Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0394%/8h= +43.1% APRpaid last 24h +0.031%

Price spread now: Extended against KuCoin−0.004%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.004%, 7d avg −0.059%

Together, before fees+0.143%+ Points / potential airdropExtended: Active · farm board+$14 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 Extended is 0.055% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.059%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% 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	4.7019	−0.0290	get 0.0145% / 4h	1h 33m	$5.2M	$1.1M	30x
Short	Extended LIT-USD	4.7017	0.0104	get 0.0013% / 1h	33m 29s	$5.2M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.004%Rate

Funding earned: $82.74
Price spread: −0.004% → −0.059%: $5.51
Slippage, 4 orders: −$36.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $35.07
Costs to cover: 0.532%
Break-even: 4.0 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 5 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, 4 min ago	6.91 bp	25.9 bp −$26	450.2 bp −$4,502	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.32 bp	3.7 bp −$4	20.0 bp −$200	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	−0.1112%	4h	4.7050	+0.066%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0915%	1h	4.7081	+0.131%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0743%	1h	4.7126	+0.228%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.6963	−0.119%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.6976	−0.091%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0534%	4h	4.7100	+0.172%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0438%	4h	4.6969	−0.106%	$25.2M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0335%	1h	4.7010	−0.020%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0303%	4h	4.7030	+0.023%	$42.5M	$30.3M	75x	as long as short
KuCoin LITUSDTMlong	−0.0290%	4h	4.7019	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	−0.0228%	1h	4.7080	+0.131%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0186%	4h	4.6990	−0.062%	$898K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7002	−0.036%	$665K	$397K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7077	+0.124%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0038%	1h	4.7035	+0.035%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7044	+0.053%	$243K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0006%	8h	4.7019	0.000%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7104	+0.181%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7080	+0.131%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.171%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7007	−0.026%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0057%	4h	4.6992	−0.057%	$74.5M	$80.9M	75x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.6995	−0.050%	$286K	$311K	10x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7085	+0.140%	$1K	$465K	5x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7053	+0.073%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7122	+0.219%	$59.3M	$29.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7077	+0.123%	$209.9M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7116	+0.205%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7095	+0.162%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7055	+0.077%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.274%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	+0.130%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7000	−0.040%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7028	+0.019%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7123	+0.220%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7056	+0.079%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7047	+0.060%	$188K	$329K	30x	as long as short
Extended LIT-USDshort	+0.0104%	1h	4.7017	−0.004%	$5.2M	$5.1M	25x
BloFin LIT-USDT	+0.0230%	4h	4.6967	−0.111%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7036	+0.037%	$31K	$838K	33x	as long as short
Lighter RH LIT	+0.0352%	1h	4.7143	+0.264%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7057	+0.082%	$59K	—	50x	as long as short