Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.092%

Price spread now: BloFin against Injective−0.618%7-day average +10.952% · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.455%+$46 on $10k

Price spread, last 4 days (all we have)+18.415%+$1,842 · spread now −0.618%, 7d avg +10.952%

Together, before fees+18.871%+$1,887 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 11.570% cheaper against Injective than usual: you would sell low and buy high (spread −0.618% now, against its 7-day average of +10.952%). If the spread goes back, that is −$1,157 on $10k: about 4 months of funding at the current rate (+$9 a day).

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	28m 18s	$422	$178K	5.5x
Short	BloFin LIT-USDT	4.7743	0.0340	get 0.0170% / 4h	2h 28m	$1.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.618%Rate

Funding earned: $64.4
Price spread: −0.618% → +10.952%: −$1,157.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,104.63
Costs to cover: 0.120%
Break-even: 127.1 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.74 bp	14.8 bp −$15	28.9 bp −$289	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−1.540%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0359%	4h	4.7690	−0.729%	$33K	$1K	10x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7830	−0.437%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0240%	1h	4.7753	−0.597%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0176%	4h	4.7470	−1.187%	$888K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0165%	1h	4.7728	−0.649%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0135%	4h	4.7738	−0.629%	$25.7M	$61.1M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0121%	1h	4.7748	−0.607%	$42K	$40K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	−0.993%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7786	−0.528%	$824K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0005%	4h	4.7734	−0.637%	$41.5M	$28.7M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7760	−0.582%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7759	−0.585%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.7733	−0.639%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0094%	8h	4.7710	−0.687%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7785	−0.531%	$59.6M	$27.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7705	−0.698%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7745	−0.614%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7726	−0.654%	$76.7M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7769	−0.564%	$118K	$462K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	−1.203%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7730	−0.645%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7721	−0.664%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	−0.562%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7766	−0.570%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7385	−1.363%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−1.291%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7740	−0.624%	$448K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7760	−0.582%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7708	−0.691%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7834	−0.429%	$1K	$330K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7579	−0.960%	$201K	$337K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7722	−0.663%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7694	−0.720%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0121%	1h	4.7793	−0.514%	$214.1M	$40.7M	5x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7802	−0.495%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0226%	4h	4.7766	−0.570%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7743	−0.618%	$1.6M	$2.0M	75x
Aftermath Perps LITUSD	+0.0428%	1h	4.7617	−0.881%	$8K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7758	−0.587%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7777	−0.549%	$32K	$679K	33x	as long as short