Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.023%

Price spread now: KuCoin against Injective+1.451%70s7-day average +9.398% · you sell dearer than you buy

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+13.755%+$1,376 · spread now +1.451%, 7d avg +9.398%

Together, before fees+13.798%+$1,380 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 7.947% cheaper against Injective than usual: you would sell low and buy high (spread +1.451% now, against its 7-day average of +9.398%). If the spread goes back, that is −$795 on $10k: about years of funding at the current rate ($0 a day). The two prices were read 70 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	18m 02s	$422	$178K	5.5x
Short	KuCoin LITUSDTM	4.8737	0.0046	get 0.0023% / 4h	2h 18m	$5.5M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +1.451%Rate

Funding earned: $2.66
Price spread: +1.451% → +9.398%: −$794.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$804.08
Costs to cover: 0.120%
Break-even: 2123.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	7.20 bp	27.2 bp −$27	166.0 bp −$1,660	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	+0.896%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0354%	4h	4.8660	+1.291%	$33K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0238%	1h	4.8713	+1.401%	$43K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0216%	1h	4.8602	+1.170%	$32K	$4K	5x	as long as short
Bullet LIT-USD	−0.0166%	1h	4.8669	+1.309%	$87K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0144%	4h	4.7790	−0.520%	$891K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.8663	+1.297%	$26.2M	$63.0M	50x	as long as short
Phemex LITUSDT	−0.0140%	4h	4.8690	+1.353%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0017%	1h	4.8141	+0.210%	$207K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8608	+1.182%	$845K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8471	+0.898%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8711	+1.396%	$12K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
KuCoin LITUSDTMshort	+0.0046%	4h	4.8737	+1.451%	$5.5M	$1.0M	30x
Bybit LITUSDT	+0.0058%	4h	4.8675	+1.322%	$42.2M	$28.8M	75x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8413	+0.777%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8756	+1.490%	$60.7M	$28.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8610	+1.187%	$2.2M	$1.7M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8465	+0.885%	$620K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8679	+1.330%	$78.2M	$77.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8609	+1.184%	$116K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−0.453%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8740	+1.457%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8689	+1.351%	$6.1M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8760	+1.499%	$7.0M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8767	+1.513%	$683K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8045	+0.011%	$294K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7750	−0.604%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8615	+1.197%	$457K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8731	+1.438%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8690	+1.353%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8705	+1.384%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8615	+1.197%	$202K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8753	+1.483%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8700	+1.374%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8774	+1.528%	$3.7M	$13.3M	5x	as long as short
Hyperliquid LIT	+0.0204%	1h	4.8813	+1.609%	$220.0M	$41.1M	5x	as long as short
Aster LITUSDT	+0.0227%	4h	4.8780	+1.541%	$13.0M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0261%	1h	4.8071	+0.064%	$9K	$217K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8370	+0.687%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0217%	1h	4.8718	+1.412%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8614	+1.196%	$35K	$686K	33x	as long as short