Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Backpack against HTX+0.002%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on HTX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.147%−$15 · spread now +0.002%, 7d avg −0.090%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.093% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7699	0.0100	pay 0.0050% / 4h	3h 10m	$190K	$346K	30x
Short	Backpack LIT_USDC_PERP	4.7700	0.0100	get 0.0013% / 1h	10m 42s	$691K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against HTX. 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 HTXbpFee BackpackbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → −0.090%: $9.25
Slippage, 4 orders: −$55.31
Fee HTX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$68.05
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Backpack: 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 HTX live order book, 62 min ago	18.14 bp	34.0 bp −$34	235.2 bp −$2,352	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	1.05 bp	7.4 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
Deribit LIT_USDC-PERPETUAL	−0.0858%	1h	4.7674	−0.053%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7607	−0.193%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7623	−0.159%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0363%	1h	4.7648	−0.107%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7778	+0.166%	$26.0M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	+0.086%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7776	+0.161%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.175%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.089%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	+0.027%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7695	−0.008%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7812	+0.237%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7720	+0.044%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.715%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.7738	+0.082%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0070%	1h	4.7625	−0.155%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0084%	1h	4.7655	−0.092%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7808	+0.229%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7767	+0.142%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7797	+0.205%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7739	+0.084%	$76.3M	$80.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7770	+0.149%	$43.0M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7790	+0.191%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.467%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7740	+0.086%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7770	+0.149%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	+0.233%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7700	+0.002%	$691K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.071%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7717	+0.038%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7664	−0.073%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7680	−0.040%	$1K	$453K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7699	long leg	$190K	$346K	30x
Phemex LITUSDT	+0.0100%	4h	4.7660	−0.082%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7739	+0.084%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7663	−0.075%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7808	+0.229%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7846	+0.308%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0337%	1h	4.7842	+0.300%	$214.8M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7658	−0.086%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0367%	1h	4.7670	−0.060%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0189%	1h	4.7695	−0.008%	$64K	—	50x	as long as short