Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.020%

Price spread now: Binance against Injective−1.869%77s7-day average +10.578% · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+17.107%+$1,711 · spread now −1.869%, 7d avg +10.578%

Together, before fees+17.155%+$1,716 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: Binance is 12.447% cheaper against Injective than usual: you would sell low and buy high, −$1,245 on $10k if it goes back to its 7-day average of +10.578%. The two prices were read 77 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	Injective LIT/USDC PERP	4.8040	0.0033	pay 0.0004% / 1h	10m 00s	$422	$178K	5.5x
Short	Binance LITUSDT	4.7142	0.0037	get 0.0019% / 4h	2h 10m	$74.7M	$81.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −1.869%Rate

Funding earned: $0.79
Price spread: −1.869% → +10.578%: −$1,244.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,253.92
Costs to cover: 0.100%
Break-even: 11103.5 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.48 bp	13.3 bp −$13	32.1 bp −$321	doesn't fit	doesn't fit

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	−0.1256%	1h	4.7194	−1.761%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0618%	4h	4.7145	−1.863%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0606%	4h	4.7220	−1.707%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0602%	4h	4.7200	−1.749%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7138	−1.878%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7212	−1.723%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0352%	4h	4.7170	−1.811%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0300%	4h	4.7247	−1.651%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0295%	4h	4.7200	−1.749%	$42.7M	$30.7M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7505	−1.114%	$902K	$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	−0.0246%	1h	4.7211	−1.726%	$663K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	−0.664%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0108%	1h	4.7521	−1.080%	$11K	$201K	10x	as long as short
SoDEX LIT-USD	−0.0068%	1h	4.7205	−1.738%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	−0.847%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7179	−1.793%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7268	−1.608%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7245	−1.655%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7261	−1.621%	$813K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0015%	1h	4.7232	−1.682%	$446K	$105K	10x	as long as short
Nado LIT-PERP	+0.0019%	1h	4.7210	−1.728%	$2.1M	$1.7M	10x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Binance LITUSDTshort	+0.0037%	4h	4.7142	−1.869%	$74.7M	$81.6M	75x
MEXC LIT_USDT	+0.0040%	4h	4.7188	−1.774%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	−0.948%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7206	−1.735%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7255	−1.634%	$59.3M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7256	−1.632%	$210.6M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7222	−1.703%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7278	−1.586%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7233	−1.680%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	−1.387%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7220	−1.707%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	−0.916%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7491	−1.143%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7246	−1.653%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7306	−1.528%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7164	−1.823%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7264	−1.615%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0163%	4h	4.7287	−1.567%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7250	−1.645%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7282	−1.578%	$3.7M	$14.3M	5x	as long as short