Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0318%/8h= +34.9% APRpaid last 24h +0.045%

Price spread now: Coinbase International against OKX+0.160%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.722%−$72 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.160%, 7d avg +0.130%

Together, before fees−0.650%−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.130%. Mind the row above: over the last 7 days funding on this pair cost −0.722%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7431	−0.0470	get 0.0235% / 4h	1h 08m	$25.6M	$63.4M	50x
Short	Coinbase International LIT-PERP-INTX	4.7507	−0.0152	pay 0.0019% / 1h	8m 11s	$672K	$401K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.160%Rate

Funding earned: $66.86
Price spread: +0.160% → +0.130%: $2.95
Slippage, 4 orders: −$32.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.33
Costs to cover: 0.525%
Break-even: 5.2 days

Slippage from OKX: live order book, 6 min ago; Coinbase International: live order book, 10 min ago.

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 OKX live order book, 6 min ago	0.11 bp	9.2 bp −$9	23.9 bp −$239	doesn't fit	doesn't fit
Sell Coinbase International live order book, 10 min ago	10.26 bp	17.7 bp −$18	44.7 bp −$447	doesn't fit	doesn't fit

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
Gate LIT_USDT	−0.1176%	4h	4.7460	+0.061%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0930%	1h	4.7386	−0.095%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0643%	1h	4.7455	+0.051%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0629%	4h	4.7339	−0.194%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7335	−0.202%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0508%	4h	4.7370	−0.129%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAPlong	−0.0470%	4h	4.7431	long leg	$25.6M	$63.4M	50x
Bullet LIT-USD	−0.0332%	1h	4.7365	−0.139%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0262%	1h	4.7316	−0.243%	$10K	$202K	10x	as long as short
Bybit LITUSDT	−0.0248%	4h	4.7410	−0.044%	$42.8M	$30.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0242%	4h	4.7427	−0.008%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.7507	+0.160%	$672K	$401K	50x
GRVT LIT_USDT_Perp	−0.0134%	4h	4.7261	−0.358%	$900K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7397	−0.073%	$811K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.504%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0006%	1h	4.7373	−0.121%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	−0.0001%	8h	4.7394	−0.079%	$7K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7493	+0.131%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7390	−0.086%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7441	+0.021%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.284%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7361	−0.148%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7398	−0.070%	$75.3M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0062%	4h	4.7408	−0.048%	$288K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7400	−0.065%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7486	+0.116%	$59.8M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7511	+0.169%	$212.3M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7462	+0.066%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7475	+0.093%	$615K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7421	−0.021%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.074%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7440	+0.019%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7280	−0.318%	$55K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7391	−0.084%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7433	+0.005%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7376	−0.116%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7395	−0.076%	$997	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7518	+0.183%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7375	−0.117%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7497	+0.139%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0225%	4h	4.7391	−0.084%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7424	−0.016%	$62K	—	50x	as long as short