Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC−0.0142%/8h= −15.6% APRpaid last 24h −0.042%

Price spread now: Aster against Perpl+0.353%7-day average +0.067% · you sell dearer than you buy

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

Long on Perpl Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.084%−$8 on $10k

Price spread, last 7 days−0.192%−$19 · spread now +0.353%, 7d avg +0.067%

Together, before fees−0.277%+ Points / potential airdropPerpl: Active · Aster: Stage 5 · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.286% dearer against Perpl than usual: you sell high and buy low (spread +0.353% now, against its 7-day average of +0.067%): +$29 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 5 days (−0.084% in total) that is about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.6775	0.0335	pay 0.0030% / 43m	2m 42s	$31K	$788K	33x
Short	Aster LITUSDT	4.6940	0.0193	get 0.0096% / 4h	31m 42s	$12.6M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.353%Rate

Funding earned: −$29.88
Price spread: +0.353% → +0.067%: $28.62
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.05
Costs to cover: 0.218%
Break-even: from the start

Slippage unknown: Perpl: no order-book sample; Aster: live order book, 2 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 Aster live order book, 2 min ago	2.35 bp	9.4 bp −$9	24.9 bp −$249	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
01 Exchange LITUSD	−0.0496%	1h	4.6753	−0.047%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6712	−0.134%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0333%	1h	4.6763	−0.025%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0284%	1h	4.6761	−0.029%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0224%	4h	4.6880	+0.225%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.155%	$612K	$398K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0140%	1h	4.6833	+0.124%	$661K	$1.4M	5x	as long as short
Extended LIT-USD	−0.0104%	1h	4.6833	+0.123%	$5.1M	$5.0M	25x	as long as short
Phemex LITUSDT	−0.0090%	4h	4.6760	−0.032%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0058%	4h	4.6882	+0.229%	$41.3M	$28.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6644	−0.280%	$201K	$305K	5x	as long as short
KuCoin LITUSDTM	−0.0002%	4h	4.6888	+0.242%	$5.2M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6892	+0.249%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	0.0000%	4h	4.6887	+0.240%	$25.2M	$61.4M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6788	+0.029%	$11K	—	150x	as long as short
Nado LIT-PERP	+0.0008%	1h	4.6742	−0.071%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.705%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0048%	1h	4.6580	−0.417%	$56K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0061%	1h	4.6764	−0.023%	$437K	$110K	10x	as long as short
Paradex LIT-USD-PERP	+0.0068%	8h	4.6725	−0.106%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6766	−0.019%	$784K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6916	+0.302%	$58.4M	$28.6M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6932	+0.336%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6932	+0.336%	$209.9M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6762	−0.028%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6870	+0.203%	$74.9M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6773	−0.004%	$114K	$456K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6882	+0.229%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6900	+0.267%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6556	−0.469%	$285K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6630	−0.310%	$906K	$1.8M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6788	+0.029%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6770	−0.010%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6785	+0.022%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6700	−0.160%	$197K	$387K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6576	−0.425%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6761	−0.030%	$146K	—	3x	as long as short
Aster LITUSDTshort	+0.0193%	4h	4.6940	+0.353%	$12.6M	$2.0M	50x
Aftermath Perps LITUSD	+0.0242%	1h	4.6666	−0.232%	$9K	$207K	10x	as long as short
Perpl LITlong	+0.0335%	43m	4.6775	long leg	$31K	$788K	33x
BloFin LIT-USDT	+0.0340%	4h	4.6670	−0.224%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6787	+0.026%	$63K	—	50x	as long as short