Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against SunX+1.582%7-day average −10.976% · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−19.586%−$1,959 · spread now +1.582%, 7d avg −10.976%

Together, before fees−19.744%−$1,974 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 12.557% dearer against SunX than usual: you sell high and buy low (spread +1.582% now, against its 7-day average of −10.976%): +$1,256 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7292	0.0100	pay 0.0050% / 4h	2h 42m	$4K	$1.1M	20x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	42m 52s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +1.582%Rate

Funding earned: −$14
Price spread: +1.582% → −10.976%: $1,255.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,233.7
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 min ago; Injective: no order-book sample. 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, 10 min ago	500.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	+0.017%	$612K	$358K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0387%	4h	4.7267	−0.053%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0313%	4h	4.7290	−0.004%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7280	−0.025%	$31K	$5K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0218%	4h	4.7321	+0.061%	$897K	$1.8M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0166%	1h	4.7333	+0.087%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0154%	1h	4.7288	−0.009%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0141%	4h	4.7338	+0.097%	$25.4M	$60.7M	50x	as long as short
Bybit LITUSDT	−0.0131%	4h	4.7330	+0.080%	$41.3M	$28.6M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7396	+0.220%	$204K	$283K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0012%	4h	4.7354	+0.131%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7328	+0.076%	$817K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7331	+0.082%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7329	+0.079%	$11K	—	150x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+1.582%	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0092%	8h	4.7292	+0.001%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7380	+0.186%	$59.1M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7310	+0.038%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7411	+0.252%	$212.0M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7357	+0.138%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7327	+0.074%	$76.0M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7359	+0.142%	$119K	$457K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7722	+0.909%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7340	+0.101%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7315	+0.049%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.101%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7341	+0.104%	$663K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7412	+0.253%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7340	+0.101%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7321	+0.061%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7350	+0.122%	$2K	—	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7292	long leg	$4K	$1.1M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7320	+0.059%	$1K	$351K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7384	+0.195%	$200K	$348K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7303	+0.024%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7311	+0.039%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7401	+0.230%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0211%	4h	4.7390	+0.208%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7290	−0.004%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0417%	1h	4.7414	+0.259%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7308	+0.034%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7356	+0.135%	$31K	$705K	33x	as long as short