Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.066%

Price spread now: Bybit against Extended+0.032%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.032%, 7d avg +0.046%

Together, before fees−0.187%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LIT-USD	4.7793	0.0104	pay 0.0013% / 1h	4m 01s	$5.1M	$5.2M	25x
Short	Bybit LITUSDT	4.7808	0.0055	get 0.0028% / 4h	1h 04m	$41.4M	$28.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$10.19
Price spread: +0.032% → +0.046%: −$1.36
Slippage, 4 orders: −$37.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.59
Costs to cover: 0.530%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bybit: live order book, 5 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 Extended live order book, 5 min ago	0.10 bp	4.2 bp −$4	23.5 bp −$235	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.04 bp	19.9 bp −$20	63.6 bp −$636	563.2 bp −$56.3K	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.027%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7757	−0.075%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0321%	1h	4.7811	+0.038%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7831	+0.080%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0192%	1h	4.7814	+0.044%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0134%	4h	4.7814	+0.045%	$25.7M	$60.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7848	+0.117%	$885K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7871	+0.165%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7846	+0.112%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7934	+0.296%	$206K	$301K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.518%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0050%	1h	4.7841	+0.101%	$675K	$941K	5x	as long as short
Bybit LITUSDTshort	+0.0055%	4h	4.7808	+0.032%	$41.4M	$28.0M	75x
Paradex LIT-USD-PERP	+0.0093%	8h	4.7930	+0.287%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7889	+0.202%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7832	+0.083%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7931	+0.290%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7798	+0.012%	$76.6M	$75.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7871	+0.164%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7870	+0.162%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7800	+0.015%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7886	+0.195%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7870	+0.162%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7820	+0.058%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7870	+0.162%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7828	+0.074%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	+0.093%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7817	+0.051%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7807	+0.030%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7969	+0.369%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7830	+0.078%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.214%	$119K	$7K	10x	as long as short
Extended LIT-USDlong	+0.0104%	1h	4.7793	long leg	$5.1M	$5.2M	25x
Aevo LIT-PERP	+0.0104%	1h	4.7817	+0.052%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7883	+0.189%	$812K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0199%	4h	4.7906	+0.237%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0268%	1h	4.7912	+0.250%	$216.2M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7854	+0.128%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7905	+0.235%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7841	+0.102%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0433%	1h	4.7919	+0.265%	$10K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7875	+0.173%	$32K	$664K	33x	as long as short