Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.074%

Price spread now: Bulk against BloFin−0.142%97s7-day average +0.086% · 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—prices read too far apart to compare

costs, in and out, $10k−$510.514% of the position

Long on BloFin Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.266%−$27 on $10k

Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.142%, 7d avg +0.086%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bulk is 0.228% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.086%). Swap the legs. The two prices were read 97 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	BloFin LIT-USDT	4.7977	0.0340	pay 0.0170% / 4h	3h 33m	$1.6M	$2.3M	75x
Short	Bulk LIT-USD	4.7909	0.0100	get 0.0013% / 1h	33m 34s	$121K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against BloFin. 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 BloFinbpFee BulkbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$50.4
Price spread: −0.142% → +0.086%: −$22.85
Slippage, 4 orders: −$32.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$124.65
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Bulk: live order book, 65 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 BloFin live order book, 4 min ago	0.31 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 65 min ago	0.73 bp	8.8 bp −$9	19.9 bp −$199	51.9 bp −$5,194	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	−0.0496%	1h	4.7749	−0.475%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0426%	4h	4.7979	+0.004%	$894K	$2.0M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7924	−0.110%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7938	−0.081%	$607K	$349K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0254%	1h	4.7979	+0.005%	$42K	$39K	10x	as long as short
Bullet LIT-USD	−0.0229%	1h	4.7788	−0.394%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.7763	−0.446%	$25.8M	$58.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7960	−0.035%	$57K	$75K	50x	as long as short
Gate LIT_USDT	−0.0110%	4h	4.7890	−0.181%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDT	−0.0068%	4h	4.7780	−0.411%	$41.5M	$27.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7858	−0.248%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8001	+0.050%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8016	+0.081%	$206K	$288K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0025%	1h	4.7937	−0.083%	$684K	$986K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.131%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0048%	1h	4.7763	−0.447%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7805	−0.358%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7896	−0.169%	$59.6M	$26.1M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7916	−0.127%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7838	−0.290%	$216.1M	$38.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7820	−0.327%	$672K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7791	−0.388%	$76.8M	$73.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7797	−0.375%	$127K	$420K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7909	−0.142%	$121K	$2K	10x
MEXC LIT_USDT	+0.0100%	4h	4.7796	−0.377%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7856	−0.252%	$5.5M	$902K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	−0.431%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7979	+0.004%	$294K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7795	−0.379%	$445K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.113%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7893	−0.175%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7966	−0.023%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8019	+0.088%	$193K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7950	−0.056%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7764	−0.444%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7954	−0.048%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7825	−0.316%	$804K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0279%	4h	4.7862	−0.240%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7977	0.000%	$32K	$627K	33x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.7977	long leg	$1.6M	$2.3M	75x
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7957	−0.041%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0503%	1h	4.7997	+0.041%	$10K	$201K	10x	as long as short