Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.017%

Price spread now: Bybit against ApeX Omni−0.221%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.221% cheaper against ApeX Omni than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LITUSDT	4.7460	0.0100	pay 0.0013% / 1h	25m 36s	$56K	$77K	50x
Short	Bybit LITUSDT	4.7355	−0.0020	pay 0.0010% / 4h	25m 36s	$42.7M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.221%Rate

Funding earned: −$25.11
Price spread: −0.221% → 0.000%: −$22.12
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.24
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Bybit: live order book, 3 min ago. 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.05 bp	17.1 bp −$17	60.8 bp −$608	488.3 bp −$48.8K	doesn't fit

ApeX Omni: 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
Gate LIT_USDT	−0.0852%	4h	4.7410	−0.105%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0777%	1h	4.7387	−0.153%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7329	−0.276%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7287	−0.365%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0402%	4h	4.7368	−0.194%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0343%	4h	4.7370	−0.190%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7401	−0.124%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0206%	4h	4.7425	−0.074%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.312%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	+0.105%	$903K	$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	4.7369	−0.192%	$206K	$353K	5x	as long as short
Bybit LITUSDTshort	−0.0020%	4h	4.7355	−0.221%	$42.7M	$30.0M	75x
Perpl LIT	0.0000%	43m	4.7449	−0.024%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7372	−0.185%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7442	−0.038%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7379	−0.170%	$816K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7325	−0.285%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.222%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0086%	4h	4.7392	−0.143%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7332	−0.270%	$5.5M	$4.1M	100x	as long as short
Lighter LIT	+0.0096%	1h	4.7412	−0.101%	$59.6M	$30.0M	5x	as long as short
Binance LITUSDT	+0.0098%	4h	4.7337	−0.259%	$75.4M	$81.6M	75x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7345	−0.242%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7421	−0.082%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7381	−0.166%	$590K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7366	−0.198%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.225%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	−0.211%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7421	−0.082%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDTlong	+0.0100%	1h	4.7460	long leg	$56K	$77K	50x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7438	−0.046%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7420	−0.085%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7443	−0.036%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7405	−0.116%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7600	+0.295%	$190K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7337	−0.260%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7375	−0.179%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7478	+0.038%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7434	−0.055%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0204%	1h	4.7438	−0.046%	$212.7M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0332%	4h	4.7457	−0.006%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7431	−0.061%	$62K	—	50x	as long as short