Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.045%

Price spread now: Aevo against KuCoin−0.066%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1921.917% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.066%, 7d avg −0.053%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.7387	−0.0138	get 0.0069% / 4h	2h 26m	$5.3M	$1.1M	30x
Short	Aevo LIT-PERP	4.7356	0.0104	get 0.0013% / 1h	26m 34s	$148K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.066%Rate

Funding earned: $50.82
Price spread: −0.066% → −0.053%: −$1.39
Slippage, 4 orders: −$163.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$142.25
Costs to cover: 1.917%
Break-even: 26.6 days

Slippage from KuCoin: live order book, 6 min ago; Aevo: live order book, 42 min ago.

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 KuCoin live order book, 6 min ago	8.28 bp	34.7 bp −$35	442.4 bp −$4,424	doesn't fit	doesn't fit
Sell Aevo live order book, 42 min ago	58.71 bp	66.7 bp −$67	doesn't fit	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.0807%	1h	4.7369	−0.038%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7358	−0.061%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0463%	4h	4.7291	−0.203%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0460%	1h	4.7366	−0.044%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.416%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.583%	$906K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0146%	4h	4.7424	+0.078%	$25.7M	$64.0M	50x	as long as short
Gate LIT_USDT	−0.0138%	4h	4.7380	−0.015%	$2.8M	$4.3M	50x	as long as short
KuCoin LITUSDTMlong	−0.0138%	4h	4.7387	long leg	$5.3M	$1.1M	30x
Phoenix LIT	−0.0102%	1h	4.7401	+0.030%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.046%	$671K	$374K	50x	as long as short
Phemex LITUSDT	−0.0078%	4h	4.7350	−0.078%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.186%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7392	+0.010%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7431	+0.092%	$475	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0029%	1h	4.7414	+0.057%	$684K	$1.4M	5x	as long as short
Bybit LITUSDT	+0.0030%	4h	4.7400	+0.027%	$42.4M	$29.2M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.378%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0033%	8h	4.7395	+0.016%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7385	−0.004%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7439	+0.111%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7477	+0.190%	$59.5M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7487	+0.211%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7405	+0.038%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7473	+0.181%	$212.4M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7476	+0.188%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7441	+0.114%	$589K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7378	−0.019%	$75.6M	$80.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7414	+0.057%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7375	−0.025%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7430	+0.091%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.516%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7415	+0.059%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7406	+0.041%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7409	+0.046%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.359%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7388	+0.001%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERPshort	+0.0104%	1h	4.7356	−0.066%	$148K	—	3x
Aftermath Perps LITUSD	+0.0268%	1h	4.7176	−0.445%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7405	+0.038%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7421	+0.072%	$31K	$860K	33x	as long as short