Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.038%

Price spread now: HTX against Perpl+0.122%7-day average +0.097% · you sell dearer than you buy

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

Long on Perpl Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.122%, 7d avg +0.097%

Together, before fees+0.055%+ Points / potential airdropPerpl: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.025% dearer against Perpl than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7715	0	get 0.0000% / 43m	34m 36s	$32K	$852K	33x
Short	HTX LIT-USDT	4.7773	0.0100	get 0.0050% / 4h	3h 12m	$191K	$346K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $21
Price spread: +0.122% → +0.097%: $2.46
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.34
Costs to cover: 0.258%
Break-even: 7.8 days

Slippage unknown: Perpl: no order-book sample; HTX: live order book, 60 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 HTX live order book, 60 min ago	18.14 bp	29.1 bp −$29	121.5 bp −$1,215	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	−0.0722%	1h	4.7692	−0.047%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7635	−0.168%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7612	−0.216%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0353%	1h	4.7669	−0.096%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7698	−0.036%	$25.9M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.052%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7684	−0.065%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.142%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0054%	4h	4.7731	+0.033%	$913K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	−0.006%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LITlong	0.0000%	43m	4.7715	long leg	$32K	$852K	33x
dYdX LIT-USD	+0.0003%	1h	4.7722	+0.015%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7750	+0.074%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.681%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0049%	8h	4.7667	−0.100%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0059%	1h	4.7665	−0.105%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7691	−0.050%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7757	+0.088%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7771	+0.118%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7721	+0.013%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7665	−0.105%	$76.2M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7680	−0.073%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7681	−0.071%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.500%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7710	−0.010%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7666	−0.103%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	+0.010%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7715	0.000%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.105%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7733	+0.039%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7675	−0.084%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7681	−0.071%	$1K	$453K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7773	+0.122%	$191K	$346K	30x
Phemex LITUSDT	+0.0100%	4h	4.7700	−0.031%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7664	−0.106%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7715	+0.001%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7697	−0.038%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7775	+0.126%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7625	−0.189%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0341%	1h	4.7781	+0.138%	$214.5M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0380%	1h	4.7655	−0.126%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0189%	1h	4.7723	+0.017%	$64K	—	50x	as long as short