Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.072%

Price spread now: Extended against BloFin+0.265%54s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.354% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.292%−$29 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.265%, 7d avg +0.011%

Together, before fees−0.429%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.254% dearer against BloFin than usual: you sell high and buy low (spread +0.265% now, against its 7-day average of +0.011%): +$25 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 54 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	4.7895	0.0340	pay 0.0170% / 4h	3h 24m	$1.6M	$2.3M	75x
Short	Extended LIT-USD	4.8022	0.0104	get 0.0013% / 1h	24m 13s	$5.1M	$5.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.265%Rate

Funding earned: −$49.56
Price spread: +0.265% → +0.011%: $25.45
Slippage, 4 orders: −$18.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.52
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Extended: live order book, 5 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	0.10 bp	11.6 bp −$12	22.5 bp −$225	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.10 bp	4.2 bp −$4	24.5 bp −$245	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
01 Exchange LITUSD	−0.0448%	1h	4.8026	+0.274%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0385%	4h	4.7980	+0.177%	$33K	$313	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0345%	1h	4.8042	+0.307%	$42K	$39K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0340%	4h	4.7799	−0.200%	$889K	$2.0M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7913	+0.038%	$607K	$336K	50x	as long as short
Bullet LIT-USD	−0.0219%	1h	4.8012	+0.245%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0153%	4h	4.8045	+0.313%	$26.0M	$59.0M	50x	as long as short
Gate LIT_USDT	−0.0140%	4h	4.8020	+0.261%	$2.8M	$4.0M	50x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7810	−0.177%	$57K	$75K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0068%	1h	4.7953	+0.121%	$684K	$985K	5x	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	4.7991	+0.200%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7929	+0.071%	$36K	—	150x	as long as short
Bybit LITUSDT	+0.0016%	4h	4.8039	+0.301%	$41.7M	$27.0M	75x	as long as short
Phoenix LIT	+0.0017%	1h	4.7914	+0.040%	$206K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.303%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0057%	1h	4.8000	+0.219%	$2.1M	$1.6M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8085	+0.397%	$59.9M	$26.1M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8102	+0.432%	$3.7M	$12.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.8039	+0.301%	$7K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8061	+0.347%	$216.9M	$37.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7997	+0.212%	$652K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8020	+0.261%	$77.1M	$73.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8021	+0.263%	$126K	$413K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7982	+0.182%	$6.2M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8009	+0.238%	$5.5M	$867K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8040	+0.303%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7790	−0.220%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8055	+0.334%	$448K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7720	−0.366%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8027	+0.276%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8045	+0.313%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7866	−0.061%	$192K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7990	+0.198%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7738	−0.328%	$121K	$2K	10x	as long as short
Extended LIT-USDshort	+0.0104%	1h	4.8022	+0.265%	$5.1M	$5.1M	25x
Aevo LIT-PERP	+0.0104%	1h	4.8031	+0.285%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8049	+0.321%	$824K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0293%	4h	4.8089	+0.405%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8042	+0.308%	$32K	$625K	33x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.7895	long leg	$1.6M	$2.3M	75x
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8041	+0.306%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0465%	1h	4.7896	+0.002%	$10K	$196K	10x	as long as short