Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%

Price spread now: Aster against Injective−1.788%117s7-day average +10.502% · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+17.103%+$1,710 · spread now −1.788%, 7d avg +10.502%

Together, before fees+17.194%+ Points / potential airdropAster: Stage 5 · farm board+$1,719 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 12.290% cheaper against Injective than usual: you would sell low and buy high (spread −1.788% now, against its 7-day average of +10.502%). If the spread goes back, that is −$1,229 on $10k: about 20 months of funding at the current rate (+$2 a day). The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LIT/USDC PERP	4.8040	0.0033	pay 0.0004% / 1h	15m 23s	$422	$178K	5.5x
Short	Aster LITUSDT	4.7181	0.0100	get 0.0050% / 4h	1h 15m	$12.6M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee AsterbpOrdersPrice spread, now −1.788%Rate

Funding earned: $14
Price spread: −1.788% → +10.502%: −$1,229.02
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,223.04
Costs to cover: 0.080%
Break-even: 618.5 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 4 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	1.81 bp	8.0 bp −$8	18.6 bp −$186	doesn't fit	doesn't fit

Injective: 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_USDT	−0.1272%	4h	4.7140	−1.873%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0798%	1h	4.7125	−1.905%	$662K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0630%	1h	4.7104	−1.949%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0622%	4h	4.7096	−1.965%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7069	−2.021%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0511%	4h	4.7070	−2.019%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0472%	4h	4.7121	−1.913%	$25.4M	$62.5M	50x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7126	−1.903%	$84K	$81K	20x	as long as short
Bybit LITUSDT	−0.0285%	4h	4.7155	−1.842%	$42.5M	$30.2M	75x	as long as short
KuCoin LITUSDTM	−0.0266%	4h	4.7096	−1.965%	$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	−0.0239%	1h	4.6994	−2.176%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0158%	4h	4.6909	−2.354%	$893K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	−1.755%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7138	−1.878%	$796K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.6887	−2.400%	$203K	$327K	5x	as long as short
Nado LIT-PERP	−0.0013%	1h	4.7135	−1.884%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7143	−1.866%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0001%	8h	4.7135	−1.883%	$7K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7180	−1.791%	$35K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
edgeX LITUSDC	+0.0052%	4h	4.6888	−2.399%	$285K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7117	−1.921%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0061%	4h	4.7133	−1.889%	$74.9M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7078	−2.003%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7156	−1.840%	$59.4M	$29.8M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7209	−1.730%	$210.8M	$44.3M	5x	as long as short
Aster LITUSDTshort	+0.0100%	4h	4.7181	−1.788%	$12.6M	$2.4M	50x
Pacifica LIT	+0.0100%	1h	4.7141	−1.872%	$604K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7108	−1.940%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6888	−2.398%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	−1.832%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6920	−2.331%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7144	−1.865%	$445K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7129	−1.897%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7066	−2.027%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	−1.988%	$1K	$464K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6991	−2.184%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7105	−1.946%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7181	−1.788%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0216%	4h	4.6887	−2.400%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7129	−1.896%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0376% / S −0.0169%	1h	4.7174	−1.802%	$62K	—	50x	as long as short