Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:57 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.137%

Price spread now: OKX against Perpl−0.005%7-day average −0.005% · you buy dearer than you sell

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

Long on Perpl Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.198%−$20 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.005%, 7d avg −0.005%

Together, before fees−0.185%+ Points / potential airdropPerpl: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7796	0.0112	pay 0.0010% / 43m	2m 08s	$32K	$677K	33x
Short	OKX LIT-USDT-SWAP	4.7793	−0.0168	pay 0.0084% / 4h	1h 39m	$25.6M	$61.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$58.8
Price spread: −0.005% → −0.005%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.66
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.10 bp	12.8 bp −$13	28.1 bp −$281	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	−0.072%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0386%	4h	4.7727	−0.143%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7729	−0.139%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0243%	1h	4.7772	−0.049%	$86K	$66K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0218%	1h	4.7793	−0.006%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAPshort	−0.0168%	4h	4.7793	−0.005%	$25.6M	$61.2M	50x
Backpack LIT_USDC_PERP	−0.0105%	1h	4.7805	+0.020%	$674K	$1.1M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0086%	4h	4.7647	−0.310%	$880K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0035%	1h	4.7650	−0.304%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7711	−0.176%	$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	4.7810	+0.031%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7695	−0.210%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.512%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0060%	4h	4.7779	−0.035%	$41.4M	$28.6M	75x	as long as short
KuCoin LITUSDTM	+0.0072%	4h	4.7766	−0.062%	$5.4M	$988K	30x	as long as short
Phemex LITUSDT	+0.0084%	4h	4.7780	−0.032%	$1.3M	$2.8M	20x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7686	−0.228%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7858	+0.131%	$59.5M	$27.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7749	−0.097%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7727	−0.143%	$766K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7775	−0.043%	$76.5M	$76.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7753	−0.089%	$124K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7600	−0.409%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7790	−0.012%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7776	−0.041%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7790	−0.012%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7639	−0.327%	$291K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7750	−0.095%	$448K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7808	+0.026%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7706	−0.187%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7795	−0.001%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7752	−0.091%	$199K	$322K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7763	−0.067%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7768	−0.058%	$149K	—	3x	as long as short
Perpl LITlong	+0.0112%	43m	4.7796	long leg	$32K	$677K	33x
RISEx LIT/USDC	+0.0148%	1h	4.7745	−0.106%	$798K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0189%	1h	4.7720	−0.158%	$9K	$209K	10x	as long as short
Aster LITUSDT	+0.0216%	4h	4.7850	+0.113%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0303%	1h	4.7855	+0.124%	$215.9M	$39.6M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7753	−0.089%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0376%	1h	4.7869	+0.154%	$3.7M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7796	+0.001%	$64K	—	50x	as long as short