Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.071%

Price spread now: Coinbase International against Perpl+1.873%7-day average +0.048% · you sell dearer than you buy

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

Long on Perpl Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.854%−$85 on $10k

Price spread, last 3 days (all we have)−0.783%−$78 · spread now +1.873%, 7d avg +0.048%

Together, before fees−1.637%+ Points / potential airdropPerpl: Active · farm board−$164 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 1.825% dearer against Perpl than usual: you sell high and buy low (spread +1.873% now, against its 7-day average of +0.048%): +$182 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7562	0.0112	pay 0.0010% / 43m	0m 44s	$31K	$843K	33x
Short	Coinbase International LIT-PERP-INTX	4.8452	−0.0152	pay 0.0019% / 1h	56m 44s	$668K	$408K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +1.873%Rate

Funding earned: −$55.36
Price spread: +1.873% → +0.048%: $182.47
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $103.31
Costs to cover: 0.238%
Break-even: from the start

Slippage unknown: Perpl: no order-book sample; Coinbase International: live order book, 31 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 Coinbase International live order book, 31 min ago	7.23 bp	18.2 bp −$18	44.3 bp −$443	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	−0.0827%	1h	4.7501	−0.127%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0752%	1h	4.7457	−0.220%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7435	−0.266%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0505%	4h	4.7470	−0.193%	$1.3M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	−0.0483%	1h	4.7528	−0.071%	$667K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.7506	−0.117%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0324%	4h	4.7506	−0.117%	$5.3M	$1.1M	30x	as long as short
SoDEX LIT-USD	−0.0323%	1h	4.7490	−0.151%	$986	$474K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0289%	4h	4.7537	−0.052%	$25.2M	$60.8M	50x	as long as short
Gate LIT_USDT	−0.0268%	4h	4.7530	−0.066%	$2.8M	$4.5M	50x	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	−0.0262%	4h	4.7620	+0.123%	$902K	$1.9M	10x	as long as short
Bybit LITUSDT	−0.0241%	4h	4.7550	−0.024%	$43.0M	$30.1M	75x	as long as short
ApeX Omni LITUSDT	−0.0230%	1h	4.7610	+0.102%	$56K	$78K	50x	as long as short
Nado LIT-PERP	−0.0209%	1h	4.7510	−0.108%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.8452	+1.873%	$668K	$408K	50x
Polymarket Perps LIT-USD	−0.0128%	1h	4.7536	−0.054%	$449K	$104K	10x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.243%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7525	−0.077%	$5.3M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7502	−0.125%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7560	−0.003%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7539	−0.048%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7573	+0.024%	$817K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.006%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7525	−0.077%	$75.1M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0058%	4h	4.7515	−0.098%	$6.0M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0066%	4h	4.7648	+0.182%	$290K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7488	−0.155%	$149K	$44K	3x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.138%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7567	+0.011%	$211.3M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7572	+0.022%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7578	+0.034%	$597K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7551	−0.022%	$118K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7550	−0.024%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	−0.031%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7510	−0.108%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7680	+0.249%	$190K	$331K	30x	as long as short
Perpl LITlong	+0.0112%	43m	4.7562	long leg	$31K	$843K	33x
Aftermath Perps LITUSD	+0.0151%	1h	4.7757	+0.411%	$11K	$198K	10x	as long as short
Lighter LIT	+0.0152%	1h	4.7585	+0.049%	$59.7M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7596	+0.072%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0224%	4h	4.7493	−0.144%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0389% / S −0.0190%	1h	4.7536	−0.054%	$60K	—	50x	as long as short