Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0444%/8h= +48.6% APRpaid last 24h +0.072%

Price spread now: Binance against Coinbase International−0.106%7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs+$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.818%+$82 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now −0.106%, 7d avg −0.140%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.034% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7780	−0.0344	get 0.0043% / 1h	59m 02s	$605K	$347K	50x
Short	Binance LITUSDT	4.7729	0.0100	get 0.0050% / 4h	59m 02s	$76.5M	$75.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: $93.24
Price spread: −0.106% → −0.140%: $3.39
Slippage, 4 orders: −$55.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $21.45
Costs to cover: 0.752%
Break-even: 5.4 days

Slippage from Coinbase International: live order book, 44 min ago; Binance: live order book, 13 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, 44 min ago	10.61 bp	26.5 bp −$26	71.0 bp −$710	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.10 bp	14.8 bp −$15	35.5 bp −$355	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	−0.0731%	1h	4.7777	−0.006%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0408%	1h	4.7761	−0.039%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0365%	4h	4.7727	−0.110%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0344%	1h	4.7780	long leg	$605K	$347K	50x
Bullet LIT-USD	−0.0227%	1h	4.7774	−0.012%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7736	−0.091%	$25.6M	$60.2M	50x	as long as short
Nado LIT-PERP	−0.0112%	1h	4.7790	+0.022%	$2.1M	$1.6M	10x	as long as short
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7770	−0.021%	$884K	$2.0M	10x	as long as short
Backpack LIT_USDC_PERP	−0.0051%	1h	4.7772	−0.016%	$674K	$941K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7841	+0.128%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7832	+0.111%	$11K	—	150x	as long as short
Bybit LITUSDT	+0.0033%	4h	4.7728	−0.108%	$41.4M	$28.0M	75x	as long as short
Phoenix LIT	+0.0033%	1h	4.7845	+0.137%	$205K	$291K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.545%	$422	$178K	5.5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7809	+0.062%	$796K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7791	+0.023%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7866	+0.181%	$59.5M	$26.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7831	+0.108%	$768K	$1.8M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7729	−0.106%	$76.5M	$75.2M	75x
Arcus LIT-USD	+0.0100%	1h	4.7825	+0.095%	$126K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	−0.081%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7810	+0.063%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7778	−0.004%	$5.8M	$3.8M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7843	+0.132%	$5.4M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	−0.020%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7753	−0.055%	$292K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7740	−0.083%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7801	+0.045%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	+0.120%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7801	+0.045%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7805	+0.053%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7861	+0.170%	$199K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7780	+0.001%	$1.4M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7787	+0.015%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7784	+0.008%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0129%	1h	4.7847	+0.141%	$215.9M	$39.1M	5x	as long as short
Aster LITUSDT	+0.0189%	4h	4.7835	+0.117%	$12.8M	$1.9M	50x	as long as short
Lighter RH LIT	+0.0304%	1h	4.7872	+0.193%	$3.7M	$12.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7748	−0.066%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7812	+0.067%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0425%	1h	4.7856	+0.160%	$9K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7840	+0.127%	$32K	$660K	33x	as long as short