Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.031%

Price spread now: Bulk against KuCoin+0.055%7-day average +0.014% · 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−$52as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on KuCoin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.055%, 7d avg +0.014%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bulk is 0.041% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.014%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 5.9% 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	4.7122	−0.0292	get 0.0146% / 4h	1h 37m	$5.2M	$1.1M	30x
Short	Bulk LIT-USD	4.7148	0.0100	get 0.0013% / 1h	37m 11s	$118K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.055%Rate

Funding earned: $82.32
Price spread: +0.055% → +0.014%: $4.07
Slippage, 4 orders: −$37.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $30.08
Costs to cover: 0.563%
Break-even: 4.4 days

Slippage from KuCoin: live order book, 1 min ago; Bulk: live order book, 47 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, 1 min ago	6.91 bp	25.9 bp −$26	450.2 bp −$4,502	doesn't fit	doesn't fit
Sell Bulk live order book, 47 min ago	0.74 bp	8.4 bp −$8	18.1 bp −$181	57.0 bp −$5,705	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	−0.1064%	4h	4.7090	−0.068%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0966%	1h	4.7054	−0.145%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0721%	1h	4.7090	−0.068%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7002	−0.255%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0552%	1h	4.6997	−0.265%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0527%	4h	4.7040	−0.174%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0429%	4h	4.7034	−0.187%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7050	−0.153%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0305%	4h	4.7061	−0.129%	$42.5M	$30.3M	75x	as long as short
KuCoin LITUSDTMlong	−0.0292%	4h	4.7122	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 LITUSD	−0.0226%	1h	4.7140	+0.039%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0178%	4h	4.7130	+0.016%	$900K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.272%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7104	−0.039%	$785K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0042%	1h	4.7040	−0.173%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7117	−0.011%	$245K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7124	+0.005%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7073	−0.104%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7123	+0.002%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.948%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0044%	1h	4.7055	−0.142%	$1K	$467K	5x	as long as short
Binance LITUSDT	+0.0058%	4h	4.7035	−0.185%	$74.6M	$81.1M	75x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7140	+0.037%	$287K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7031	−0.193%	$5.6M	$4.2M	100x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7050	−0.154%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7123	+0.002%	$59.2M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7132	+0.021%	$210.1M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7126	+0.009%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7103	−0.039%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7078	−0.093%	$116K	$447K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7148	+0.055%	$118K	$5K	10x
Bitget LITUSDT	+0.0100%	4h	4.7080	−0.089%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	+0.017%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7072	−0.106%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7103	−0.040%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7063	−0.125%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.032%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7032	−0.190%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0233%	4h	4.7034	−0.187%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7085	−0.080%	$31K	$840K	33x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7147	+0.053%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7104	−0.037%	$59K	—	50x	as long as short