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% APRpaid last 24h −0.018%

Price spread now: Backpack against Bitget+0.035%7-day average +0.197% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days+0.098%+$10 · spread now +0.035%, 7d avg +0.197%

Together, before fees+0.163%+$16 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: Backpack is 0.161% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.197%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7940	0.0100	pay 0.0050% / 4h	56m 12s	$6.8M	$2.7M	20x
Short	Backpack LIT_USDC_PERP	4.7957	0.0100	get 0.0013% / 1h	56m 12s	$674K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.197%: −$16.14
Slippage, 4 orders: −$40.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$78.22
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Backpack: 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 Bitget live order book, 2 min ago	3.14 bp	24.2 bp −$24	93.3 bp −$933	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.10 bp	5.3 bp −$5	14.3 bp −$143	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	−0.1052%	4h	4.7930	−0.021%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0707%	1h	4.7903	−0.078%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0621%	4h	4.7855	−0.177%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0478%	4h	4.7910	−0.063%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0453%	4h	4.7912	−0.058%	$26.0M	$64.3M	50x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7888	−0.108%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0331%	1h	4.7913	−0.057%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0238%	4h	4.7906	−0.071%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0202%	4h	4.7913	−0.056%	$43.2M	$30.1M	75x	as long as short
Aftermath Perps LITUSD	−0.0122%	1h	4.7737	−0.424%	$13K	$203K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0120%	4h	4.7610	−0.688%	$907K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7929	−0.022%	$678K	$405K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7829	−0.232%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7913	−0.057%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7923	−0.035%	$32K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7952	+0.025%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0006%	8h	4.7871	−0.143%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7938	−0.004%	$823K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.209%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0060%	4h	4.7899	−0.086%	$5.7M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0061%	4h	4.7594	−0.722%	$290K	$309K	10x	as long as short
Binance LITUSDT	+0.0063%	4h	4.7897	−0.090%	$76.2M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7890	−0.103%	$150K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7983	+0.090%	$60.4M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7907	−0.070%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7988	+0.100%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7924	−0.034%	$621K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7935	−0.010%	$119K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.780%	$119K	$6K	10x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7940	long leg	$6.8M	$2.7M	20x
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7957	+0.035%	$674K	$1.4M	5x
ApeX Omni LITUSDT	+0.0100%	1h	4.7730	−0.438%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7936	−0.008%	$453K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7950	+0.021%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7919	−0.044%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7920	−0.042%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7814	−0.263%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7908	−0.067%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7992	+0.108%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0248%	4h	4.7802	−0.288%	$1.6M	$2.1M	75x	as long as short
Hyperliquid LIT	+0.0300%	1h	4.8017	+0.161%	$215.2M	$44.8M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0379% / S −0.0169%	1h	4.7954	+0.028%	$63K	—	50x	as long as short