Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0111%/8hnext payment +$0.14 per $10,000 · paid last 24h +0.001%

Price spread now: RISEx against Backpack+0.052%7-day average −0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 7 days+1.181%+$118 · spread now +0.052%, 7d avg −0.204%

Together, before fees+1.270%+$127 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.255% dearer against Backpack than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.204%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7821	−0.0050	get 0.0006% / 1h	32m 50s	$668K	$1.5M	5x
Short	RISEx LIT/USDC	4.7846	0.0061	get 0.0008% / 1h	32m 50s	$825K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.052%Rate

Funding earned: $23.27
Price spread: +0.052% → −0.204%: $25.55
Slippage, 4 orders: −$6.06
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $26.76
Costs to cover: 0.221%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; RISEx: live order book, 3 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, 4 min ago	0.31 bp	6.2 bp −$6	18.4 bp −$184	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	2.10 bp	5.1 bp −$5	14.9 bp −$149	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
01 Exchange LITUSD	−0.0600%	1h	4.7772	−0.102%	$33K	$5K	5x	as long as short
Phemex LITUSDT	−0.0525%	4h	4.7770	−0.107%	$1.3M	$2.7M	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0515%	1h	4.7819	−0.005%	$32K	$22K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0442%	4h	4.7745	−0.159%	$33K	$2K	10x	as long as short
Bullet LIT-USD	−0.0402%	1h	4.7794	−0.056%	$80K	$76K	20x	as long as short
Bybit LITUSDT	−0.0324%	4h	4.7820	−0.002%	$43.8M	$29.4M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0292%	4h	4.7796	−0.052%	$25.6M	$60.1M	50x	as long as short
Gate LIT_USDT	−0.0252%	4h	4.7850	+0.061%	$2.8M	$4.6M	50x	as long as short
KuCoin LITUSDTM	−0.0252%	4h	4.7809	−0.025%	$5.3M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0152%	1h	4.7600	−0.462%	$58K	$79K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0084%	1h	4.7689	−0.276%	$247K	$280K	5x	as long as short
SoDEX LIT-USD	−0.0057%	1h	4.7785	−0.075%	$990	$473K	5x	as long as short
Backpack LIT_USDC_PERPlong	−0.0050%	1h	4.7821	long leg	$668K	$1.5M	5x
Coinbase International LIT-PERP-INTX	−0.0048%	1h	4.7790	−0.064%	$659K	$411K	50x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7810	−0.023%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7842	+0.043%	$25K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0017%	8h	4.7755	−0.138%	$5K	$1K	5x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7775	−0.096%	$2.0M	$1.7M	10x	as long as short
GRVT LIT_USDT_Perp	+0.0024%	4h	4.7597	−0.469%	$897K	$1.9M	10x	as long as short
Injective LIT/USDC PERP	+0.0038%	1h	4.7750	−0.148%	$419	$62K	5.5x	as long as short
RISEx LIT/USDCshort	+0.0061%	1h	4.7846	+0.052%	$825K	$2.0M	5x
Lighter LIT	+0.0096%	1h	4.7863	+0.088%	$59.6M	$29.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7860	+0.082%	$212.4M	$45.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7805	−0.033%	$595K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7787	−0.070%	—	$80.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7788	−0.069%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7632	−0.395%	$120K	$3K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7796	−0.052%	$6.3M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7850	+0.061%	$6.9M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7608	−0.445%	$290K	$314K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7806	−0.031%	$451K	$107K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7839	+0.038%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7803	−0.038%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7687	−0.280%	$189K	$320K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7796	−0.053%	$5.4M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7773	−0.101%	$149K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0121%	1h	4.7686	−0.281%	$11K	$200K	10x	as long as short
Aster LITUSDT	+0.0140%	4h	4.7856	+0.073%	$12.8M	$2.7M	50x	as long as short
Lighter RH LIT	+0.0208%	1h	4.7874	+0.111%	$3.8M	$13.8M	5x	as long as short
Perpl LIT	+0.0223%	43m	4.7844	+0.048%	$32K	$862K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7599	−0.464%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0428% / S −0.0232%	1h	4.7836	+0.031%	$60K	—	50x	as long as short