Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.015%

Price spread now: MEXC against RISEx−0.174%102s7-day average −0.038% · 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—prices read too far apart to compare

costs, in and out, $10k−$160.158% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.116%−$12 on $10k

Price spread, last 7 days+0.155%+$15 · spread now −0.174%, 7d avg −0.038%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.136% cheaper against RISEx than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.8227	0.0118	pay 0.0015% / 1h	46m 58s	$803K	$2.3M	5x
Short	MEXC LIT_USDT	4.8143	0.0100	get 0.0050% / 4h	3h 46m	$6.3M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.174%Rate

Funding earned: −$3.88
Price spread: −0.174% → −0.038%: −$13.65
Slippage, 4 orders: −$5.78
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$33.3
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; MEXC: 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	1.25 bp	4.4 bp −$4	21.0 bp −$210	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.10 bp	3.8 bp −$4	51.0 bp −$510	237.0 bp −$23.7K	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	−0.0592%	1h	4.8164	−0.130%	$42K	$39K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0369%	4h	4.8146	−0.168%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.8159	−0.141%	$31K	$3K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.8240	+0.027%	$611K	$351K	50x	as long as short
Bullet LIT-USD	−0.0294%	1h	4.8187	−0.083%	$86K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0170%	4h	4.8272	+0.094%	$899K	$2.0M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.8161	−0.137%	$26.0M	$59.6M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8242	+0.031%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8230	+0.006%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8200	−0.056%	$207K	$288K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.388%	$422	$178K	5.5x	as long as short
Lighter LIT	+0.0096%	1h	4.8219	−0.017%	$60.0M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8241	+0.029%	$3.7M	$12.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.8193	−0.070%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8250	+0.048%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8243	+0.033%	$218.0M	$38.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8240	+0.027%	$686K	$1.9M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8134	−0.192%	$77.3M	$73.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8169	−0.120%	$41.9M	$27.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8237	+0.021%	$128K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8200	−0.056%	$122K	$2K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8210	−0.035%	$2.8M	$4.0M	50x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.8143	−0.174%	$6.3M	$3.9M	100x
KuCoin LITUSDTM	+0.0100%	4h	4.8222	−0.010%	$5.5M	$924K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8250	+0.048%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8190	−0.077%	$687K	$988K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8317	+0.187%	$296K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8250	+0.048%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8250	+0.048%	$450K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8317	+0.186%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8151	−0.158%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8176	−0.106%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8223	−0.008%	$194K	$313K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8170	−0.118%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8147	−0.165%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8200	−0.057%	$151K	—	3x	as long as short
RISEx LIT/USDClong	+0.0118%	1h	4.8227	long leg	$803K	$2.3M	5x
Aster LITUSDT	+0.0316%	4h	4.8271	+0.090%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8235	+0.016%	$32K	$634K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8142	−0.176%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0427% / S −0.0217%	1h	4.8186	−0.086%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0469%	1h	4.8228	+0.003%	$9K	$202K	10x	as long as short