Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.055%

Price spread now: Bybit against SoDEX−0.036%7-day average +0.014% · 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−$80as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now −0.036%, 7d avg +0.014%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.050% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LIT-USD	4.7335	0.0100	pay 0.0013% / 1h	5m 15s	$999	$470K	5x
Short	Bybit LITUSDT	4.7318	0.0041	get 0.0021% / 4h	5m 15s	$42.6M	$30.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$12.35
Price spread: −0.036% → +0.014%: −$5.03
Slippage, 4 orders: −$56.37
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.75
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from SoDEX: live order book, 8 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 SoDEX live order book, 8 min ago	0.11 bp	19.3 bp −$19	48.7 bp −$487	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.06 bp	19.6 bp −$20	59.3 bp −$593	483.7 bp −$48.4K	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	−0.0824%	1h	4.7326	−0.019%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0818%	4h	4.7350	+0.032%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7168	−0.353%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0540%	4h	4.7255	−0.169%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7310	−0.053%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7350	+0.032%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0301%	4h	4.7310	−0.053%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0156%	4h	4.7343	+0.017%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.577%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7370	+0.074%	$907K	$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	−0.0050%	1h	4.7386	+0.108%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7336	+0.002%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7363	+0.060%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.057%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7283	−0.109%	$803K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.489%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7245	−0.189%	$7K	$2K	5x	as long as short
Bybit LITUSDTshort	+0.0041%	4h	4.7318	−0.036%	$42.6M	$30.3M	75x
Backpack LIT_USDC_PERP	+0.0089%	1h	4.7368	+0.070%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	+0.108%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7276	−0.124%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7328	−0.015%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7300	−0.074%	$588K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7288	−0.099%	$75.4M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7268	−0.142%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.093%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7285	−0.106%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.011%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	−0.021%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7380	+0.095%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7324	−0.023%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7366	+0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7218	−0.247%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USDlong	+0.0100%	1h	4.7335	long leg	$999	$470K	5x
HTX LIT-USDT	+0.0100%	4h	4.7287	−0.101%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7306	−0.062%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7349	+0.029%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7360	+0.054%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7359	+0.051%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0199%	1h	4.7403	+0.144%	$212.6M	$45.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7295	−0.085%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7352	+0.035%	$63K	—	50x	as long as short