Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.038%

Price spread now: Perpl against Arcus+0.041%48s7-day average +0.010% · you sell dearer than you buy

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

Long on Arcus Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−1.010%−$101 · spread now +0.041%, 7d avg +0.010%

Together, before fees−0.904%+ Points / potential airdropPerpl: Active · farm board−$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Perpl is 0.031% dearer against Arcus than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 48 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	Arcus LIT-USD	4.6887	0.0100	pay 0.0013% / 1h	19m 41s	$117K	$450K	5x
Short	Perpl LIT	4.6906	0.0335	get 0.0030% / 43m	32m 41s	$31K	$839K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Arcus. 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 ArcusbpFee PerplbpOrdersPrice spread, now +0.041%Rate

Funding earned: $49.33
Price spread: +0.041% → +0.010%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $34.13
Costs to cover: 0.183%
Break-even: 2.2 days

Slippage unknown: Arcus: live order book, 64 min ago; Perpl: 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 Arcus live order book, 64 min ago	4.95 bp	7.8 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.1304%	4h	4.6890	+0.006%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0921%	1h	4.6821	−0.141%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0841%	1h	4.6850	−0.079%	$658K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0625%	4h	4.6780	−0.228%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.6813	−0.158%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0523%	4h	4.6840	−0.100%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0473%	4h	4.6865	−0.047%	$25.3M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0330%	1h	4.6844	−0.091%	$84K	$81K	20x	as long as short
Bybit LITUSDT	−0.0305%	4h	4.6875	−0.026%	$42.3M	$30.2M	75x	as long as short
KuCoin LITUSDTM	−0.0282%	4h	4.6903	+0.034%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0217%	1h	4.6981	+0.200%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0162%	4h	4.7040	+0.326%	$899K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	+0.661%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.6915	+0.059%	$783K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0041%	1h	4.6866	−0.046%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7054	+0.356%	$243K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0006%	8h	4.6839	−0.103%	$7K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6914	+0.058%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.6915	+0.060%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.459%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0052%	4h	4.6850	−0.079%	$74.4M	$80.9M	75x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.6858	−0.062%	$5.5M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7028	+0.300%	$286K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.6821	−0.140%	$146K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.6942	+0.117%	$59.1M	$29.8M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6973	+0.182%	$209.7M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6916	+0.062%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6908	+0.044%	$601K	$1.7M	10x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.6887	long leg	$117K	$450K	5x
Bulk LIT-USD	+0.0100%	1h	4.6888	+0.002%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6900	+0.028%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7050	+0.348%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6870	−0.036%	$443K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6867	−0.042%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6847	−0.085%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6855	−0.068%	$987	$464K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6976	+0.190%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6856	−0.065%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0224%	1h	4.6955	+0.145%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0228%	4h	4.6867	−0.043%	$1.5M	$2.0M	75x	as long as short
Perpl LITshort	+0.0335%	43m	4.6906	+0.041%	$31K	$839K	33x
GMX LIT/USD [ETH-USDC]	L +0.0374% / S −0.0169%	1h	4.6902	+0.033%	$62K	—	50x	as long as short