Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against HTX+0.816%65s7-day average −12.542% · you sell dearer than you buy

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

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)−18.983%−$1,898 · spread now +0.816%, 7d avg −12.542%

Together, before fees−19.147%−$1,915 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 13.358% dearer against HTX than usual: you sell high and buy low (spread +0.816% now, against its 7-day average of −12.542%): +$1,336 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 22 months. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7651	0.0100	pay 0.0050% / 4h	2h 14m	$191K	$329K	30x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	14m 03s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +0.816%Rate

Funding earned: −$14
Price spread: +0.816% → −12.542%: $1,335.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,309.79
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 8 min ago; Injective: 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, 8 min ago	18.14 bp	29.4 bp −$29	252.4 bp −$2,524	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.1225%	1h	4.7603	−0.100%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7535	−0.243%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0587%	4h	4.7580	−0.149%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7610	−0.086%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7536	−0.241%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7588	−0.132%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7555	−0.201%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7590	−0.128%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.7654	+0.006%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.145%	$901K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0237%	1h	4.7629	−0.046%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.147%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0075%	1h	4.7593	−0.122%	$12K	$199K	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7660	+0.019%	$247K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0031%	1h	4.7597	−0.113%	$1K	$487K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7558	−0.194%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7646	−0.011%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7664	+0.028%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7636	−0.033%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0020%	1h	4.7597	−0.113%	$449K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7577	−0.154%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+0.816%	$422	$178K	5.5x
MEXC LIT_USDT	+0.0044%	4h	4.7574	−0.162%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7546	−0.221%	$75.3M	$81.5M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.110%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7574	−0.161%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7673	+0.046%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7691	+0.084%	$212.5M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7668	+0.035%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	−0.027%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7599	−0.109%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7600	−0.107%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	−0.002%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7642	−0.019%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7615	−0.076%	$4K	$1.2M	20x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7651	long leg	$191K	$329K	30x
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.413%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7589	−0.130%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7631	−0.041%	$31K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	−0.082%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7642	−0.019%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7698	+0.099%	$3.7M	$14.2M	5x	as long as short