Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.057%

Price spread now: Bullet against KuCoin+0.026%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bullet is 0.026% dearer against KuCoin than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.6791	−0.0002	get 0.0001% / 4h	1h 36m	$5.2M	$1.1M	30x
Short	Bullet LIT-USD	4.6803	−0.0286	pay 0.0036% / 1h	36m 50s	$84K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$59.72
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$77.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Bullet: no order-book sample. 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 KuCoin live order book, 1 min ago	5.02 bp	26.5 bp −$27	487.8 bp −$4,878	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6746	−0.096%	$32K	$1K	10x	as long as short
Bullet LIT-USDshort	−0.0286%	1h	4.6803	+0.026%	$84K	$68K	20x
01 Exchange LITUSD	−0.0272%	1h	4.6758	−0.071%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0214%	1h	4.6796	+0.010%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0138%	4h	4.6810	+0.041%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6842	+0.109%	$201K	$341K	5x	as long as short
ApeX Omni LITUSDT	−0.0027%	1h	4.6710	−0.173%	$56K	$76K	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6865	+0.159%	$658K	$372K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0007%	4h	4.6838	+0.100%	$25.3M	$61.6M	50x	as long as short
KuCoin LITUSDTMlong	−0.0002%	4h	4.6791	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
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6832	+0.088%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0011%	1h	4.6791	0.000%	$34K	—	5x	as long as short
Phemex LITUSDT	+0.0017%	4h	4.6790	−0.002%	$1.4M	$2.8M	20x	as long as short
GRVT LIT_USDT_Perp	+0.0020%	4h	4.6750	−0.088%	$907K	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.669%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0061%	1h	4.6841	+0.107%	$683K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0068%	8h	4.6757	−0.073%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	+0.031%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6893	+0.218%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6815	+0.052%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6775	−0.034%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6874	+0.177%	$209.4M	$41.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6782	−0.019%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6787	−0.008%	$74.3M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6820	+0.062%	$41.5M	$28.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6794	+0.006%	$117K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6796	+0.011%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6840	+0.105%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6742	−0.106%	$285K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6825	+0.073%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6827	+0.076%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6786	−0.011%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6802	+0.024%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6825	+0.073%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6778	−0.028%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6761	−0.064%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.6912	+0.259%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0181%	4h	4.6877	+0.184%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0252%	1h	4.6803	+0.026%	$9K	$207K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6801	+0.021%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0411% / S −0.0207%	1h	4.6834	+0.092%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6829	+0.081%	$31K	$827K	33x	as long as short