Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.026%

Price spread now: Bybit against Coinbase International−0.954%54s7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

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

costs, in and out, $10k−$800.803% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.856%+$86 on $10k

Price spread, last 3 days (all we have)−0.294%−$29 · spread now −0.954%, 7d avg −0.093%

Together, before fees+0.562%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.861% cheaper against Coinbase International than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of −0.093%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.856%, so the current rate has only just turned against you. 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	4.8452	−0.0112	get 0.0014% / 1h	9m 32s	$668K	$408K	50x
Short	Bybit LITUSDT	4.7990	−0.0161	pay 0.0080% / 4h	3h 09m	$43.4M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.954%Rate

Funding earned: −$10.25
Price spread: −0.954% → −0.093%: −$86.08
Slippage, 4 orders: −$59.26
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$176.59
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 18 min ago; Bybit: live order book, 4 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, 18 min ago	7.23 bp	22.1 bp −$22	51.4 bp −$514	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.04 bp	19.3 bp −$19	53.5 bp −$535	446.1 bp −$44.6K	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	−0.1018%	1h	4.7950	−1.036%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0608%	1h	4.7863	−1.216%	$33K	$5K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0561%	4h	4.7905	−1.129%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0435%	4h	4.7950	−1.036%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0427%	1h	4.7959	−1.018%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0308%	4h	4.8016	−0.900%	$5.4M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0264%	4h	4.8010	−0.913%	$905K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0258%	4h	4.7953	−1.030%	$25.5M	$60.9M	50x	as long as short
ApeX Omni LITUSDT	−0.0248%	1h	4.8050	−0.830%	$56K	$81K	50x	as long as short
SoDEX LIT-USD	−0.0223%	1h	4.7955	−1.026%	$995	$474K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDTshort	−0.0161%	4h	4.7990	−0.954%	$43.4M	$30.0M	75x
Gate LIT_USDT	−0.0112%	4h	4.7980	−0.975%	$2.8M	$4.5M	50x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0112%	1h	4.8452	long leg	$668K	$408K	50x
Phoenix LIT	−0.0067%	1h	4.8128	−0.669%	$250K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7887	−1.167%	$5K	$1K	5x	as long as short
Injective LIT/USDC PERP	−0.0004%	1h	4.8040	−0.851%	$422	$178K	5.5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7981	−0.973%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8018	−0.896%	$36K	—	150x	as long as short
RISEx LIT/USDC	+0.0014%	1h	4.7985	−0.965%	$824K	$2.0M	5x	as long as short
MEXC LIT_USDT	+0.0078%	4h	4.7934	−1.070%	$6.2M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0079%	4h	4.8056	−0.818%	$293K	$310K	10x	as long as short
Binance LITUSDT	+0.0080%	4h	4.7939	−1.059%	$75.7M	$80.6M	75x	as long as short
Aftermath Perps LITUSD	+0.0086%	1h	4.8148	−0.627%	$11K	$199K	10x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7952	−1.033%	$150K	$44K	3x	as long as short
Extended LIT-USD	+0.0096%	1h	4.7938	−1.061%	$5.3M	$5.2M	25x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7926	−1.087%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8014	−0.904%	$213.4M	$44.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7988	−0.958%	$602K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7952	−1.032%	$119K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8064	−0.801%	$120K	$7K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7980	−0.975%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7999	−0.935%	$672K	$1.5M	5x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7984	−0.966%	$453K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8004	−0.924%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7981	−0.973%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8133	−0.659%	$191K	$324K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.8017	−0.898%	$32K	$841K	33x	as long as short
Aster LITUSDT	+0.0131%	4h	4.8024	−0.883%	$12.8M	$2.5M	50x	as long as short
BloFin LIT-USDT	+0.0318%	4h	4.7994	−0.946%	$1.6M	$2.0M	75x	as long as short
Lighter LIT	+0.0320%	1h	4.8005	−0.923%	$60.1M	$29.9M	5x	as long as short
Lighter RH LIT	+0.0352%	1h	4.8030	−0.871%	$3.8M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0428% / S −0.0232%	1h	4.8015	−0.903%	$60K	—	50x	as long as short