Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:57 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.093%

Price spread now: KuCoin against Perpl−0.022%7-day average +0.009% · you buy dearer than you sell

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

Long on Perpl Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.022%, 7d avg +0.009%

Together, before fees−0.113%+ Points / potential airdropPerpl: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.031% cheaper against Perpl than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7716	0.0112	pay 0.0010% / 43m	42m 00s	$32K	$677K	33x
Short	KuCoin LITUSDTM	4.7706	0.0076	get 0.0038% / 4h	1h 36m	$5.4M	$988K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$7.48
Price spread: −0.022% → +0.009%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.35
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; KuCoin: 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 KuCoin live order book, 2 min ago	6.38 bp	27.9 bp −$28	152.1 bp −$1,521	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	−0.0587%	1h	4.7648	−0.142%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	+0.094%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0385%	4h	4.7604	−0.235%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.7643	−0.154%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0253%	1h	4.7633	−0.175%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0170%	4h	4.7651	−0.137%	$25.6M	$60.9M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0089%	1h	4.7665	−0.108%	$672K	$1.1M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0086%	4h	4.7647	−0.145%	$880K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0035%	1h	4.7650	−0.139%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7712	−0.009%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7688	−0.058%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7781	+0.136%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.678%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0065%	4h	4.7640	−0.160%	$41.3M	$28.5M	75x	as long as short
Phemex LITUSDT	+0.0067%	4h	4.7640	−0.160%	$1.3M	$2.8M	20x	as long as short
KuCoin LITUSDTMshort	+0.0076%	4h	4.7706	−0.022%	$5.4M	$988K	30x
Extended LIT-USD	+0.0088%	1h	4.7628	−0.184%	$5.1M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7648	−0.144%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7733	+0.035%	$59.4M	$27.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7650	−0.139%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7719	+0.006%	$766K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7624	−0.193%	$76.2M	$76.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7686	−0.064%	$124K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7600	−0.244%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7690	−0.055%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7641	−0.158%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7660	−0.118%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7705	−0.023%	$292K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7663	−0.112%	$448K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7808	+0.193%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7665	−0.108%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7660	−0.118%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7831	+0.240%	$199K	$321K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7674	−0.089%	$149K	—	3x	as long as short
Perpl LITlong	+0.0112%	43m	4.7716	long leg	$32K	$677K	33x
RISEx LIT/USDC	+0.0148%	1h	4.7668	−0.102%	$795K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0199%	1h	4.7731	+0.032%	$9K	$209K	10x	as long as short
Aster LITUSDT	+0.0218%	4h	4.7724	+0.015%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0287%	1h	4.7743	+0.057%	$215.4M	$39.6M	5x	as long as short
Lighter RH LIT	+0.0312%	1h	4.7745	+0.060%	$3.7M	$13.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7696	−0.043%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7671	−0.096%	$64K	—	50x	as long as short