Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Bitget against Injective−1.124%51s7-day average +10.167% · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)+16.023%+$1,602 · spread now −1.124%, 7d avg +10.167%

Together, before fees+16.125%+$1,612 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 11.291% cheaper against Injective than usual: you would sell low and buy high (spread −1.124% now, against its 7-day average of +10.167%). If the spread goes back, that is −$1,129 on $10k: about 19 months of funding at the current rate (+$2 a day). The two prices were read 51 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	44m 28s	$422	$178K	5.5x
Short	Bitget LITUSDT	4.7500	0.0100	get 0.0050% / 4h	3h 44m	$6.8M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −1.124%Rate

Funding earned: $14
Price spread: −1.124% → +10.167%: −$1,129.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,127.17
Costs to cover: 0.120%
Break-even: 570.6 days

Slippage unknown: Injective: no order-book sample; Bitget: 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 Bitget live order book, 4 min ago	1.06 bp	21.9 bp −$22	86.3 bp −$863	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	−0.0532%	4h	4.7470	−1.187%	$2.8M	$4.4M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0515%	4h	4.7374	−1.386%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0494%	1h	4.7414	−1.303%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7476	−1.174%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0323%	1h	4.7462	−1.203%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0262%	4h	4.7478	−1.170%	$25.8M	$64.1M	50x	as long as short
KuCoin LITUSDTM	−0.0156%	4h	4.7482	−1.162%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0142%	1h	4.7479	−1.168%	$684K	$1.4M	5x	as long as short
Phemex LITUSDT	−0.0091%	4h	4.7410	−1.311%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	−1.304%	$670K	$402K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7138	−1.879%	$894K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0058%	1h	4.7180	−1.790%	$55K	$77K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7328	−1.482%	$205K	$361K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7522	−1.077%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7507	−1.109%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7497	−1.129%	$35K	—	150x	as long as short
Nado LIT-PERP	+0.0014%	1h	4.7475	−1.176%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0040%	8h	4.7464	−1.199%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7526	−1.070%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7560	−0.999%	$3.7M	$13.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7551	−1.018%	$12.7M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7496	−1.132%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7455	−1.217%	$75.7M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7465	−1.197%	$42.8M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7475	−1.176%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7141	−1.871%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7453	−1.222%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7500	−1.124%	$6.8M	$2.8M	20x
edgeX LITUSDC	+0.0100%	4h	4.7147	−1.860%	$287K	$311K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7483	−1.159%	$449K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7442	−1.244%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7366	−1.403%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7425	−1.280%	$998	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7344	−1.449%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7451	−1.227%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7406	−1.320%	$148K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7496	−1.131%	$807K	$2.0M	5x	as long as short
Hyperliquid LIT	+0.0154%	1h	4.7555	−1.010%	$213.3M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0313%	1h	4.7325	−1.488%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7352	−1.432%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0384% / S −0.0176%	1h	4.7487	−1.152%	$63K	—	50x	as long as short