Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.056%

Price spread now: Aster against Coinbase International+0.238%54s7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.553% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.540%+$54 on $10k

Price spread, last 4 days (all we have)−1.349%−$135 · spread now +0.238%, 7d avg −0.060%

Together, before fees−0.809%+ Points / potential airdropAster: Stage 5 · farm board−$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.298% dearer against Coinbase International than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.060%. The two prices were read 54 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	Coinbase International LIT-PERP-INTX	4.6848	−0.0192	get 0.0024% / 1h	55m 27s	$612K	$412K	50x
Short	Aster LITUSDT	4.6959	0.0206	get 0.0103% / 4h	55m 27s	$12.6M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.238%Rate

Funding earned: $83.67
Price spread: +0.238% → −0.060%: $29.85
Slippage, 4 orders: −$37.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $58.25
Costs to cover: 0.553%
Break-even: 2.1 days

Slippage from Coinbase International: live order book, 3 min ago; Aster: live order book, 3 min ago.

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 Coinbase International live order book, 3 min ago	7.27 bp	20.6 bp −$21	71.1 bp −$711	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.88 bp	8.7 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.0508%	1h	4.6945	+0.209%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0383%	4h	4.6884	+0.078%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0368%	1h	4.6840	−0.016%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0275%	1h	4.6835	−0.026%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0192%	1h	4.6848	long leg	$612K	$412K	50x
ApeX Omni LITUSDT	−0.0152%	1h	4.6820	−0.059%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0146%	4h	4.6930	+0.176%	$2.7M	$4.2M	50x	as long as short
Phemex LITUSDT	−0.0085%	4h	4.6940	+0.197%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.6835	−0.027%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0005%	4h	4.6840	−0.016%	$41.5M	$28.5M	75x	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	4.6941	+0.199%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0001%	4h	4.6856	+0.018%	$25.2M	$61.5M	50x	as long as short
KuCoin LITUSDTM	+0.0002%	4h	4.6845	−0.005%	$5.2M	$1.0M	30x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6880	+0.070%	$11K	—	150x	as long as short
Polymarket Perps LIT-USD	+0.0029%	1h	4.6870	+0.048%	$438K	$109K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.545%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0042%	1h	4.6986	+0.296%	$666K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0057%	8h	4.6860	+0.026%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6909	+0.131%	$782K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0076%	4h	4.6832	−0.033%	$915K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6919	+0.153%	$58.5M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6950	+0.219%	$3.6M	$13.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6872	+0.053%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6910	+0.133%	$209.7M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6886	+0.082%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6823	−0.052%	$74.7M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6895	+0.101%	$122K	$453K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6841	−0.014%	$5.5M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6880	+0.069%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6697	−0.321%	$284K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6975	+0.272%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6956	+0.232%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6945	+0.208%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6747	−0.215%	$198K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6886	+0.082%	$117K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6852	+0.010%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6930	+0.176%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0160%	1h	4.6858	+0.023%	$8K	$206K	10x	as long as short
Aster LITUSDTshort	+0.0206%	4h	4.6959	+0.238%	$12.6M	$2.0M	50x
Perpl LIT	+0.0335%	43m	4.6867	+0.042%	$31K	$797K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6795	−0.112%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6869	+0.046%	$63K	—	50x	as long as short