Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.069%

Price spread now: Extended against Bybit−0.049%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.049%, 7d avg −0.046%

Together, before fees+0.203%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.8016	−0.0005	get 0.0003% / 4h	3h 36m	$41.7M	$27.3M	75x
Short	Extended LIT-USD	4.7992	0.0104	get 0.0013% / 1h	36m 00s	$5.1M	$5.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: $22.95
Price spread: −0.049% → −0.046%: −$0.31
Slippage, 4 orders: −$35.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.18
Costs to cover: 0.518%
Break-even: 15.9 days

Slippage from Bybit: live order book, 3 min ago; Extended: 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 Bybit live order book, 3 min ago	1.04 bp	19.2 bp −$19	58.4 bp −$584	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.10 bp	9.5 bp −$9	28.3 bp −$283	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
GRVT LIT_USDT_Perp	−0.0678%	4h	4.7885	−0.273%	$892K	$2.0M	10x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7897	−0.248%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7955	−0.127%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	−0.291%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0239%	1h	4.7954	−0.128%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.8020	+0.008%	$25.9M	$59.2M	50x	as long as short
ApeX Omni LITUSDT	−0.0164%	1h	4.7850	−0.346%	$57K	$75K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0139%	1h	4.8019	+0.007%	$42K	$39K	10x	as long as short
Gate LIT_USDT	−0.0052%	4h	4.8020	+0.008%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDTlong	−0.0005%	4h	4.8016	long leg	$41.7M	$27.3M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7992	−0.049%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8010	−0.014%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8019	+0.006%	$206K	$288K	5x	as long as short
Nado LIT-PERP	+0.0025%	1h	4.7935	−0.169%	$2.1M	$1.6M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.050%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0037%	1h	4.8028	+0.025%	$685K	$986K	5x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7923	−0.194%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8064	+0.100%	$59.9M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8082	+0.137%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8084	+0.142%	$217.2M	$38.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7969	−0.098%	$674K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7991	−0.052%	$77.1M	$73.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7961	−0.115%	$127K	$436K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	−0.224%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7992	−0.050%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7990	−0.054%	$5.5M	$921K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8020	+0.008%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7907	−0.226%	$293K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7980	−0.075%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.032%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7928	−0.183%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8005	−0.023%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7994	−0.046%	$193K	$313K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7980	−0.075%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USDshort	+0.0104%	1h	4.7992	−0.049%	$5.1M	$5.2M	25x
Aevo LIT-PERP	+0.0104%	1h	4.7995	−0.044%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8000	−0.034%	$823K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0276%	4h	4.8054	+0.080%	$12.9M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.7995	−0.043%	$32K	$630K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7938	−0.162%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8010	−0.012%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0482%	1h	4.8033	+0.036%	$9K	$201K	10x	as long as short