Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1118%/8h= +122.4% APRpaid last 24h +0.025%

Price spread now: Bulk against Gate+0.017%7-day average −0.006% · 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−$44as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.017%, 7d avg −0.006%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Bulk is 0.023% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.029% in total (about 3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7140	−0.1018	get 0.0509% / 4h	1h 38m	$2.8M	$4.5M	50x
Short	Bulk LIT-USD	4.7148	0.0100	get 0.0013% / 1h	38m 56s	$118K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Gate. 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 GatebpFee BulkbpOrdersPrice spread, now +0.017%Rate

Funding earned: $234.78
Price spread: +0.017% → −0.006%: $2.34
Slippage, 4 orders: −$24.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $190.69
Costs to cover: 0.464%
Break-even: 1.3 days

Slippage from Gate: live order book, 4 min ago; Bulk: live order book, 45 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 Gate live order book, 4 min ago	2.12 bp	15.4 bp −$15	49.6 bp −$496	doesn't fit	doesn't fit
Sell Bulk live order book, 45 min ago	0.74 bp	8.4 bp −$8	18.1 bp −$181	57.0 bp −$5,705	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_USDTlong	−0.1018%	4h	4.7140	long leg	$2.8M	$4.5M	50x
Deribit LIT_USDC-PERPETUAL	−0.0875%	1h	4.7131	−0.019%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0689%	1h	4.7159	+0.040%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7085	−0.117%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7085	−0.117%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0520%	4h	4.7100	−0.085%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0427%	4h	4.7060	−0.170%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7128	−0.025%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0296%	4h	4.7092	−0.102%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7162	+0.047%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0227%	1h	4.7161	+0.045%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.073%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.233%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7184	+0.092%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.193%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.7133	−0.014%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7204	+0.135%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7181	+0.088%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0004%	8h	4.7114	−0.054%	$6K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.909%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.127%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.7091	−0.104%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7057	−0.176%	$74.6M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7121	−0.041%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0073%	1h	4.7145	+0.011%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7197	+0.121%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7196	+0.119%	$210.4M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7161	+0.045%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7174	+0.072%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7148	+0.017%	$116K	$447K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7148	+0.017%	$118K	$5K	10x
Bitget LITUSDT	+0.0100%	4h	4.7170	+0.064%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.106%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7148	+0.017%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7175	+0.074%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7145	+0.011%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7227	+0.185%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7082	−0.122%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	−0.093%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7178	+0.080%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7171	+0.065%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7222	+0.174%	$3.7M	$13.6M	5x	as long as short