Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:16 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.123%

Price spread now: Perpl against Bybit+0.143%7-day average +0.009% · you sell dearer than you buy

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

Long on Bybit Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days−0.234%−$23 · spread now +0.143%, 7d avg +0.009%

Together, before fees−0.153%+ Points / potential airdropPerpl: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Perpl is 0.134% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7340	0.0100	pay 0.0050% / 4h	1h 31m	$41.0M	$25.2M	75x
Short	Perpl LIT	4.7408	0.0112	get 0.0010% / 43m	12m 45s	$28K	$553K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.143%Rate

Funding earned: $2.44
Price spread: +0.143% → +0.009%: $13.44
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$8.92
Costs to cover: 0.248%
Break-even: 32.6 days

Slippage unknown: Bybit: live order book, 10 min ago; Perpl: 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, 10 min ago	1.04 bp	12.0 bp −$12	52.8 bp −$528	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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 exchanges

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	−0.0634%	1h	4.7354	+0.030%	$42K	$19K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0359%	4h	4.7291	−0.104%	$32K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.7269	−0.150%	$599K	$296K	50x	as long as short
01 Exchange LITUSD	−0.0232%	1h	4.7326	−0.030%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0155%	1h	4.7373	+0.070%	$85K	$44K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0070%	4h	4.7313	−0.057%	$25.8M	$53.8M	50x	as long as short
Gate LIT_USDT	−0.0002%	4h	4.7390	+0.106%	$2.8M	$3.6M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7399	+0.124%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7385	+0.096%	$35K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0012%	4h	4.7992	+1.377%	$889K	$1.9M	10x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	+0.0024%	1h	4.7384	+0.093%	$676K	$875K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.479%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0083%	1h	4.7335	−0.011%	$203K	$268K	5x	as long as short
Pacifica LIT	+0.0092%	1h	4.7344	+0.008%	$630K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	+0.097%	$59.1M	$23.7M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7383	+0.091%	$3.6M	$12.0M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7367	+0.058%	$7K	$1K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7365	+0.053%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7403	+0.133%	$213.8M	$35.3M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7309	−0.065%	$76.4M	$66.4M	75x	as long as short
Bybit LITUSDTlong	+0.0100%	4h	4.7340	long leg	$41.0M	$25.2M	75x
Arcus LIT-USD	+0.0100%	1h	4.7400	+0.127%	$133K	$366K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7322	−0.038%	$6.2M	$3.6M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7393	+0.112%	$5.4M	$663K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.063%	$6.8M	$2.2M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7997	+1.388%	$294K	$300K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7580	+0.507%	$57K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7371	+0.065%	$454K	$128K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7312	−0.059%	$4K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7365	+0.053%	$4K	$302K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7357	+0.036%	$190K	$258K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7360	+0.042%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7728	+0.821%	$157K	$41K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7330	−0.022%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7331	−0.018%	$148K	—	3x	as long as short
Perpl LITshort	+0.0112%	43m	4.7408	+0.143%	$28K	$553K	33x
RISEx LIT/USDC	+0.0176%	1h	4.7404	+0.136%	$788K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0255%	4h	4.7409	+0.146%	$12.7M	$1.8M	50x	as long as short
Aftermath Perps LITUSD	+0.0260%	1h	4.7754	+0.874%	$8K	$191K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7321	−0.040%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0423% / S −0.0217%	1h	4.7654	+0.663%	$64K	—	50x	as long as short