Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.020%

Price spread now: KuCoin against Polymarket Perps−0.011%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)−1.105%−$111 · spread now −0.011%, 7d avg −0.014%

Together, before fees−0.974%−$97 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.131%, 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	Polymarket Perps LIT-USD	4.7042	0.0100	pay 0.0013% / 1h	55m 12s	$440K	$109K	10x
Short	KuCoin LITUSDTM	4.7037	−0.0002	pay 0.0001% / 4h	3h 55m	$5.2M	$1.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$21.42
Price spread: −0.011% → −0.014%: $0.33
Slippage, 4 orders: −$54.94
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$96.03
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 62 min ago; KuCoin: live order book, 3 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, 62 min ago	4.06 bp	8.1 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.32 bp	21.9 bp −$22	144.5 bp −$1,445	doesn't fit	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
ApeX Omni LITUSDT	−0.0659%	1h	4.7030	−0.026%	$56K	$76K	50x	as long as short
Nado LIT-PERP	−0.0658%	1h	4.7004	−0.082%	$2.2M	$1.7M	10x	as long as short
Bybit LITUSDT	−0.0520%	4h	4.7100	+0.123%	$41.3M	$28.9M	75x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.7017	−0.053%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0368%	1h	4.6966	−0.162%	$33K	$3K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0332%	1h	4.7136	+0.200%	$662K	$1.4M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.294%	$613K	$352K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0262%	1h	4.7091	+0.103%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0246%	4h	4.7080	+0.081%	$1.4M	$2.8M	20x	as long as short
Bullet LIT-USD	−0.0225%	1h	4.7047	+0.010%	$84K	$68K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0126%	4h	4.6975	−0.142%	$904K	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7003	−0.083%	$202K	$299K	5x	as long as short
Gate LIT_USDT	−0.0020%	4h	4.7020	−0.047%	$2.7M	$4.2M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0010%	4h	4.7112	+0.149%	$25.3M	$61.3M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.6999	−0.091%	$792K	$2.2M	5x	as long as short
KuCoin LITUSDTMshort	−0.0002%	4h	4.7037	−0.011%	$5.2M	$1.0M	30x
dYdX LIT-USD	0.0000%	1h	4.7002	−0.085%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7090	+0.101%	$11K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0032%	1h	4.7059	+0.037%	$10K	$204K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.122%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0040%	1h	4.7072	+0.064%	$5.2M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.6934	−0.229%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7170	+0.272%	$58.8M	$27.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7193	+0.321%	$210.7M	$42.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6996	−0.098%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7101	+0.125%	$75.5M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7019	−0.049%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	+0.034%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7093	+0.108%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	+0.145%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	−0.100%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7042	long leg	$440K	$109K	10x
Derive LIT-PERP	+0.0100%	1h	4.7111	+0.147%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6991	−0.108%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7100	+0.123%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6909	−0.283%	$198K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7052	+0.022%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7038	−0.008%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0232%	4h	4.7077	+0.074%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7102	+0.128%	$1.6M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0376%	1h	4.7196	+0.327%	$3.8M	$13.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7102	+0.128%	$65K	—	50x	as long as short