Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Backpack against SunX+0.289%7-day average +0.074% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.289%, 7d avg +0.074%

Together, before fees−0.282%−$28 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: Backpack is 0.215% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7042	0.0100	pay 0.0050% / 4h	1h 18m	$5K	$1.2M	20x
Short	Backpack LIT_USDC_PERP	4.7178	0.0100	get 0.0013% / 1h	18m 43s	$694K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now +0.289%Rate

Funding earned: $0
Price spread: +0.289% → +0.074%: $21.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $3.46
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; Backpack: live order book, just now. Net counts fees only.

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 SunX live order book, 5 min ago	500.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, just now	0.74 bp	5.9 bp −$6	15.6 bp −$156	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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7010	−0.068%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0304%	1h	4.7069	+0.056%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7063	+0.045%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0238%	1h	4.7065	+0.049%	$85K	$68K	20x	as long as short
Gate LIT_USDT	−0.0098%	4h	4.7150	+0.230%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	+0.089%	$202K	$341K	5x	as long as short
Phemex LITUSDT	−0.0031%	4h	4.7100	+0.123%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.515%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7096	+0.115%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7181	+0.295%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−0.026%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.122%	$422	$178K	5.5x	as long as short
OKX LIT-USDT-SWAP	+0.0034%	4h	4.7169	+0.270%	$25.4M	$61.8M	50x	as long as short
KuCoin LITUSDTM	+0.0034%	4h	4.7170	+0.272%	$5.3M	$1.0M	30x	as long as short
GRVT LIT_USDT_Perp	+0.0054%	4h	4.6940	−0.217%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.7123	+0.172%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7182	+0.298%	$58.8M	$28.8M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7181	+0.295%	$797K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7075	+0.071%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7190	+0.315%	$210.8M	$40.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7164	+0.259%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7130	+0.187%	$75.0M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7131	+0.189%	$41.8M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	+0.234%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−0.378%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7134	+0.196%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7170	+0.272%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7178	+0.289%	$694K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7010	−0.068%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7079	+0.079%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7097	+0.117%	$2K	—	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7042	long leg	$5K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7087	+0.096%	$2K	$403K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7080	+0.081%	$195K	$379K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7203	+0.342%	$3.7M	$13.3M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7133	+0.193%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7052	+0.022%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0172%	1h	4.6992	−0.105%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0203%	4h	4.7200	+0.336%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7044	+0.004%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0211%	1h	4.7092	+0.107%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7084	+0.089%	$31K	$814K	33x	as long as short