Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.038%

Price spread now: Perpl against edgeX+0.356%7-day average +0.072% · you sell dearer than you buy

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

Long on edgeX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.234%+$23 · spread now +0.356%, 7d avg +0.072%

Together, before fees+0.205%+ Points / potential airdropedgeX: Active · Perpl: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.285% dearer against edgeX than usual: you sell high and buy low (spread +0.356% now, against its 7-day average of +0.072%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.029% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7332	0.0100	pay 0.0050% / 4h	3h 42m	$288K	$312K	10x
Short	Perpl LIT	4.7500	0	get 0.0000% / 43m	21m 49s	$31K	$860K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now +0.356%Rate

Funding earned: −$21
Price spread: +0.356% → +0.072%: $28.49
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$15.31
Costs to cover: 0.228%
Break-even: from the start

Slippage unknown: edgeX: live order book, 30 min ago; Perpl: no order-book sample. 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 edgeX live order book, 30 min ago	5.19 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0639%	1h	4.7523	+0.404%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7471	+0.295%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0460%	4h	4.7540	+0.440%	$2.8M	$4.4M	50x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7432	+0.212%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0324%	1h	4.7464	+0.280%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0255%	4h	4.7526	+0.411%	$25.8M	$64.2M	50x	as long as short
KuCoin LITUSDTM	−0.0150%	4h	4.7495	+0.345%	$5.3M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0149%	4h	4.7510	+0.377%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7498	+0.352%	$672K	$402K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0070%	1h	4.7549	+0.459%	$685K	$1.4M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.7328	−0.007%	$205K	$361K	5x	as long as short
ApeX Omni LITUSDT	−0.0028%	1h	4.7370	+0.081%	$56K	$77K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7482	+0.318%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7500	+0.356%	$31K	$860K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7511	+0.379%	$35K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0024%	4h	4.7420	+0.186%	$899K	$1.8M	10x	as long as short
Nado LIT-PERP	+0.0028%	1h	4.7435	+0.219%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.497%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0041%	8h	4.7431	+0.211%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7590	+0.546%	$59.5M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7606	+0.580%	$12.7M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7485	+0.324%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7521	+0.400%	$75.8M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7520	+0.398%	$42.8M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7470	+0.293%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−0.403%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7515	+0.388%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	+0.440%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDClong	+0.0100%	4h	4.7332	long leg	$288K	$312K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7496	+0.348%	$449K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7557	+0.477%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7403	+0.151%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7515	+0.388%	$994	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7481	+0.316%	$189K	$347K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7593	+0.552%	$3.7M	$13.7M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7515	+0.388%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7497	+0.350%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7479	+0.311%	$810K	$2.0M	5x	as long as short
Hyperliquid LIT	+0.0201%	1h	4.7607	+0.582%	$213.5M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0324%	1h	4.7365	+0.071%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7509	+0.375%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0384% / S −0.0176%	1h	4.7510	+0.376%	$63K	—	50x	as long as short