Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Binance+2.243%67s7-day average −9.948% · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−16.777%−$1,678 · spread now +2.243%, 7d avg −9.948%

Together, before fees−16.825%−$1,682 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 12.192% dearer against Binance than usual: you sell high and buy low (spread +2.243% now, against its 7-day average of −9.948%): +$1,219 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 months. At the pace of the last 7 days (−0.048% in total) that is about years. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.6986	0.0100	pay 0.0050% / 4h	2h 02m	$74.8M	$78.2M	75x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	2m 13s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.243%Rate

Funding earned: −$14
Price spread: +2.243% → −9.948%: $1,219.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,195.15
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 10 min ago; Injective: 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, 10 min ago	0.11 bp	11.0 bp −$11	32.2 bp −$322	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 41 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	−0.0496%	1h	4.6963	−0.049%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0423%	4h	4.6941	−0.096%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.6982	−0.007%	$84K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0116%	4h	4.6899	−0.184%	$892K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.6900	−0.183%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6995	+0.019%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.848%	$670K	$370K	50x	as long as short
KuCoin LITUSDTM	−0.0074%	4h	4.6991	+0.011%	$5.2M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0069%	4h	4.6960	−0.055%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0062%	4h	4.7008	+0.047%	$25.5M	$61.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.0044%	1h	4.6995	+0.019%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0012%	4h	4.7010	+0.051%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6942	−0.095%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6999	+0.028%	$11K	—	150x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+2.243%	$422	$178K	5.5x
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.242%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0050%	8h	4.6947	−0.084%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7000	+0.029%	$811K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7057	+0.151%	$58.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6975	−0.023%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7060	+0.158%	$210.4M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6984	−0.005%	$583K	$1.6M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.6986	long leg	$74.8M	$78.2M	75x
Bybit LITUSDT	+0.0100%	4h	4.6983	−0.006%	$41.8M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6977	−0.019%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6985	−0.002%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7020	+0.072%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7040	+0.115%	$682K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6884	−0.218%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6998	+0.026%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7011	+0.053%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7012	+0.055%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7003	+0.036%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.060%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6974	−0.026%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6986	+0.001%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0132%	4h	4.7058	+0.153%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7073	+0.185%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0288%	1h	4.7027	+0.086%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0202%	1h	4.7003	+0.037%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7013	+0.057%	$31K	$833K	33x	as long as short