Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective−2.037%7-day average +9.528% · you buy dearer than you sell

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

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+17.451%+$1,745 · spread now −2.037%, 7d avg +9.528%

Together, before fees+17.500%+ Points / potential airdropedgeX: Active · farm board+$1,750 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 11.565% cheaper against Injective than usual: you would sell low and buy high (spread −2.037% now, against its 7-day average of +9.528%). If the spread goes back, that is −$1,156 on $10k: about 19 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.048% in total) that is about years.

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	26m 26s	$422	$178K	5.5x
Short	edgeX LITUSDC	4.7062	0.0100	get 0.0050% / 4h	3h 26m	$288K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −2.037%Rate

Funding earned: $14
Price spread: −2.037% → +9.528%: −$1,156.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1,151.48
Costs to cover: 0.090%
Break-even: 582.7 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 27 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 edgeX live order book, 27 min ago	6.23 bp	12.9 bp −$13	doesn't fit	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	−0.0518%	1h	4.7105	−1.947%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0377%	4h	4.7049	−2.063%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−2.365%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0273%	1h	4.7104	−1.948%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7022	−2.119%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0094%	4h	4.7080	−1.998%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0093%	4h	4.7060	−2.040%	$41.1M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0029%	4h	4.7073	−2.013%	$25.3M	$60.9M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	−1.873%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7116	−1.923%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7079	−2.000%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7091	−1.975%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7111	−1.933%	$31K	$745K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7146	−1.860%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7045	−2.071%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Nado LIT-PERP	+0.0055%	1h	4.7043	−2.076%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7127	−1.900%	$58.8M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7007	−2.150%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7160	−1.832%	$210.5M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7083	−1.992%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7048	−2.065%	$75.5M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7071	−2.017%	$117K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	−1.996%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7090	−1.978%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7047	−2.067%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−1.957%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7127	−1.900%	$660K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.7062	−2.037%	$288K	$303K	10x
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−2.019%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7081	−1.996%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7132	−1.890%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7096	−1.965%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7115	−1.925%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7167	−1.817%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7019	−2.126%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7091	−1.976%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7120	−1.915%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0228%	1h	4.7125	−1.905%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0254%	4h	4.7140	−1.874%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7094	−1.969%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7144	−1.866%	$65K	—	50x	as long as short