Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0479%/8h= −52.5% APRpaid last 24h −0.099%

Price spread now: Bullet against HTX−0.229%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bullet is 0.229% cheaper against HTX than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7698	0.0100	pay 0.0050% / 4h	3h 31m	$190K	$347K	30x
Short	Bullet LIT-USD	4.7589	−0.0379	pay 0.0047% / 1h	31m 56s	$85K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.229%Rate

Funding earned: −$100.59
Price spread: −0.229% → 0.000%: −$22.91
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$143.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 41 min ago; Bullet: no order-book sample. 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 HTX live order book, 41 min ago	18.14 bp	34.0 bp −$34	235.2 bp −$2,352	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Deribit LIT_USDC-PERPETUAL	−0.0887%	1h	4.7615	−0.174%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0519%	4h	4.7558	−0.294%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0448%	1h	4.7518	−0.377%	$33K	$4K	5x	as long as short
Bullet LIT-USDshort	−0.0379%	1h	4.7589	−0.229%	$85K	$75K	20x
OKX LIT-USDT-SWAP	−0.0219%	4h	4.7642	−0.117%	$25.9M	$64.3M	50x	as long as short
KuCoin LITUSDTM	−0.0154%	4h	4.7671	−0.057%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7831	+0.279%	$676K	$406K	50x	as long as short
Phemex LITUSDT	−0.0054%	4h	4.7580	−0.247%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0052%	4h	4.7744	+0.096%	$917K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7755	+0.120%	$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
ApeX Omni LITUSDT	−0.0032%	1h	4.7760	+0.130%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7618	−0.168%	$31K	$856K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7653	−0.095%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0004%	1h	4.7682	−0.033%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0031%	1h	4.7570	−0.268%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.717%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0037%	8h	4.7563	−0.284%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0064%	1h	4.7602	−0.201%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7673	−0.052%	$59.6M	$29.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7656	−0.089%	$12.7M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7655	−0.090%	$592K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7612	−0.180%	$76.0M	$81.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7630	−0.143%	$42.9M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7607	−0.191%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7740	+0.088%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7640	−0.122%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7609	−0.187%	$5.7M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7660	−0.080%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7636	−0.130%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7770	+0.150%	$291K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7656	−0.088%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7561	−0.287%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7617	−0.170%	$997	$461K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7698	long leg	$190K	$347K	30x
Extended LIT-USD	+0.0104%	1h	4.7625	−0.153%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7635	−0.132%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7613	−0.179%	$793K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0136%	1h	4.7691	−0.015%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0275%	1h	4.7711	+0.027%	$214.1M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7617	−0.170%	$1.6M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0357%	1h	4.7693	−0.010%	$10K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0395% / S −0.0184%	1h	4.7642	−0.117%	$64K	—	50x	as long as short