Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0404%/8h= −44.2% APRpaid last 24h −0.063%

Price spread now: Coinbase International against HTX−0.734%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.943%−$94 on $10k

Price spread, last 4 days (all we have)+0.787%+$79 · spread now −0.734%, 7d avg −0.007%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.726% cheaper against HTX than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7223	0.0100	pay 0.0050% / 4h	3h 13m	$200K	$358K	30x
Short	Coinbase International LIT-PERP-INTX	4.6877	−0.0304	pay 0.0038% / 1h	13m 10s	$607K	$357K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.734%Rate

Funding earned: −$84.84
Price spread: −0.734% → −0.007%: −$72.61
Slippage, 4 orders: −$79.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$259.41
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from HTX: live order book, 40 min ago; Coinbase International: live order book, 40 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 HTX live order book, 40 min ago	17.36 bp	37.6 bp −$38	444.3 bp −$4,443	doesn't fit	doesn't fit
Sell Coinbase International live order book, 40 min ago	9.39 bp	16.9 bp −$17	38.9 bp −$389	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0631%	1h	4.7165	−0.123%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0389%	4h	4.7131	−0.195%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7105	−0.250%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.7179	−0.093%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0304%	1h	4.6877	−0.734%	$607K	$357K	50x
Phemex LITUSDT	−0.0273%	4h	4.7160	−0.133%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0203%	4h	4.7160	−0.133%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0074%	4h	4.7154	−0.146%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	−0.112%	$56K	$75K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7260	+0.078%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.7178	−0.095%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7217	−0.014%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7211	−0.026%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7244	+0.044%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7230	+0.015%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.730%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7142	−0.172%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7237	+0.030%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0099%	1h	4.7177	−0.096%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7229	+0.013%	$210.9M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7214	−0.019%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7141	−0.173%	$75.6M	$78.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7204	−0.040%	$115K	$452K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7200	−0.049%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7149	−0.157%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7250	+0.057%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7189	−0.072%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.059%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.100%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7180	−0.091%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7200	−0.048%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7153	−0.148%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7171	−0.110%	$1K	$372K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7223	long leg	$200K	$358K	30x
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.599%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7152	−0.151%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7165	−0.122%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7239	+0.034%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7255	+0.068%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	−0.142%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0396%	1h	4.7216	−0.014%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7214	−0.019%	$65K	—	50x	as long as short