Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−0.162%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 6 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. MEXC is 0.162% cheaper against dYdX than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 days 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	4.8018	0	get 0.0000% / 1h	48m 36s	$34K	—	5x
Short	MEXC LIT_USDT	4.7940	0.0100	get 0.0050% / 4h	1h 48m	$6.3M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.162%Rate

Funding earned: $21
Price spread: −0.162% → 0.000%: −$16.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$9.24
Costs to cover: 0.140%
Break-even: 10.1 days

Slippage unknown: dYdX: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	0.10 bp	4.1 bp −$4	55.1 bp −$551	335.5 bp −$33.5K	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 41 exchanges

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
Orderly PERP_LIT_USDC	−0.0358%	4h	4.7947	−0.148%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.8127	+0.228%	$609K	$297K	50x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7933	−0.177%	$31K	$3K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0081%	4h	4.7948	−0.146%	$26.1M	$53.9M	50x	as long as short
Bullet LIT-USD	−0.0064%	1h	4.7999	−0.039%	$86K	$44K	20x	as long as short
Extended LIT-USD	−0.0032%	1h	4.7919	−0.206%	$5.2M	$5.0M	25x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.8018	long leg	$34K	—	5x
Deribit LIT_USDC-PERPETUAL	0.0000%	1h	4.8007	−0.022%	$42K	$19K	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8054	+0.074%	$36K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0004%	4h	4.8030	+0.025%	$893K	$1.9M	10x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.046%	$422	$178K	5.5x	as long as short
Gate LIT_USDT	+0.0050%	4h	4.7980	−0.079%	$2.8M	$3.6M	50x	as long as short
Bybit LITUSDT	+0.0067%	4h	4.7940	−0.162%	$41.6M	$24.8M	75x	as long as short
Phoenix LIT	+0.0083%	1h	4.8035	+0.035%	$206K	$268K	5x	as long as short
Pacifica LIT	+0.0092%	1h	4.7969	−0.102%	$638K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8016	−0.004%	$59.9M	$23.2M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7954	−0.134%	$7K	$1K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7942	−0.158%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8009	−0.019%	$216.9M	$34.7M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7931	−0.181%	$77.4M	$65.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7955	−0.131%	$131K	$356K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8088	+0.146%	$157K	$37K	10x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.7940	−0.162%	$6.3M	$3.5M	100x
KuCoin LITUSDTM	+0.0100%	4h	4.7994	−0.050%	$5.5M	$660K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	−0.142%	$6.9M	$2.2M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7984	−0.071%	$684K	$870K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7961	−0.120%	$294K	$301K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8000	−0.037%	$58K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7948	−0.146%	$447K	$80K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7943	−0.156%	$5K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7990	−0.058%	$4K	$298K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8023	+0.010%	$193K	$269K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8000	−0.037%	$1.4M	$2.7M	20x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7980	−0.079%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0176%	1h	4.7978	−0.083%	$818K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0273%	4h	4.8017	−0.002%	$12.8M	$1.7M	50x	as long as short
Lighter RH LIT	+0.0336%	1h	4.8011	−0.015%	$3.7M	$11.3M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7982	−0.075%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7983	−0.073%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8036	+0.038%	$28K	$558K	33x	as long as short
Aftermath Perps LITUSD	+0.0496%	1h	4.8041	+0.048%	$9K	$182K	10x	as long as short