Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC−0.0275%/8h= −30.1% APRpaid last 24h −0.148%

Price spread now: Bullet against Perpl−0.063%7-day average — · you buy dearer than you sell

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

Long on Perpl 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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bullet is 0.063% cheaper against Perpl than usual: you would sell low and buy high (−$6 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	Perpl LIT	4.7111	0	get 0.0000% / 43m	23m 18s	$31K	$745K	33x
Short	Bullet LIT-USD	4.7082	−0.0275	pay 0.0034% / 1h	26m 18s	$84K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Perpl. 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 PerplbpFee BulletbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$57.71
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$85.83
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; 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 Perpl no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Perpl and 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	−0.0421%	1h	4.7097	−0.031%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0377%	4h	4.7035	−0.162%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.440%	$613K	$352K	50x	as long as short
Bullet LIT-USDshort	−0.0275%	1h	4.7082	−0.063%	$84K	$67K	20x
01 Exchange LITUSD	−0.0264%	1h	4.7022	−0.190%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0094%	4h	4.7080	−0.067%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0093%	4h	4.7080	−0.067%	$41.1M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0029%	4h	4.7087	−0.052%	$25.4M	$60.9M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	+0.061%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7116	+0.010%	$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	−0.069%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7091	−0.043%	$34K	—	5x	as long as short
Perpl LITlong	0.0000%	43m	4.7111	long leg	$31K	$745K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7117	+0.011%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7063	−0.103%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.971%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0055%	1h	4.7043	−0.146%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7127	+0.033%	$58.8M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7007	−0.222%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7160	+0.103%	$210.5M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7083	−0.060%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7071	−0.086%	$75.5M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7071	−0.086%	$117K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	−0.065%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7100	−0.024%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7063	−0.103%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	−0.024%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7127	+0.033%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7062	−0.106%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−0.088%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7081	−0.065%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7128	+0.036%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7036	−0.160%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7087	−0.052%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7167	+0.118%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7071	−0.085%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7068	−0.091%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7120	+0.018%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0244%	1h	4.7142	+0.064%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0254%	4h	4.7161	+0.105%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7094	−0.037%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7126	+0.032%	$65K	—	50x	as long as short