Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h +0.014%

Price spread now: Gate against Coinbase International−0.170%7-day average −0.074% · 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−$90as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.875%+$88 on $10k

Price spread, last 3 days (all we have)−0.455%−$45 · spread now −0.170%, 7d avg −0.074%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.875%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7721	−0.0152	get 0.0019% / 1h	16m 56s	$660K	$404K	50x
Short	Gate LIT_USDT	4.7640	−0.0600	pay 0.0300% / 4h	2h 16m	$2.8M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.170%Rate

Funding earned: −$94.08
Price spread: −0.170% → −0.074%: −$9.63
Slippage, 4 orders: −$55.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$183.76
Costs to cover: 0.801%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Gate: live order book, 1 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, 6 min ago	8.70 bp	23.1 bp −$23	77.4 bp −$774	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.15 bp	17.0 bp −$17	55.4 bp −$554	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	−0.0999%	1h	4.7598	−0.259%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7546	−0.367%	$33K	$2K	10x	as long as short
Gate LIT_USDTshort	−0.0600%	4h	4.7640	−0.170%	$2.8M	$4.5M	50x
Phemex LITUSDT	−0.0562%	4h	4.7570	−0.317%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7565	−0.327%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7599	−0.256%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0327%	4h	4.7651	−0.147%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7650	−0.149%	$43.1M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0284%	4h	4.7667	−0.114%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0264%	1h	4.7638	−0.174%	$669K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0264%	4h	4.7613	−0.227%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0152%	1h	4.7721	long leg	$660K	$404K	50x
Phoenix LIT	−0.0050%	1h	4.7660	−0.128%	$248K	$321K	5x	as long as short
Aftermath Perps LITUSD	−0.0041%	1h	4.7606	−0.242%	$12K	$199K	10x	as long as short
Paradex LIT-USD-PERP	−0.0022%	8h	4.7588	−0.279%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	0.0000%	1h	4.7590	−0.275%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7638	−0.175%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7647	−0.155%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7634	−0.183%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0016%	1h	4.7604	−0.246%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0026%	1h	4.7606	−0.241%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.668%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7605	−0.243%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0044%	4h	4.7633	−0.185%	$290K	$311K	10x	as long as short
Binance LITUSDT	+0.0046%	4h	4.7623	−0.206%	$75.4M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7588	−0.280%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7682	−0.082%	$59.8M	$30.1M	5x	as long as short
Extended LIT-USD	+0.0096%	1h	4.7617	−0.217%	$5.3M	$5.2M	25x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7682	−0.082%	$212.2M	$45.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7651	−0.147%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7655	−0.139%	$588K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7621	−0.210%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7660	−0.128%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	−0.086%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7636	−0.178%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7629	−0.193%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7684	−0.078%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.560%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7626	−0.199%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.306%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7641	−0.169%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7698	−0.049%	$3.7M	$14.2M	5x	as long as short