Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective−2.076%7-day average +9.830% · you buy dearer than you sell

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

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+17.239%+$1,724 · spread now −2.076%, 7d avg +9.830%

Together, before fees+17.287%+ Points / potential airdropedgeX: Active · farm board+$1,729 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 11.906% cheaper against Injective than usual: you would sell low and buy high (spread −2.076% now, against its 7-day average of +9.830%). If the spread goes back, that is −$1,191 on $10k: about 20 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.048% in total) that is about years.

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 38s	$422	$178K	5.5x
Short	edgeX LITUSDC	4.7043	0.0100	get 0.0050% / 4h	1h 15m	$286K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −2.076%Rate

Funding earned: $14
Price spread: −2.076% → +9.830%: −$1,190.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1,185.62
Costs to cover: 0.090%
Break-even: 599.8 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 47 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 edgeX live order book, 47 min ago	5.22 bp	10.6 bp −$11	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0423%	1h	4.7398	−1.336%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0380%	4h	4.7345	−1.447%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.7386	−1.361%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0232%	1h	4.7397	−1.338%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	−1.990%	$203K	$341K	5x	as long as short
Gate LIT_USDT	−0.0060%	4h	4.7350	−1.436%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0029%	4h	4.7360	−1.415%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−2.582%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7433	−1.264%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7061	−2.039%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	+0.0026%	4h	4.7026	−2.111%	$25.3M	$62.0M	50x	as long as short
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−2.102%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
KuCoin LITUSDTM	+0.0042%	4h	4.7050	−2.061%	$5.2M	$1.0M	30x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.7140	−1.874%	$909K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.7008	−2.149%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7061	−2.038%	$58.7M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7076	−2.007%	$3.7M	$13.3M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7050	−2.061%	$791K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7393	−1.348%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7090	−1.978%	$210.5M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7045	−2.072%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7019	−2.125%	$74.9M	$79.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7020	−2.123%	$41.7M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7061	−2.038%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−2.448%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7017	−2.129%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7060	−2.040%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7371	−1.393%	$673K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7043	−2.076%	$286K	$304K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7418	−1.295%	$443K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7432	−1.266%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7377	−1.380%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7396	−1.341%	$2K	$398K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	−1.239%	$196K	$380K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7023	−2.118%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7386	−1.361%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0161%	1h	4.7159	−1.834%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0225%	4h	4.7375	−1.385%	$12.7M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7419	−1.293%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0417% / S −0.0212%	1h	4.7433	−1.264%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7426	−1.278%	$32K	$815K	33x	as long as short