Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h +0.006%

Price spread now: Coinbase International against Gate−0.251%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1101.095% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.762%−$76 on $10k

Price spread, last 4 days (all we have)+0.675%+$68 · spread now −0.251%, 7d avg +0.084%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 0.335% cheaper against Gate than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7900	0.0100	pay 0.0050% / 4h	1h 08m	$2.8M	$4.2M	50x
Short	Coinbase International LIT-PERP-INTX	4.7780	−0.0440	pay 0.0055% / 1h	8m 15s	$605K	$352K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.251%Rate

Funding earned: −$113.4
Price spread: −0.251% → +0.084%: −$33.47
Slippage, 4 orders: −$84.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$256.39
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 35 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, 5 min ago	2.09 bp	30.0 bp −$30	72.0 bp −$720	doesn't fit	doesn't fit
Sell Coinbase International live order book, 35 min ago	10.61 bp	18.5 bp −$19	52.6 bp −$526	doesn't fit	doesn't fit

LIT on 41 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-INTXshort	−0.0440%	1h	4.7780	−0.251%	$605K	$352K	50x
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7845	−0.115%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7877	−0.048%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0190%	1h	4.7899	−0.002%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0128%	4h	4.7904	+0.008%	$25.7M	$60.7M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0096%	1h	4.7918	+0.038%	$42K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0066%	4h	4.7881	−0.040%	$887K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7901	+0.003%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7917	+0.035%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0029%	1h	4.7901	+0.002%	$676K	$942K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7934	+0.071%	$206K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.292%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0072%	4h	4.7869	−0.065%	$41.5M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7849	−0.107%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7951	+0.106%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7877	−0.047%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7902	+0.005%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7890	−0.021%	$76.7M	$75.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7895	−0.010%	$124K	$445K	5x	as long as short
Gate LIT_USDTlong	+0.0100%	4h	4.7900	long leg	$2.8M	$4.2M	50x
MEXC LIT_USDT	+0.0100%	4h	4.7880	−0.042%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7904	+0.008%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7930	+0.063%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7930	+0.062%	$293K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7860	−0.084%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7894	−0.013%	$450K	$83K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7869	−0.065%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7912	+0.025%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7952	+0.109%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7880	−0.042%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	−0.010%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7885	−0.031%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7896	−0.007%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7897	−0.005%	$811K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0199%	4h	4.7919	+0.040%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0268%	1h	4.7980	+0.167%	$216.5M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7875	−0.052%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7961	+0.127%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0388%	1h	4.7958	+0.122%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7925	+0.052%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7953	+0.110%	$32K	$667K	33x	as long as short