Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.082%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.4 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.7460	0	get 0.0000% / 1h	49m 45s	$34K	—	5x
Short	Binance LITUSDT	4.7421	0.0043	get 0.0021% / 4h	2h 49m	$74.9M	$80.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.082%Rate

Funding earned: $8.95
Price spread: −0.082% → 0.000%: −$8.22
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.27
Costs to cover: 0.200%
Break-even: 22.1 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 8 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.32 bp	13.8 bp −$14	37.6 bp −$376	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1094%	1h	4.7400	−0.127%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0664%	1h	4.7321	−0.293%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0608%	1h	4.7424	−0.076%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0572%	4h	4.7345	−0.242%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7440	−0.042%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7360	−0.211%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7444	−0.034%	$5.3M	$1.1M	30x	as long as short
Bullet LIT-USD	−0.0313%	1h	4.7393	−0.141%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7426	−0.072%	$25.1M	$60.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.042%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0218%	4h	4.7428	−0.067%	$42.9M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0212%	1h	4.7406	−0.113%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.091%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7411	−0.102%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.013%	$246K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0046%	1h	4.7396	−0.135%	$982	$474K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	−0.159%	$5K	$1K	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7460	long leg	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7444	−0.034%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	−0.021%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.222%	$422	$178K	5.5x	as long as short
Binance LITUSDTshort	+0.0043%	4h	4.7421	−0.082%	$74.9M	$80.7M	75x
MEXC LIT_USDT	+0.0050%	4h	4.7420	−0.084%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	−0.010%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7364	−0.201%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0066%	1h	4.7418	−0.088%	$448K	$104K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.133%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7462	+0.004%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7422	−0.080%	$210.7M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7456	−0.008%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	−0.036%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	−0.070%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7430	−0.063%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	−0.042%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7439	−0.044%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7432	−0.059%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	−0.036%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7450	−0.021%	$31K	$842K	33x	as long as short
Aftermath Perps LITUSD	+0.0199%	1h	4.7541	+0.171%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0203%	4h	4.7398	−0.131%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0288%	1h	4.7489	+0.061%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7433	−0.056%	$59K	—	50x	as long as short