Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.034%

Price spread now: SunX against Perpl+0.060%7-day average −0.071% · you sell dearer than you buy

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

Long on Perpl Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.060%, 7d avg −0.071%

Together, before fees+0.023%+ Points / potential airdropPerpl: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.131% dearer against Perpl than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.071%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 37 days. Mind the row above: over the last 7 days funding on this pair paid +0.151%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7208	0.0112	pay 0.0010% / 43m	30m 58s	$31K	$844K	33x
Short	SunX LIT-USDT	4.7236	0.0100	get 0.0050% / 4h	2h 43m	$4K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$2.44
Price spread: +0.060% → −0.071%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.18
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago	500.11 bp	doesn't fit	doesn't fit	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	−0.0919%	1h	4.7233	+0.053%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7132	−0.161%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0639%	1h	4.7284	+0.161%	$664K	$1.5M	5x	as long as short
Gate LIT_USDT	−0.0638%	4h	4.7330	+0.259%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0580%	4h	4.7141	−0.142%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0401%	4h	4.7230	+0.047%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0328%	4h	4.7266	+0.123%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0305%	4h	4.7304	+0.204%	$25.0M	$60.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0294%	4h	4.7109	−0.210%	$893K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0281%	1h	4.7212	+0.009%	$85K	$81K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0267%	4h	4.7320	+0.238%	$42.8M	$30.5M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	+0.298%	$653K	$399K	50x	as long as short
Nado LIT-PERP	−0.0110%	1h	4.7205	−0.006%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0056%	1h	4.7309	+0.215%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	+0.003%	$244K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0047%	1h	4.7225	+0.036%	$979	$484K	5x	as long as short
Paradex LIT-USD-PERP	−0.0026%	8h	4.7178	−0.064%	$5K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7220	+0.027%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7265	+0.121%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7215	+0.016%	$812K	$2.0M	5x	as long as short
Binance LITUSDT	+0.0030%	4h	4.7303	+0.201%	$74.8M	$80.9M	75x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7298	+0.191%	$5.8M	$4.2M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.763%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0041%	4h	4.7233	+0.053%	$287K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7192	−0.034%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.401%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0079%	1h	4.7241	+0.070%	$446K	$105K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7296	+0.187%	$59.3M	$29.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7271	+0.134%	$210.1M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7336	+0.271%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7217	+0.019%	$592K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7190	−0.038%	$117K	$445K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7350	+0.301%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7120	−0.186%	$55K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7253	+0.096%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7236	+0.060%	$4K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7233	+0.053%	$188K	$327K	30x	as long as short
Perpl LITlong	+0.0112%	43m	4.7208	long leg	$31K	$844K	33x
BloFin LIT-USDT	+0.0131%	4h	4.7166	−0.089%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0185%	1h	4.7341	+0.283%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7325	+0.248%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0387% / S −0.0190%	1h	4.7258	+0.106%	$59K	—	50x	as long as short