Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective−2.404%7-day average +9.952% · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 3 days (all we have)+16.943%+$1,694 · spread now −2.404%, 7d avg +9.952%

Together, before fees+16.992%+$1,699 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 12.356% cheaper against Injective than usual: you would sell low and buy high (spread −2.404% now, against its 7-day average of +9.952%). If the spread goes back, that is −$1,236 on $10k: about 21 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.049% 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	53m 18s	$422	$178K	5.5x
Short	MEXC LIT_USDT	4.6885	0.0100	get 0.0050% / 4h	1h 53m	$5.4M	$3.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −2.404%Rate

Funding earned: $14
Price spread: −2.404% → +9.952%: −$1,235.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,225.61
Costs to cover: 0.040%
Break-even: 619.8 days

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.11 bp	3.6 bp −$4	36.2 bp −$362	185.1 bp −$18.5K	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 41 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
ApeX Omni LITUSDT	−0.1086%	1h	4.6680	−2.831%	$56K	$77K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0409%	4h	4.6751	−2.683%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.6897	−2.379%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0232%	1h	4.6908	−2.357%	$84K	$67K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0210%	1h	4.6919	−2.333%	$41K	$40K	10x	as long as short
Phoenix LIT	−0.0085%	1h	4.6902	−2.369%	$202K	$341K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0076%	4h	4.6750	−2.685%	$890K	$1.7M	10x	as long as short
KuCoin LITUSDTM	−0.0042%	4h	4.6883	−2.408%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0041%	4h	4.6790	−2.602%	$25.4M	$61.3M	50x	as long as short
Phemex LITUSDT	−0.0027%	4h	4.6870	−2.435%	$1.4M	$2.8M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6867	−2.441%	$663K	$366K	50x	as long as short
Gate LIT_USDT	−0.0018%	4h	4.6900	−2.373%	$2.7M	$4.2M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6848	−2.482%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0033%	1h	4.6916	−2.340%	$682K	$1.3M	5x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
dYdX LIT-USD	+0.0041%	1h	4.6881	−2.413%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0059%	8h	4.6876	−2.423%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0076%	1h	4.6847	−2.484%	$117K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6933	−2.304%	$58.6M	$28.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6929	−2.313%	$782K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6879	−2.418%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6984	−2.198%	$210.1M	$40.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6918	−2.335%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6787	−2.608%	$74.4M	$78.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6768	−2.648%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6906	−2.361%	$117K	$446K	5x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.6885	−2.404%	$5.4M	$3.8M	100x
Bitget LITUSDT	+0.0100%	4h	4.6830	−2.519%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6800	−2.581%	$285K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6914	−2.344%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6805	−2.571%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6828	−2.523%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6759	−2.667%	$1K	$417K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6959	−2.250%	$191K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6874	−2.428%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6787	−2.609%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0153%	4h	4.6914	−2.344%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0176%	1h	4.6958	−2.252%	$3.7M	$13.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0283%	1h	4.6929	−2.313%	$10K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0408% / S −0.0204%	1h	4.6933	−2.305%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6917	−2.337%	$31K	$832K	33x	as long as short