Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0267%/8h= −29.2% APRpaid last 24h −0.026%

Price spread now: KuCoin against RISEx−0.169%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.173%−$17 on $10k

Price spread, last 7 days+0.174%+$17 · spread now −0.169%, 7d avg 0.000%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.169% cheaper against RISEx than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.7747	0.0119	pay 0.0015% / 1h	31m 33s	$796K	$2.0M	5x
Short	KuCoin LITUSDTM	4.7666	−0.0148	pay 0.0074% / 4h	3h 31m	$5.3M	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now −0.169%Rate

Funding earned: −$56.08
Price spread: −0.169% → 0.000%: −$16.88
Slippage, 4 orders: −$38.59
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$129.55
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; KuCoin: live order book, 1 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 RISEx live order book, 2 min ago	1.89 bp	4.9 bp −$5	20.6 bp −$206	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	7.15 bp	16.8 bp −$17	145.0 bp −$1,450	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
Deribit LIT_USDC-PERPETUAL	−0.0887%	1h	4.7615	−0.275%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0519%	4h	4.7558	−0.395%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7721	−0.053%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0379%	1h	4.7589	−0.330%	$85K	$75K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0219%	4h	4.7691	−0.116%	$25.9M	$64.2M	50x	as long as short
ApeX Omni LITUSDT	−0.0212%	1h	4.7590	−0.328%	$57K	$77K	50x	as long as short
KuCoin LITUSDTMshort	−0.0148%	4h	4.7666	−0.169%	$5.3M	$1.1M	30x
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7831	+0.177%	$676K	$406K	50x	as long as short
Phemex LITUSDT	−0.0054%	4h	4.7580	−0.349%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0052%	4h	4.7744	−0.006%	$917K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.7755	+0.018%	$207K	$361K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7618	−0.269%	$31K	$856K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7653	−0.196%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0004%	1h	4.7742	−0.009%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0031%	1h	4.7570	−0.370%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.615%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0037%	8h	4.7682	−0.135%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7602	−0.303%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7774	+0.058%	$59.8M	$29.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7725	−0.045%	$12.8M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7712	−0.072%	$592K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7685	−0.129%	$76.1M	$81.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7690	−0.118%	$43.0M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7713	−0.070%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7740	−0.014%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7720	−0.056%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7679	−0.141%	$5.7M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	−0.056%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7636	−0.231%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7770	+0.048%	$291K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7656	−0.189%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7561	−0.389%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7617	−0.271%	$997	$461K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7698	−0.102%	$190K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7683	−0.134%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7635	−0.233%	$149K	—	3x	as long as short
RISEx LIT/USDClong	+0.0119%	1h	4.7747	long leg	$796K	$2.0M	5x
Lighter RH LIT	+0.0136%	1h	4.7787	+0.085%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0282%	1h	4.7801	+0.114%	$214.5M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7617	−0.271%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0357%	1h	4.7693	−0.111%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0395% / S −0.0184%	1h	4.7642	−0.218%	$64K	—	50x	as long as short