Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.026%

Price spread now: HTX against Backpack−0.071%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$760.757% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.071%, 7d avg +0.092%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.162% cheaper against Backpack than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.092%). If the spread goes back, that is −$16 on $10k: about 8.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.8028	0.0037	pay 0.0005% / 1h	35m 34s	$685K	$986K	5x
Short	HTX LIT-USDT	4.7994	0.0100	get 0.0050% / 4h	3h 35m	$193K	$313K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $13.3
Price spread: −0.071% → +0.092%: −$16.23
Slippage, 4 orders: −$53.7
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.63
Costs to cover: 0.757%
Break-even: 48.4 days

Slippage from Backpack: live order book, 28 min ago; HTX: live order book, 62 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, 28 min ago	0.10 bp	6.4 bp −$6	16.6 bp −$166	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	20.74 bp	31.8 bp −$32	154.3 bp −$1,543	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
GRVT LIT_USDT_Perp	−0.0678%	4h	4.7885	−0.298%	$892K	$2.0M	10x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7971	−0.119%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7955	−0.152%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	−0.315%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0239%	1h	4.7954	−0.153%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.8011	−0.035%	$25.9M	$59.1M	50x	as long as short
ApeX Omni LITUSDT	−0.0164%	1h	4.7850	−0.371%	$57K	$75K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0139%	1h	4.8019	−0.018%	$42K	$39K	10x	as long as short
Bybit LITUSDT	−0.0018%	4h	4.8012	−0.033%	$41.7M	$27.3M	75x	as long as short
Gate LIT_USDT	−0.0008%	4h	4.8030	+0.004%	$2.8M	$4.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8042	+0.030%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8010	−0.039%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8019	−0.019%	$206K	$288K	5x	as long as short
Nado LIT-PERP	+0.0025%	1h	4.7935	−0.194%	$2.1M	$1.6M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.025%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERPlong	+0.0037%	1h	4.8028	long leg	$685K	$986K	5x
Paradex LIT-USD-PERP	+0.0096%	8h	4.7990	−0.079%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8054	+0.054%	$59.8M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8074	+0.096%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8081	+0.110%	$217.2M	$38.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8000	−0.058%	$675K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7991	−0.076%	$77.1M	$73.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7961	−0.140%	$127K	$436K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	−0.248%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7993	−0.073%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7991	−0.077%	$5.5M	$921K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8020	−0.017%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7907	−0.251%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7980	−0.100%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.007%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7928	−0.208%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8005	−0.048%	$1K	$331K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7994	−0.071%	$193K	$313K	30x
Phemex LITUSDT	+0.0100%	4h	4.7980	−0.100%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7977	−0.106%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7995	−0.069%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8041	+0.026%	$824K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0279%	4h	4.8064	+0.075%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7995	−0.068%	$32K	$630K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7938	−0.187%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8010	−0.037%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0482%	1h	4.8033	+0.011%	$9K	$201K	10x	as long as short