Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.064%

Price spread now: Bulk against Bybit−0.116%7-day average +0.041% · 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−$72as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.116%, 7d avg +0.041%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.157% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.079%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7354	0.0003	pay 0.0002% / 4h	2h 19m	$42.3M	$29.1M	75x
Short	Bulk LIT-USD	4.7299	−0.0039	pay 0.0005% / 1h	19m 55s	$118K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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 BybitbpFee BulkbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$8.76
Price spread: −0.116% → +0.041%: −$15.7
Slippage, 4 orders: −$38.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$80.62
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bulk: live order book, 49 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 Bybit live order book, 4 min ago	1.06 bp	20.5 bp −$21	54.9 bp −$549	doesn't fit	doesn't fit
Sell Bulk live order book, 49 min ago	0.42 bp	5.5 bp −$6	14.3 bp −$143	38.3 bp −$3,830	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.0643%	1h	4.7303	−0.108%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0624%	1h	4.7262	−0.194%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0461%	4h	4.7271	−0.175%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0446%	1h	4.7319	−0.073%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0192%	1h	4.7370	+0.034%	$57K	$77K	50x	as long as short
Phemex LITUSDT	−0.0183%	4h	4.7290	−0.135%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0172%	4h	4.7370	+0.034%	$900K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7351	−0.006%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0132%	4h	4.7381	+0.057%	$25.7M	$63.7M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7434	+0.169%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7477	+0.260%	$672K	$373K	50x	as long as short
Gate LIT_USDT	−0.0062%	4h	4.7340	−0.030%	$2.8M	$4.3M	50x	as long as short
Bulk LIT-USDshort	−0.0039%	1h	4.7299	−0.116%	$118K	$1K	10x
dYdX LIT-USD	0.0000%	1h	4.7321	−0.071%	$34K	—	5x	as long as short
Bybit LITUSDTlong	+0.0003%	4h	4.7354	long leg	$42.3M	$29.1M	75x
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7378	+0.050%	$474	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0030%	8h	4.7265	−0.188%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.449%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0078%	1h	4.7313	−0.087%	$1K	$443K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7342	−0.026%	$791K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7372	+0.038%	$59.3M	$29.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7315	−0.082%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7370	+0.034%	$212.0M	$42.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7324	−0.063%	$587K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7362	+0.017%	$75.5M	$80.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7313	−0.087%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7350	−0.008%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7380	+0.055%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7345	−0.019%	$686K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7360	+0.013%	$288K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7337	−0.036%	$447K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7356	+0.005%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7367	+0.027%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7334	−0.042%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7349	−0.011%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7317	−0.079%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0109%	4h	4.7364	+0.021%	$12.7M	$2.1M	50x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7391	+0.078%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0248%	1h	4.7360	+0.013%	$10K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0198%	1h	4.7353	−0.003%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7342	−0.026%	$31K	$856K	33x	as long as short