Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.013%

Price spread now: edgeX against Backpack−0.042%85s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.042%, 7d avg −0.028%

Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7592	−0.0341	get 0.0043% / 1h	21m 39s	$668K	$1.5M	5x
Short	edgeX LITUSDC	4.7572	0.0033	get 0.0017% / 4h	2h 21m	$289K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Backpack. 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 BackpackbpFee edgeXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $78.6
Price spread: −0.042% → −0.028%: −$1.41
Slippage, 4 orders: −$16.14
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $42.04
Costs to cover: 0.351%
Break-even: 3.3 days

Slippage from Backpack: live order book, 2 min ago; edgeX: live order book, 1 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 Backpack live order book, 2 min ago	0.63 bp	6.7 bp −$7	17.9 bp −$179	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	5.16 bp	10.5 bp −$11	doesn't fit	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
Deribit LIT_USDC-PERPETUAL	−0.0915%	1h	4.7567	−0.052%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0658%	4h	4.7570	−0.046%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0612%	4h	4.7504	−0.185%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0575%	4h	4.7530	−0.130%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7487	−0.221%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0355%	1h	4.7550	−0.088%	$86K	$81K	20x	as long as short
Backpack LIT_USDC_PERPlong	−0.0341%	1h	4.7592	long leg	$668K	$1.5M	5x
Bybit LITUSDT	−0.0317%	4h	4.7564	−0.059%	$43.1M	$30.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0317%	4h	4.7540	−0.109%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0306%	4h	4.7583	−0.019%	$5.3M	$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
GRVT LIT_USDT_Perp	−0.0298%	4h	4.7580	−0.025%	$908K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.271%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7626	+0.071%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0021%	8h	4.7544	−0.102%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0007%	1h	4.7553	−0.082%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7588	−0.009%	$34K	—	5x	as long as short
Nado LIT-PERP	0.0000%	1h	4.7508	−0.177%	$2.1M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7604	+0.026%	$35K	—	150x	as long as short
Extended LIT-USD	+0.0008%	1h	4.7538	−0.114%	$5.3M	$5.1M	25x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7658	+0.138%	$827K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0030%	1h	4.7554	−0.080%	$449K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.941%	$422	$178K	5.5x	as long as short
edgeX LITUSDCshort	+0.0033%	4h	4.7572	−0.042%	$289K	$310K	10x
MEXC LIT_USDT	+0.0038%	4h	4.7544	−0.101%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0040%	4h	4.7549	−0.090%	$75.2M	$81.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0043%	1h	4.7539	−0.112%	$12K	$199K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7537	−0.116%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7639	+0.099%	$59.7M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7642	+0.105%	$211.6M	$45.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7616	+0.050%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7610	+0.038%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7561	−0.065%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7580	−0.025%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7580	−0.025%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7608	+0.035%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7560	−0.067%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7586	−0.013%	$190K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.290%	$119K	$6K	10x	as long as short
Perpl LIT	+0.0112%	43m	4.7604	+0.026%	$31K	$838K	33x	as long as short
BloFin LIT-USDT	+0.0154%	4h	4.7446	−0.307%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7609	+0.035%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0408%	1h	4.7658	+0.139%	$3.7M	$14.2M	5x	as long as short