Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.046%

Price spread now: MEXC against Coinbase International−0.904%7-day average −0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.867%+$87 on $10k

Price spread, last 3 days (all we have)+0.434%+$43 · spread now −0.904%, 7d avg −0.143%

Together, before fees+1.302%+$130 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.760% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.904% now, against its 7-day average of −0.143%). If the spread goes back, that is −$76 on $10k: about 12 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7608	−0.0120	get 0.0015% / 1h	2m 30s	$673K	$402K	50x
Short	MEXC LIT_USDT	4.7178	0.0100	get 0.0050% / 4h	2m 30s	$5.6M	$4.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.904%Rate

Funding earned: $46.2
Price spread: −0.904% → −0.143%: −$76.05
Slippage, 4 orders: −$41.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.31
Costs to cover: 0.555%
Break-even: 19.9 days

Slippage from Coinbase International: live order book, 11 min ago; MEXC: live order book, 5 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, 11 min ago	6.60 bp	30.8 bp −$31	78.2 bp −$782	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.11 bp	3.2 bp −$3	33.5 bp −$335	314.5 bp −$31.5K	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	−0.1068%	1h	4.7290	−0.668%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0818%	4h	4.7290	−0.669%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7157	−0.948%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0537%	4h	4.7252	−0.748%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0381%	1h	4.7295	−0.659%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0330%	4h	4.7258	−0.736%	$25.6M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0301%	4h	4.7270	−0.711%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0160%	4h	4.7317	−0.612%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0120%	1h	4.7608	long leg	$673K	$402K	50x
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.627%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7386	−0.467%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7367	−0.507%	$31K	$853K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7261	−0.728%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7358	−0.526%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7284	−0.681%	$796K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0027%	8h	4.7180	−0.900%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.907%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0040%	4h	4.7240	−0.774%	$42.6M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0074%	1h	4.7302	−0.643%	$681K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7289	−0.671%	$59.1M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7235	−0.784%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7288	−0.672%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7244	−0.765%	$588K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7210	−0.837%	$75.3M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7262	−0.727%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.667%	$118K	$2K	10x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.7178	−0.904%	$5.6M	$4.1M	100x
Bitget LITUSDT	+0.0100%	4h	4.7250	−0.753%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	−0.595%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7300	−0.648%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7362	−0.517%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7342	−0.560%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7322	−0.601%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7288	−0.673%	$1K	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7391	−0.456%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7200	−0.858%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7314	−0.618%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7330	−0.585%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0186%	1h	4.7331	−0.582%	$212.3M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0193%	1h	4.7370	−0.500%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7250	−0.753%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7338	−0.568%	$63K	—	50x	as long as short