Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h −0.031%

Price spread now: Bullet against Bybit−0.464%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Bullet

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Bullet is 0.464% cheaper against Bybit than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7438	−0.0271	get 0.0136% / 4h	1h 12m	$42.8M	$30.2M	75x
Short	Bullet LIT-USD	4.7218	−0.0331	pay 0.0041% / 1h	12m 52s	$85K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bybit. 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 BybitbpFee BulletbpOrdersPrice spread, now −0.464%Rate

Funding earned: −$12.56
Price spread: −0.464% → 0.000%: −$46.45
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$78.01
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Bullet: no order-book sample. 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 Bybit live order book, 1 min ago	1.06 bp	17.3 bp −$17	53.8 bp −$538	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

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
Gate LIT_USDT	−0.1238%	4h	4.7310	−0.270%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0731%	1h	4.7374	−0.135%	$665K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0623%	4h	4.7204	−0.493%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7129	−0.651%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0551%	1h	4.7254	−0.388%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0513%	4h	4.7240	−0.417%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0470%	4h	4.7336	−0.215%	$25.5M	$62.9M	50x	as long as short
Bullet LIT-USDshort	−0.0331%	1h	4.7218	−0.464%	$85K	$81K	20x
Bybit LITUSDTlong	−0.0271%	4h	4.7438	long leg	$42.8M	$30.2M	75x
KuCoin LITUSDTM	−0.0254%	4h	4.7374	−0.135%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0248%	1h	4.7064	−0.789%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0158%	4h	4.6909	−1.115%	$893K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7262	−0.371%	$669K	$399K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7200	−0.501%	$807K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.519%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0001%	1h	4.7156	−0.596%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7241	−0.415%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7176	−0.552%	$31K	$839K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7265	−0.364%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0003%	8h	4.7148	−0.611%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.269%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0052%	4h	4.6888	−1.160%	$285K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7349	−0.188%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0061%	4h	4.7419	−0.040%	$75.3M	$80.9M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7227	−0.445%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7315	−0.259%	$59.6M	$29.8M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7337	−0.213%	$211.5M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7437	−0.002%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7210	−0.481%	$604K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7174	−0.557%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6888	−1.159%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	−0.080%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6920	−1.092%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7192	−0.519%	$446K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7289	−0.315%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7175	−0.554%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7245	−0.407%	$1K	$464K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7245	−0.407%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7342	−0.202%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0208%	1h	4.7332	−0.223%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0244%	4h	4.7241	−0.415%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0376% / S −0.0169%	1h	4.7270	−0.353%	$62K	—	50x	as long as short