Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.075%

Price spread now: Aftermath Perps against KuCoin+0.051%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on KuCoin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.381%+$38 on $10k

Price spread, last 3 days (all we have)+0.853%+$85 · spread now +0.051%, 7d avg +0.116%

Together, before fees+1.234%+$123 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.116%). If the spread goes back, that is −$6 on $10k: about 3.5 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.381% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.7132	−0.0288	get 0.0144% / 4h	1h 38m	$5.2M	$1.1M	30x
Short	Aftermath Perps LITUSD	4.7156	−0.0227	pay 0.0028% / 1h	38m 02s	$10K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.051%Rate

Funding earned: $12.82
Price spread: +0.051% → +0.116%: −$6.47
Slippage, 4 orders: −$80.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$94.95
Costs to cover: 1.013%
Break-even: 58.8 days

Slippage from KuCoin: live order book, 5 min ago; Aftermath Perps: live order book, 46 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, 5 min ago	5.94 bp	27.4 bp −$27	453.2 bp −$4,532	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 46 min ago	12.25 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit

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
Gate LIT_USDT	−0.1046%	4h	4.7090	−0.089%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0985%	1h	4.7082	−0.105%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0702%	1h	4.7094	−0.081%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7029	−0.219%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7010	−0.259%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0524%	4h	4.7040	−0.195%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0428%	4h	4.7042	−0.191%	$25.2M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0341%	1h	4.7049	−0.176%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0309%	4h	4.7064	−0.144%	$42.5M	$30.4M	75x	as long as short
KuCoin LITUSDTMlong	−0.0288%	4h	4.7132	long leg	$5.2M	$1.1M	30x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSDshort	−0.0227%	1h	4.7156	+0.051%	$10K	$202K	10x
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.090%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.250%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7111	−0.046%	$785K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0039%	1h	4.7043	−0.188%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.210%	$245K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7124	−0.016%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7085	−0.100%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7131	−0.001%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.927%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0044%	1h	4.7065	−0.142%	$1K	$467K	5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.144%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7042	−0.191%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7038	−0.199%	$74.6M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7064	−0.145%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7124	−0.017%	$59.2M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7130	−0.004%	$210.1M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7130	−0.004%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7131	−0.002%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7084	−0.102%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.034%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−0.068%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.123%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7090	−0.089%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7139	+0.015%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7083	−0.104%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.011%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7056	−0.161%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	−0.076%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7106	−0.056%	$31K	$840K	33x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7148	+0.034%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7115	−0.035%	$59K	—	50x	as long as short