Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0165%/8h= +18.0% APRpaid last 24h +0.063%

Price spread now: Backpack against OKX+0.056%7-day average +0.243% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 7 days−1.957%−$196 · spread now +0.056%, 7d avg +0.243%

Together, before fees−1.668%−$167 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.187% cheaper against OKX than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.243%). If the spread goes back, that is −$19 on $10k: about 3.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7881	−0.0132	get 0.0066% / 4h	1h 08m	$25.7M	$60.7M	50x
Short	Backpack LIT_USDC_PERP	4.7908	0.0033	get 0.0004% / 1h	8m 13s	$676K	$942K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.056%Rate

Funding earned: $34.59
Price spread: +0.056% → +0.243%: −$18.65
Slippage, 4 orders: −$10.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14.76
Costs to cover: 0.307%
Break-even: 10.0 days

Slippage from OKX: live order book, 6 min ago; Backpack: live order book, 6 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 OKX live order book, 6 min ago	0.10 bp	11.4 bp −$11	31.3 bp −$313	doesn't fit	doesn't fit
Sell Backpack live order book, 6 min ago	0.10 bp	5.8 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit

LIT on 41 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-INTX	−0.0440%	1h	4.7780	−0.212%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7845	−0.075%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7877	−0.008%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0190%	1h	4.7899	+0.038%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAPlong	−0.0132%	4h	4.7881	long leg	$25.7M	$60.7M	50x
Deribit LIT_USDC-PERPETUAL	−0.0096%	1h	4.7918	+0.077%	$42K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0066%	4h	4.7881	0.000%	$887K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7901	+0.043%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7917	+0.075%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERPshort	+0.0033%	1h	4.7908	+0.056%	$676K	$942K	5x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7934	+0.111%	$206K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.332%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0072%	4h	4.7887	+0.013%	$41.5M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7849	−0.067%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7959	+0.163%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7877	−0.007%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7902	+0.045%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7888	+0.015%	$76.7M	$75.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7895	+0.029%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7920	+0.081%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7892	+0.023%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7904	+0.048%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7920	+0.081%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7930	+0.102%	$293K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7860	−0.044%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7894	+0.027%	$450K	$83K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7869	−0.025%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7912	+0.065%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7952	+0.148%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7880	−0.002%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.029%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7885	+0.009%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7896	+0.032%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7897	+0.034%	$811K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0199%	4h	4.7923	+0.087%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0268%	1h	4.7992	+0.232%	$216.5M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7875	−0.013%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7985	+0.217%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0388%	1h	4.7958	+0.162%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7925	+0.092%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7953	+0.150%	$32K	$667K	33x	as long as short