Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: SunX against Injective−2.300%61s7-day average +11.642% · you buy dearer than you sell

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 3 days (all we have)+19.436%+$1,944 · spread now −2.300%, 7d avg +11.642%

Together, before fees+19.594%+$1,959 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 13.942% cheaper against Injective than usual: you would sell low and buy high (spread −2.300% now, against its 7-day average of +11.642%). If the spread goes back, that is −$1,394 on $10k: about 23 months of funding at the current rate (+$2 a day). The two prices were read 61 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	5m 38s	$422	$178K	5.5x
Short	SunX LIT-USDT	4.6935	0.0100	get 0.0050% / 4h	2h 05m	$4K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −2.300%Rate

Funding earned: $14
Price spread: −2.300% → +11.642%: −$1,394.23
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,388.25
Costs to cover: 0.080%
Break-even: 701.1 days

Slippage unknown: Injective: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	500.14 bp	doesn't fit	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 41 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	−0.0520%	1h	4.6908	−2.356%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0431%	4h	4.6861	−2.454%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0328%	1h	4.6919	−2.334%	$84K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0141%	1h	4.6910	−2.352%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.6951	−2.268%	$893K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	−2.129%	$203K	$352K	5x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6910	−2.352%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0084%	4h	4.6926	−2.319%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	−1.364%	$670K	$373K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0079%	4h	4.6925	−2.321%	$25.4M	$61.8M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.0078%	1h	4.6907	−2.358%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0030%	4h	4.6900	−2.373%	$2.7M	$4.3M	50x	as long as short
Bulk LIT-USD	−0.0020%	1h	4.7177	−1.796%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6912	−2.348%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6924	−2.323%	$11K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0047%	8h	4.6891	−2.391%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6937	−2.297%	$817K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6976	−2.215%	$58.8M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6900	−2.373%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6974	−2.219%	$210.1M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6922	−2.327%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6898	−2.377%	$74.7M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6890	−2.394%	$41.7M	$28.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6924	−2.323%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6903	−2.367%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6920	−2.331%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6903	−2.367%	$680K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6929	−2.313%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6926	−2.319%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6927	−2.316%	$2K	—	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.6935	−2.300%	$4K	$1.1M	20x
SoDEX LIT-USD	+0.0100%	1h	4.6925	−2.321%	$1K	$420K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	−2.165%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6860	−2.456%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6908	−2.357%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0123%	4h	4.6959	−2.250%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0208%	1h	4.6998	−2.169%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0257%	1h	4.7036	−2.089%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0201%	1h	4.6922	−2.328%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6939	−2.292%	$31K	$839K	33x	as long as short