Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0394%/8h= −43.1% APRpaid last 24h −0.095%

Price spread now: Bullet against MEXC−0.051%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bullet is 0.051% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7080	0.0046	pay 0.0023% / 4h	1h 46m	$5.6M	$4.2M	100x
Short	Bullet LIT-USD	4.7056	−0.0348	pay 0.0044% / 1h	46m 55s	$84K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against MEXC. 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 MEXCbpFee BulletbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$82.75
Price spread: −0.051% → 0.000%: −$5.07
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$99.82
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; Bullet: 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 MEXC live order book, 6 min ago	0.11 bp	3.3 bp −$3	51.0 bp −$510	286.7 bp −$28.7K	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.1004%	1h	4.7055	−0.053%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0902%	4h	4.7110	+0.064%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0634%	4h	4.7009	−0.151%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0604%	1h	4.7106	+0.055%	$662K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0521%	4h	4.7040	−0.085%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7049	−0.066%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0416%	4h	4.7100	+0.042%	$25.2M	$62.1M	50x	as long as short
Bullet LIT-USDshort	−0.0348%	1h	4.7056	−0.051%	$84K	$81K	20x
KuCoin LITUSDTM	−0.0290%	4h	4.7142	+0.132%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0280%	4h	4.7110	+0.064%	$42.6M	$30.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0198%	4h	4.7078	−0.003%	$899K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0191%	1h	4.7135	+0.116%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.362%	$660K	$388K	50x	as long as short
Nado LIT-PERP	−0.0130%	1h	4.7109	+0.062%	$2.1M	$1.7M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7141	+0.130%	$785K	$2.1M	5x	as long as short
SoDEX LIT-USD	−0.0036%	1h	4.7060	−0.042%	$1K	$468K	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7152	+0.153%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0003%	8h	4.7085	+0.010%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7156	+0.161%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7092	+0.026%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.039%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0042%	4h	4.7093	+0.028%	$286K	$311K	10x	as long as short
MEXC LIT_USDTlong	+0.0046%	4h	4.7080	long leg	$5.6M	$4.2M	100x
Binance LITUSDT	+0.0051%	4h	4.7076	−0.008%	$74.7M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7064	−0.035%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7145	+0.138%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7153	+0.155%	$210.2M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7133	+0.113%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7137	+0.121%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7122	+0.089%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.053%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	+0.085%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7060	−0.042%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7113	+0.070%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7103	+0.050%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7142	+0.132%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7095	+0.032%	$188K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7092	+0.026%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0204%	4h	4.7078	−0.004%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7125	+0.095%	$32K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7105	+0.052%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0448%	1h	4.7155	+0.159%	$3.7M	$13.5M	5x	as long as short