Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h +0.030%

Price spread now: edgeX against dYdX−0.204%51s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.204% cheaper against dYdX than usual: you would sell low and buy high (spread −0.204% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 7.0 days of funding at the current rate (+$3 a day). The two prices were read 51 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	dYdX LIT-USD	4.7692	0.0003	pay 0.0000% / 1h	14m 20s	$34K	—	5x
Short	edgeX LITUSDC	4.7595	0.0100	get 0.0050% / 4h	3h 14m	$290K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.204%Rate

Funding earned: $20.45
Price spread: −0.204% → 0.000%: −$20.38
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.93
Costs to cover: 0.190%
Break-even: 13.5 days

Slippage unknown: dYdX: no order-book sample; edgeX: live order book, 59 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 edgeX live order book, 59 min ago	5.19 bp	10.6 bp −$11	doesn't fit	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	−0.0637%	1h	4.7757	+0.136%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7645	−0.099%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7639	−0.112%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7678	−0.030%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7734	+0.087%	$25.9M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0190%	1h	4.7640	−0.110%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0130%	4h	4.7687	−0.011%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7722	+0.063%	$675K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7630	−0.131%	$911K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7641	−0.108%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7700	+0.016%	$32K	$852K	33x	as long as short
dYdX LIT-USDlong	+0.0003%	1h	4.7692	long leg	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7754	+0.130%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.729%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0047%	8h	4.7632	−0.126%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0054%	1h	4.7630	−0.131%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0093%	1h	4.7686	−0.013%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7715	+0.047%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7752	+0.125%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7686	−0.013%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7668	−0.051%	$76.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7710	+0.037%	$43.0M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7678	−0.030%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.453%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7680	−0.026%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7659	−0.070%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7710	+0.037%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7769	+0.161%	$692K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7595	−0.204%	$290K	$309K	10x
Derive LIT-PERP	+0.0100%	1h	4.7790	+0.204%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7677	−0.032%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7741	+0.102%	$989	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7716	+0.050%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7720	+0.058%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7625	−0.142%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7778	+0.180%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7703	+0.022%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7742	+0.104%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7722	+0.062%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0344%	1h	4.7782	+0.188%	$214.5M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0392%	1h	4.7639	−0.113%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0188%	1h	4.7723	+0.064%	$64K	—	50x	as long as short