Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0512%/8h= −56.1% APRpaid last 24h −0.102%

Price spread now: Bullet against Binance+0.074%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bullet is 0.074% dearer against Binance than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7005	0.0100	pay 0.0050% / 4h	2h 45m	$75.1M	$80.4M	75x
Short	Bullet LIT-USD	4.7039	−0.0412	pay 0.0052% / 1h	45m 09s	$84K	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$107.55
Price spread: +0.074% → 0.000%: $7.37
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$118.19
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; Bullet: 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 Binance live order book, 12 min ago	0.11 bp	10.8 bp −$11	35.1 bp −$351	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Deribit LIT_USDC-PERPETUAL	−0.0655%	1h	4.7031	+0.056%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7001	−0.008%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0465%	4h	4.6976	−0.061%	$32K	$2K	10x	as long as short
Bullet LIT-USDshort	−0.0412%	1h	4.7039	+0.074%	$84K	$72K	20x
OKX LIT-USDT-SWAP	−0.0173%	4h	4.6991	−0.030%	$25.6M	$63.8M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0166%	1h	4.7064	+0.126%	$682K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0148%	4h	4.7040	+0.075%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7044	+0.083%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0122%	4h	4.7120	+0.245%	$895K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7162	+0.334%	$203K	$352K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.434%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7091	+0.182%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7093	+0.187%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	−0.029%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.202%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0043%	8h	4.7025	+0.043%	$7K	$2K	5x	as long as short
ApeX Omni LITUSDT	+0.0052%	1h	4.7040	+0.075%	$56K	$77K	50x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7093	+0.187%	$785K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7101	+0.205%	$59.0M	$29.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7030	+0.053%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7112	+0.228%	$211.1M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7112	+0.229%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7079	+0.158%	$584K	$1.7M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.7005	long leg	$75.1M	$80.4M	75x
Bybit LITUSDT	+0.0100%	4h	4.7009	+0.009%	$42.2M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7064	+0.126%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7017	+0.026%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7060	+0.117%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6985	−0.042%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7052	+0.100%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7069	+0.136%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7088	+0.177%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7043	+0.081%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7032	+0.058%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7040	+0.075%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7003	−0.005%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7010	+0.011%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0128%	1h	4.7121	+0.247%	$3.7M	$13.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.285%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0340%	1h	4.7104	+0.210%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0195%	1h	4.7074	+0.148%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7104	+0.210%	$31K	$861K	33x	as long as short