Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−0.281%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 6 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. MEXC is 0.281% cheaper against dYdX than usual: you would sell low and buy high (spread −0.281% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 9.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.7712	0	get 0.0000% / 1h	35m 34s	$34K	—	5x
Short	MEXC LIT_USDT	4.7578	0.0100	get 0.0050% / 4h	1h 35m	$5.8M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.281%Rate

Funding earned: $21
Price spread: −0.281% → 0.000%: −$28.06
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$21.06
Costs to cover: 0.140%
Break-even: 14.0 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.10 bp	4.2 bp −$4	54.9 bp −$549	260.2 bp −$26.0K	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	−0.0587%	1h	4.7648	−0.133%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	+0.103%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0385%	4h	4.7604	−0.226%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.7461	−0.526%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0256%	1h	4.7449	−0.551%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0169%	4h	4.7477	−0.492%	$25.5M	$60.7M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0089%	1h	4.7665	−0.098%	$672K	$1.1M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0080%	4h	4.7728	+0.033%	$883K	$2.0M	10x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7712	long leg	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7688	−0.049%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7781	+0.145%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.688%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0062%	1h	4.7720	+0.017%	$57K	$73K	50x	as long as short
Bybit LITUSDT	+0.0065%	4h	4.7470	−0.507%	$41.1M	$28.5M	75x	as long as short
Phemex LITUSDT	+0.0067%	4h	4.7640	−0.151%	$1.3M	$2.8M	20x	as long as short
KuCoin LITUSDTM	+0.0076%	4h	4.7699	−0.027%	$5.4M	$972K	30x	as long as short
Extended LIT-USD	+0.0088%	1h	4.7483	−0.479%	$5.1M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7628	−0.176%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7711	−0.002%	$59.3M	$27.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7485	−0.476%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7635	−0.160%	$764K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7455	−0.539%	$76.0M	$76.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7498	−0.448%	$123K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7600	−0.235%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7600	−0.235%	$2.7M	$4.1M	50x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.7578	−0.281%	$5.8M	$3.9M	100x
Bitget LITUSDT	+0.0100%	4h	4.7480	−0.486%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7735	+0.048%	$292K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7478	−0.490%	$446K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7664	−0.101%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7665	−0.098%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7660	−0.109%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7831	+0.250%	$199K	$321K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7674	−0.080%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7530	−0.382%	$31K	$678K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7472	−0.502%	$792K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0199%	1h	4.7731	+0.041%	$9K	$209K	10x	as long as short
Aster LITUSDT	+0.0213%	4h	4.7563	−0.312%	$12.7M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0286%	1h	4.7566	−0.306%	$214.5M	$39.7M	5x	as long as short
Lighter RH LIT	+0.0312%	1h	4.7630	−0.172%	$3.7M	$13.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7696	−0.033%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7671	−0.087%	$64K	—	50x	as long as short