Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.040%

Price spread now: Bybit against Polymarket Perps−0.151%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.561%−$56 · spread now −0.151%, 7d avg −0.038%

Together, before fees−0.464%−$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.113% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.7632	0.0098	pay 0.0012% / 1h	20m 06s	$450K	$104K	10x
Short	Bybit LITUSDT	4.7560	0.0100	get 0.0050% / 4h	3h 20m	$42.8M	$29.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0.35
Price spread: −0.151% → −0.038%: −$11.31
Slippage, 4 orders: −$37.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.88
Costs to cover: 0.569%
Break-even: 1353.9 days

Slippage from Polymarket Perps: live order book, 52 min ago; Bybit: live order book, 4 min ago.

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 Polymarket Perps live order book, 52 min ago	2.75 bp	6.9 bp −$7	22.1 bp −$221	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.05 bp	20.0 bp −$20	59.9 bp −$599	429.1 bp −$42.9K	doesn't fit

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	−0.0762%	1h	4.7577	−0.115%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0497%	4h	4.7523	−0.229%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7603	−0.061%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7573	−0.123%	$85K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0222%	1h	4.7460	−0.361%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7574	−0.122%	$25.9M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0134%	4h	4.7568	−0.134%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7644	+0.026%	$674K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7470	−0.339%	$908K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7514	−0.248%	$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 LIT	0.0000%	43m	4.7674	+0.087%	$32K	$855K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7642	+0.022%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7620	−0.025%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.857%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0040%	1h	4.7604	−0.058%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0044%	8h	4.7585	−0.099%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.7547	−0.178%	$119K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7644	+0.025%	$59.6M	$29.9M	5x	as long as short
Polymarket Perps LIT-USDlong	+0.0098%	1h	4.7632	long leg	$450K	$104K	10x
Aster LITUSDT	+0.0100%	4h	4.7663	+0.065%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7635	+0.005%	$593K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7570	−0.130%	$75.9M	$80.3M	75x	as long as short
Bybit LITUSDTshort	+0.0100%	4h	4.7560	−0.151%	$42.8M	$29.8M	75x
Arcus LIT-USD	+0.0100%	1h	4.7628	−0.008%	$118K	$450K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7580	−0.109%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7562	−0.147%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	−0.046%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7609	−0.048%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7466	−0.348%	$289K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7617	−0.032%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7625	−0.015%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7579	−0.111%	$986	$454K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7599	−0.069%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7580	−0.109%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7558	−0.156%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7573	−0.123%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7658	+0.054%	$794K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7667	+0.073%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0332%	1h	4.7671	+0.082%	$214.0M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7505	−0.267%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0387%	1h	4.7608	−0.049%	$9K	$202K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0398% / S −0.0187%	1h	4.7615	−0.035%	$64K	—	50x	as long as short