Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: SoDEX against Backpack−0.034%7-day average −0.069% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.034%, 7d avg −0.069%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.035% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7421	0.0100	pay 0.0013% / 1h	25m 56s	$673K	$1.4M	5x
Short	SoDEX LIT-USD	4.7405	0.0100	get 0.0013% / 1h	25m 56s	$984	$466K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.069%: $3.52
Slippage, 4 orders: −$35.24
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$49.73
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; SoDEX: live order book, 53 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, 3 min ago	0.53 bp	5.9 bp −$6	15.9 bp −$159	doesn't fit	doesn't fit
Sell SoDEX live order book, 53 min ago	0.96 bp	20.3 bp −$20	52.1 bp −$521	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
Gate LIT_USDT	−0.0852%	4h	4.7420	−0.002%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0777%	1h	4.7387	−0.071%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7329	−0.194%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7374	−0.099%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0402%	4h	4.7365	−0.118%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0343%	4h	4.7370	−0.108%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7401	−0.041%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0202%	4h	4.7438	+0.036%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.395%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	−0.121%	$900K	$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	−0.110%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0025%	4h	4.7360	−0.129%	$42.7M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7449	+0.058%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7494	+0.154%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7442	+0.044%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7472	+0.106%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7430	+0.019%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.305%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0086%	4h	4.7392	−0.061%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0092%	4h	4.7343	−0.164%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7337	−0.177%	$75.4M	$81.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7458	+0.078%	$59.7M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7428	+0.016%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7457	+0.075%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7489	+0.142%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7446	+0.053%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.143%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−0.065%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7421	long leg	$673K	$1.4M	5x
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	+0.082%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7438	+0.036%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7420	−0.003%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7443	+0.046%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USDshort	+0.0100%	1h	4.7405	−0.034%	$984	$466K	5x
HTX LIT-USDT	+0.0100%	4h	4.7600	+0.377%	$190K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7357	−0.136%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7375	−0.097%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7478	+0.120%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7478	+0.120%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0206%	1h	4.7470	+0.103%	$212.9M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0332%	4h	4.7457	+0.076%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7431	+0.021%	$62K	—	50x	as long as short