331%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8776	+0.096%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−1.414%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTMshort	+0.0060%	4h	4.8848	+0.244%	$5.5M	$1.0M	30x
Paradex LIT-USD-PERP	+0.0094%	8h	4.8751	+0.046%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8862	+0.273%	$60.8M	$28.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8755	+0.053%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8842	+0.232%	$625K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8811	+0.169%	$78.4M	$77.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8802	+0.150%	$42.3M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8717	−0.025%	$121K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.861%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8820	+0.187%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8838	+0.224%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8820	+0.187%	$7.0M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8826	+0.199%	$688K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8595	−0.274%	$297K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8550	−0.367%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8800	+0.146%	$458K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8766	+0.077%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8725	−0.008%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8755	+0.053%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8917	+0.386%	$203K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8833	+0.214%	$5.4M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8755	+0.053%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8870	+0.289%	$3.7M	$13.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0198%	1h	4.8351	−0.775%	$9K	$217K	10x	as long as short
Aster LITUSDT	+0.0234%	4h	4.8879	+0.308%	$13.1M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0252%	1h	4.8949	+0.451%	$220.7M	$41.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8645	−0.172%	$1.6M	$2.2M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0430% / S −0.0217%	1h	4.8750	+0.044%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8766	+0.075%	$35K	$689K	33x	as long as short