Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.042%

Price spread now: Backpack against Gate+0.078%7-day average +0.191% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 7 days+0.261%+$26 · spread now +0.078%, 7d avg +0.191%

Together, before fees+0.427%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.113% cheaper against Gate than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.191%). If the spread goes back, that is −$11 on $10k: about 2.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.166% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7140	−0.0122	get 0.0061% / 4h	3h 59m	$2.7M	$4.2M	50x
Short	Backpack LIT_USDC_PERP	4.7177	0.0064	get 0.0008% / 1h	59m 43s	$662K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.078%Rate

Funding earned: $39.08
Price spread: +0.078% → +0.191%: −$11.26
Slippage, 4 orders: −$40.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$37.79
Costs to cover: 0.656%
Break-even: 13.8 days

Slippage from Gate: live order book, 3 min ago; Backpack: live order book, 4 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 Gate live order book, 3 min ago	2.12 bp	24.7 bp −$25	76.1 bp −$761	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.11 bp	7.3 bp −$7	17.3 bp −$173	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
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7099	−0.087%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0376%	1h	4.7050	−0.191%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0292%	1h	4.7134	−0.012%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0214%	1h	4.7164	+0.050%	$41K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.501%	$613K	$352K	50x	as long as short
Gate LIT_USDTlong	−0.0122%	4h	4.7140	long leg	$2.7M	$4.2M	50x
Phemex LITUSDT	−0.0101%	4h	4.7140	0.000%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7099	−0.087%	$203K	$305K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7118	−0.047%	$786K	$2.1M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7181	+0.087%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7189	+0.104%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0004%	4h	4.7121	−0.040%	$25.3M	$61.3M	50x	as long as short
KuCoin LITUSDTM	+0.0014%	4h	4.7120	−0.042%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.909%	$422	$178K	5.5x	as long as short
Aftermath Perps LITUSD	+0.0058%	1h	4.7111	−0.062%	$10K	$204K	10x	as long as short
Nado LIT-PERP	+0.0061%	1h	4.7156	+0.033%	$2.2M	$1.7M	10x	as long as short
Backpack LIT_USDC_PERPshort	+0.0064%	1h	4.7177	+0.078%	$662K	$1.4M	5x
ApeX Omni LITUSDT	+0.0067%	1h	4.7080	−0.127%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7067	−0.154%	$6K	$2K	5x	as long as short
Extended LIT-USD	+0.0072%	1h	4.7100	−0.086%	$5.2M	$5.0M	25x	as long as short
Lighter LIT	+0.0096%	1h	4.7190	+0.106%	$58.8M	$27.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7216	+0.161%	$3.8M	$13.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7196	+0.119%	$210.7M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7143	+0.006%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7115	−0.053%	$75.5M	$79.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7121	−0.040%	$41.3M	$28.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7122	−0.038%	$118K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.174%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7113	−0.057%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	+0.042%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7105	−0.073%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7089	−0.108%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7154	+0.030%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7192	+0.110%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7154	+0.030%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7154	+0.030%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7182	+0.089%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7146	+0.012%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7169	+0.062%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0249%	4h	4.7212	+0.152%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7082	−0.123%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7189	+0.105%	$65K	—	50x	as long as short