Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.102%

Price spread now: edgeX against Bullet−0.299%67s7-day average — · you buy dearer than you sell

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

Long on Bullet Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.299% cheaper against Bullet than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 2.5 days of funding at the current rate (+$12 a day). 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	Bullet LIT-USD	4.7097	−0.0292	get 0.0036% / 1h	20m 26s	$84K	$67K	20x
Short	edgeX LITUSDC	4.6956	0.0100	get 0.0050% / 4h	3h 20m	$287K	$304K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bullet. 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 BulletbpFee edgeXbpOrdersPrice spread, now −0.299%Rate

Funding earned: $82.24
Price spread: −0.299% → 0.000%: −$29.85
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $35.39
Costs to cover: 0.170%
Break-even: 4.0 days

Slippage unknown: Bullet: no order-book sample; edgeX: live order book, 33 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell edgeX live order book, 33 min ago	6.23 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	−0.0586%	1h	4.7073	−0.049%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0382%	4h	4.7015	−0.173%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.467%	$607K	$357K	50x	as long as short
Bullet LIT-USDlong	−0.0292%	1h	4.7097	long leg	$84K	$67K	20x
01 Exchange LITUSD	−0.0288%	1h	4.7075	−0.046%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0190%	4h	4.7040	−0.120%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0107%	4h	4.7114	+0.037%	$41.1M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.6930	−0.354%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0048%	4h	4.7094	−0.006%	$25.3M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7001	−0.203%	$202K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7107	+0.023%	$792K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7121	+0.051%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7155	+0.124%	$31K	$744K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7141	+0.094%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0006%	4h	4.7084	−0.027%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.003%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0068%	1h	4.7078	−0.039%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7067	−0.063%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7152	+0.118%	$58.8M	$28.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7179	+0.175%	$210.6M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7120	+0.050%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7087	−0.021%	$75.6M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7116	+0.041%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7100	+0.007%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7085	−0.025%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	+0.050%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7102	+0.011%	$660K	$1.3M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.6956	−0.299%	$287K	$304K	10x
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7060	−0.078%	$903K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7107	+0.022%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7115	+0.039%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7084	−0.027%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	−0.025%	$1K	$373K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7154	+0.122%	$199K	$359K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.333%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7085	−0.025%	$5.1M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7060	−0.078%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7158	+0.130%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0249%	4h	4.7180	+0.178%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0330%	1h	4.7121	+0.052%	$9K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7045	−0.110%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7143	+0.098%	$65K	—	50x	as long as short