Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.038%

Price spread now: Arcus against Perpl−0.073%7-day average −0.010% · you buy dearer than you sell

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

Long on Perpl Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+1.120%+$112 · spread now −0.073%, 7d avg −0.010%

Together, before fees+1.016%+ Points / potential airdropPerpl: Active · farm board+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.063% cheaper against Perpl than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.010%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7337	0	get 0.0000% / 43m	5m 21s	$31K	$853K	33x
Short	Arcus LIT-USD	4.7303	0.0100	get 0.0013% / 1h	9m 21s	$117K	$459K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Perpl. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpFee ArcusbpOrdersPrice spread, now −0.073%Rate

Funding earned: $21
Price spread: −0.073% → −0.010%: −$6.26
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.56
Costs to cover: 0.183%
Break-even: 8.2 days

Slippage unknown: Perpl: no order-book sample; Arcus: live order book, 4 min ago. 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 Perpl no order-book sample	—	—	—	—	—
Sell Arcus live order book, 4 min ago	5.61 bp	8.2 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

Perpl: 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
Gate LIT_USDT	−0.0818%	4h	4.7390	+0.111%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0782%	1h	4.7322	−0.032%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7227	−0.233%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0541%	4h	4.7305	−0.069%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0353%	1h	4.7342	+0.009%	$85K	$78K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0341%	4h	4.7370	+0.069%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0304%	4h	4.7310	−0.058%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0168%	4h	4.7343	+0.012%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.572%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0070%	4h	4.7238	−0.210%	$905K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7375	+0.079%	$205K	$353K	5x	as long as short
Perpl LITlong	0.0000%	43m	4.7337	long leg	$31K	$853K	33x
dYdX LIT-USD	0.0000%	1h	4.7333	−0.009%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7386	+0.103%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7341	+0.008%	$819K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7279	−0.123%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.484%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0047%	4h	4.7350	+0.026%	$42.6M	$30.2M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7378	+0.086%	$59.2M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7305	−0.069%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7399	+0.130%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7338	+0.001%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7337	−0.001%	$75.5M	$82.1M	75x	as long as short
Arcus LIT-USDshort	+0.0100%	1h	4.7303	−0.073%	$117K	$459K	5x
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.099%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7305	−0.069%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.069%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7359	+0.045%	$682K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.197%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.206%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7334	−0.007%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7395	+0.120%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7297	−0.086%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	−0.005%	$994	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7390	+0.111%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7296	−0.088%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7347	+0.020%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0190%	1h	4.7325	−0.027%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7415	+0.164%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0205%	1h	4.7407	+0.147%	$212.6M	$45.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7232	−0.223%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7381	+0.093%	$62K	—	50x	as long as short