Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.079%

Price spread now: OKX against Injective−1.946%7-day average +9.653% · you buy dearer than you sell

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)+17.189%+$1,719 · spread now −1.946%, 7d avg +9.653%

Together, before fees+17.063%+$1,706 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 11.600% cheaper against Injective than usual: you would sell low and buy high (−$1,160 if the spread goes back to its 7-day average of +9.653%). Swap the legs.

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	1m 21s	$422	$178K	5.5x
Short	OKX LIT-USDT-SWAP	4.7105	0.0007	get 0.0004% / 4h	1m 21s	$25.3M	$61.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now −1.946%Rate

Funding earned: −$5.46
Price spread: −1.946% → +9.653%: −$1,159.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,175.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.11 bp	11.0 bp −$11	30.2 bp −$302	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
01 Exchange LITUSD	−0.0400%	1h	4.7099	−1.959%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7051	−2.059%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0323%	1h	4.7114	−1.927%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0293%	1h	4.7108	−1.940%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−2.365%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0122%	4h	4.7150	−1.853%	$2.7M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0102%	4h	4.7100	−1.957%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0101%	4h	4.7099	−1.959%	$41.3M	$28.9M	75x	as long as short
Phoenix LIT	−0.0034%	1h	4.7099	−1.959%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7192	−1.766%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7136	−1.881%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAPshort	+0.0007%	4h	4.7105	−1.946%	$25.3M	$61.3M	50x
KuCoin LITUSDTM	+0.0016%	4h	4.7116	−1.923%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Extended LIT-USD	+0.0064%	1h	4.7082	−1.995%	$5.2M	$5.0M	25x	as long as short
Nado LIT-PERP	+0.0066%	1h	4.7120	−1.915%	$2.2M	$1.7M	10x	as long as short
Backpack LIT_USDC_PERP	+0.0066%	1h	4.7094	−1.969%	$663K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0067%	1h	4.7080	−1.998%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7104	−1.949%	$6K	$2K	5x	as long as short
Aftermath Perps LITUSD	+0.0073%	1h	4.7095	−1.966%	$10K	$204K	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7166	−1.820%	$786K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7187	−1.776%	$58.8M	$29.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7215	−1.717%	$3.8M	$13.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7207	−1.734%	$210.8M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7157	−1.838%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7119	−1.917%	$75.4M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	−1.848%	$118K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−2.044%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7129	−1.896%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7140	−1.873%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7105	−1.945%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7089	−1.979%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7138	−1.878%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7134	−1.886%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7141	−1.871%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7110	−1.936%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7182	−1.786%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7094	−1.969%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7180	−1.790%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7194	−1.762%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7082	−1.994%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7140	−1.873%	$65K	—	50x	as long as short