Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.045%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.6661	0	get 0.0000% / 1h	41m 36s	$33K	—	5x
Short	Bitget LITUSDT	4.6640	0.0100	get 0.0050% / 4h	41m 36s	$6.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $21
Price spread: −0.045% → 0.000%: −$4.53
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.53
Costs to cover: 0.220%
Break-even: 8.8 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 2 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.14 bp	19.0 bp −$19	81.7 bp −$817	doesn't fit	doesn't fit

dYdX: 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
01 Exchange LITUSD	−0.0512%	1h	4.6570	−0.195%	$32K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0434%	1h	4.6627	−0.074%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6583	−0.167%	$32K	$1K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0252%	1h	4.6653	−0.017%	$659K	$1.4M	5x	as long as short
Bullet LIT-USD	−0.0247%	1h	4.6618	−0.093%	$83K	$68K	20x	as long as short
Gate LIT_USDT	−0.0242%	4h	4.6650	−0.024%	$2.7M	$4.3M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.399%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0135%	4h	4.6630	−0.067%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	−0.0056%	1h	4.6603	−0.125%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0045%	1h	4.6615	−0.099%	$2.1M	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.6711	+0.107%	$201K	$305K	5x	as long as short
Bybit LITUSDT	−0.0029%	4h	4.6616	−0.097%	$41.1M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0020%	4h	4.6666	+0.010%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0003%	4h	4.6634	−0.058%	$25.1M	$61.1M	50x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.6661	long leg	$33K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6658	−0.007%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0026%	1h	4.6660	−0.002%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.955%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.6634	−0.058%	$436K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6599	−0.134%	$6K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6672	+0.023%	$904K	$1.8M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6648	−0.028%	$778K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6674	+0.028%	$58.1M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6688	+0.058%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6702	+0.088%	$209.0M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6636	−0.054%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6610	−0.110%	$74.5M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6712	+0.109%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6604	−0.122%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.6640	−0.045%	$6.7M	$2.6M	20x
edgeX LITUSDC	+0.0100%	4h	4.6641	−0.042%	$285K	$304K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6655	−0.012%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6647	−0.030%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6640	−0.045%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	+0.118%	$197K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.077%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6617	−0.096%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0182%	4h	4.6696	+0.075%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0213%	1h	4.6718	+0.121%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6667	+0.013%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6592	−0.148%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6650	−0.025%	$62K	—	50x	as long as short