Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.034%

Price spread now: Binance against Perpl−0.187%7-day average −0.021% · you buy dearer than you sell

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

Long on Perpl Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.221%+$22 · spread now −0.187%, 7d avg −0.021%

Together, before fees+0.262%+ Points / potential airdropPerpl: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.166% cheaper against Perpl than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7665	0.0112	pay 0.0010% / 43m	2m 27s	$32K	$839K	33x
Short	Binance LITUSDT	4.7576	0.0045	get 0.0023% / 4h	2h 15m	$75.3M	$81.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Perpl. 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 PerplbpFee BinancebpOrdersPrice spread, now −0.187%Rate

Funding earned: −$13.89
Price spread: −0.187% → −0.021%: −$16.65
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.34
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago	0.21 bp	12.4 bp −$12	35.4 bp −$354	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
Deribit LIT_USDC-PERPETUAL	−0.1143%	1h	4.7587	−0.165%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7564	−0.213%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7620	−0.095%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0563%	4h	4.7580	−0.179%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7551	−0.240%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	−0.150%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0329%	4h	4.7595	−0.148%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0284%	4h	4.7599	−0.139%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7654	−0.024%	$5.3M	$1.1M	30x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.7643	−0.047%	$669K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.175%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.117%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	−0.116%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	−0.011%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7563	−0.214%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0016%	1h	4.7585	−0.169%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7647	−0.039%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	−0.013%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7639	−0.055%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	−0.112%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7585	−0.169%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.786%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7574	−0.192%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDTshort	+0.0045%	4h	4.7576	−0.187%	$75.3M	$81.4M	75x
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.140%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7602	−0.132%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7679	+0.029%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7699	+0.070%	$212.4M	$45.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7676	+0.023%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7640	−0.053%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7609	−0.118%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7630	−0.074%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	−0.032%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7641	−0.052%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7609	−0.118%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7684	+0.039%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.444%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7579	−0.181%	$5.3M	$5.2M	25x	as long as short
Perpl LITlong	+0.0112%	43m	4.7665	long leg	$32K	$839K	33x
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.190%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	−0.030%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7715	+0.104%	$3.8M	$14.2M	5x	as long as short