Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.062%

Price spread now: RISEx against Perpl−0.055%7-day average +0.011% · you buy dearer than you sell

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

Long on Perpl Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 7 days+0.077%+$8 · spread now −0.055%, 7d avg +0.011%

Together, before fees+0.038%+ Points / potential airdropPerpl: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and RISEx is 0.067% cheaper against Perpl than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7014	0.0112	pay 0.0010% / 43m	10m 26s	$31K	$759K	33x
Short	RISEx LIT/USDC	4.6988	−0.0008	pay 0.0001% / 1h	56m 26s	$784K	$2.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$25.08
Price spread: −0.055% → +0.011%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$51.53
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago	1.59 bp	4.6 bp −$5	15.3 bp −$153	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
Nado LIT-PERP	−0.0853%	1h	4.6955	−0.125%	$2.2M	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0738%	4h	4.6970	−0.093%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0704%	4h	4.6954	−0.127%	$41.1M	$28.9M	75x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.6945	−0.147%	$32K	$1K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0378%	1h	4.6984	−0.064%	$660K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0360%	1h	4.6922	−0.195%	$33K	$3K	5x	as long as short
Gate LIT_USDT	−0.0344%	4h	4.6990	−0.051%	$2.7M	$4.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0344%	4h	4.7047	+0.071%	$905K	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.234%	$613K	$352K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0248%	1h	4.6963	−0.109%	$41K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet LIT-USD	−0.0204%	1h	4.6961	−0.113%	$84K	$68K	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7099	+0.181%	$203K	$297K	5x	as long as short
RISEx LIT/USDCshort	−0.0008%	1h	4.6988	−0.055%	$784K	$2.1M	5x
OKX LIT-USDT-SWAP	−0.0006%	4h	4.6958	−0.119%	$25.3M	$61.1M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7041	+0.057%	$34K	—	5x	as long as short
KuCoin LITUSDTM	+0.0002%	4h	4.6970	−0.093%	$5.2M	$1.0M	30x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7009	−0.011%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.183%	$422	$178K	5.5x	as long as short
Aftermath Perps LITUSD	+0.0039%	1h	4.7073	+0.126%	$10K	$204K	10x	as long as short
Extended LIT-USD	+0.0040%	1h	4.6932	−0.174%	$5.2M	$5.0M	25x	as long as short
ApeX Omni LITUSDT	+0.0068%	1h	4.7050	+0.077%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.6923	−0.193%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7018	+0.009%	$58.6M	$27.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7038	+0.051%	$210.0M	$42.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6989	−0.053%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6944	−0.149%	$75.2M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6986	−0.059%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	+0.094%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6943	−0.151%	$5.6M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	−0.008%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7088	+0.157%	$288K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6966	−0.102%	$439K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7010	−0.009%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7019	+0.011%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6959	−0.117%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7103	+0.190%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6968	−0.097%	$147K	—	3x	as long as short
Perpl LITlong	+0.0112%	43m	4.7014	long leg	$31K	$759K	33x
Aster LITUSDT	+0.0235%	4h	4.7029	+0.032%	$12.6M	$1.9M	50x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7045	+0.066%	$3.8M	$13.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6946	−0.144%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7009	−0.010%	$65K	—	50x	as long as short