Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h −0.071%

Price spread now: Bullet against Gate−0.097%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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. Bullet is 0.097% cheaper against Gate than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 16 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7360	−0.0820	get 0.0410% / 4h	10m 21s	$2.8M	$4.6M	50x
Short	Bullet LIT-USD	4.7314	−0.0350	pay 0.0044% / 1h	10m 21s	$85K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.097%Rate

Funding earned: $98.75
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bullet: 4 bp × 2 orders: −$8
Net: $66.07
Costs to cover: 0.230%
Break-even: 2.3 days

Slippage unknown: Gate: live order book, 3 min ago; Bullet: 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 Gate live order book, 3 min ago	2.12 bp	15.3 bp −$15	47.3 bp −$473	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Gate LIT_USDTlong	−0.0820%	4h	4.7360	long leg	$2.8M	$4.6M	50x
Deribit LIT_USDC-PERPETUAL	−0.0782%	1h	4.7322	−0.079%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7243	−0.247%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0543%	4h	4.7264	−0.203%	$32K	$2K	10x	as long as short
Bullet LIT-USDshort	−0.0350%	1h	4.7314	−0.097%	$85K	$78K	20x
OKX LIT-USDT-SWAP	−0.0339%	4h	4.7336	−0.051%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0304%	4h	4.7310	−0.106%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0170%	4h	4.7354	−0.013%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.524%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7229	−0.276%	$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	−0.158%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7344	−0.033%	$31K	$853K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7373	+0.027%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.004%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7354	−0.012%	$819K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7284	−0.160%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.436%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0043%	4h	4.7330	−0.063%	$42.6M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7387	+0.057%	$59.2M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7305	−0.116%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7401	+0.087%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7354	−0.013%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7301	−0.125%	$75.4M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7317	−0.091%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−0.093%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7306	−0.114%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	−0.042%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7294	−0.139%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.244%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.253%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7330	−0.063%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7358	−0.005%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7297	−0.133%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	−0.053%	$994	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7390	+0.063%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7326	−0.072%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7302	−0.123%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0187%	1h	4.7314	−0.098%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7409	+0.103%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0204%	1h	4.7419	+0.125%	$212.7M	$45.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7232	−0.270%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7341	−0.040%	$62K	—	50x	as long as short