Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bulk against edgeX+0.152%56s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.378% of the position

Long on edgeX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.152%, 7d avg +0.018%

Together, before fees−0.118%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.134% dearer against edgeX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 56 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	edgeX LITUSDC	4.7244	0.0100	pay 0.0050% / 4h	10m 04s	$287K	$309K	10x
Short	Bulk LIT-USD	4.7316	0.0100	get 0.0013% / 1h	10m 04s	$118K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against edgeX. 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 edgeXbpFee BulkbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.018%: $13.37
Slippage, 4 orders: −$21.81
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$24.44
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Bulk: live order book, 4 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 edgeX live order book, 3 min ago	5.19 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 4 min ago	1.70 bp	9.4 bp −$9	19.6 bp −$196	53.7 bp −$5,370	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
Gate LIT_USDT	−0.0820%	4h	4.7350	+0.224%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0782%	1h	4.7322	+0.165%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7243	−0.003%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0543%	4h	4.7264	+0.042%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0350%	1h	4.7314	+0.148%	$85K	$78K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0339%	4h	4.7329	+0.179%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0304%	4h	4.7310	+0.139%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0170%	4h	4.7356	+0.236%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.770%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7229	−0.032%	$905K	$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	4.7285	+0.086%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7344	+0.212%	$31K	$853K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7373	+0.272%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.249%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7354	+0.233%	$819K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7284	+0.085%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.684%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0043%	4h	4.7320	+0.160%	$42.6M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7387	+0.302%	$59.2M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7305	+0.129%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7403	+0.336%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7354	+0.232%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7293	+0.103%	$75.4M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7317	+0.154%	$117K	$459K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7316	+0.152%	$118K	$2K	10x
MEXC LIT_USDT	+0.0100%	4h	4.7301	+0.120%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.203%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7359	+0.243%	$682K	$1.4M	5x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.7244	long leg	$287K	$309K	10x
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.009%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7330	+0.181%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7358	+0.240%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7297	+0.112%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	+0.192%	$994	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7390	+0.308%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7326	+0.172%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7302	+0.122%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0187%	1h	4.7314	+0.147%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7409	+0.349%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0204%	1h	4.7417	+0.365%	$212.6M	$45.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7232	−0.026%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7341	+0.205%	$62K	—	50x	as long as short