Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.067%

Price spread now: Coinbase International against MEXC−0.911%51s7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.414% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.823%−$82 on $10k

Price spread, last 4 days (all we have)+1.381%+$138 · spread now −0.911%, 7d avg +0.137%

Together, before fees+0.558%+$56 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Coinbase International is 1.048% cheaper against MEXC than usual: you would sell low and buy high (−$105 if the spread goes back to its 7-day average of +0.137%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7735	0.0100	pay 0.0050% / 4h	2h 23m	$5.8M	$3.9M	100x
Short	Coinbase International LIT-PERP-INTX	4.7300	−0.0448	pay 0.0056% / 1h	23m 24s	$612K	$347K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now −0.911%Rate

Funding earned: −$115.08
Price spread: −0.911% → +0.137%: −$104.84
Slippage, 4 orders: −$27.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$261.36
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 25 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 MEXC live order book, 4 min ago	0.10 bp	4.3 bp −$4	42.6 bp −$426	318.6 bp −$31.9K	doesn't fit
Sell Coinbase International live order book, 25 min ago	7.20 bp	16.1 bp −$16	58.2 bp −$582	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
Coinbase International LIT-PERP-INTXshort	−0.0448%	1h	4.7300	−0.911%	$612K	$347K	50x
Orderly PERP_LIT_USDC	−0.0358%	4h	4.7778	+0.090%	$33K	$1K	10x	as long as short
Phemex LITUSDT	−0.0287%	4h	4.7800	+0.136%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7713	−0.046%	$31K	$4K	5x	as long as short
Bullet LIT-USD	−0.0176%	1h	4.7736	+0.002%	$85K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0150%	4h	4.7721	−0.029%	$881K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7744	+0.019%	$25.6M	$61.2M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0078%	1h	4.7828	+0.196%	$42K	$40K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.7786	+0.107%	$206K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7761	+0.055%	$824K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0002%	4h	4.7770	+0.073%	$41.5M	$28.6M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7810	+0.158%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7797	+0.131%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0028%	4h	4.7760	+0.052%	$5.4M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.639%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7711	−0.049%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7800	+0.136%	$59.6M	$27.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7745	+0.021%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7780	+0.094%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7739	+0.007%	$76.7M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7747	+0.025%	$118K	$461K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	−0.572%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7780	+0.094%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDTlong	+0.0100%	4h	4.7735	long leg	$5.8M	$3.9M	100x
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.073%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7862	+0.266%	$671K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7814	+0.166%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7810	+0.157%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7751	+0.034%	$448K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7854	+0.250%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7701	−0.071%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7845	+0.230%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7806	+0.149%	$199K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7722	−0.028%	$5.3M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7804	+0.145%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0120%	1h	4.7826	+0.191%	$214.2M	$40.1M	5x	as long as short
Lighter RH LIT	+0.0208%	1h	4.7828	+0.195%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0220%	4h	4.7830	+0.198%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7718	−0.036%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0354%	1h	4.7721	−0.029%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7818	+0.175%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7750	+0.031%	$32K	$683K	33x	as long as short