Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.075%

Price spread now: Coinbase International against Perpl+1.137%7-day average +0.071% · you sell dearer than you buy

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

Long on Perpl Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.847%−$85 on $10k

Price spread, last 3 days (all we have)−0.588%−$59 · spread now +1.137%, 7d avg +0.071%

Together, before fees−1.435%+ Points / potential airdropPerpl: Active · farm board−$143 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 1.066% dearer against Perpl than usual: you sell high and buy low (spread +1.137% now, against its 7-day average of +0.071%): +$107 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7185	0.0112	pay 0.0010% / 43m	37m 24s	$31K	$843K	33x
Short	Coinbase International LIT-PERP-INTX	4.7721	−0.0152	pay 0.0019% / 1h	7m 24s	$660K	$404K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Perpl. 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 PerplbpFee Coinbase InternationalbpOrdersPrice spread, now +1.137%Rate

Funding earned: −$55.36
Price spread: +1.137% → +0.071%: $106.6
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $27.44
Costs to cover: 0.238%
Break-even: from the start

Slippage unknown: Perpl: no order-book sample; Coinbase International: live order book, 16 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 Perpl no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 16 min ago	8.70 bp	19.8 bp −$20	59.0 bp −$590	doesn't fit	doesn't fit

Perpl: 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	−0.1246%	1h	4.7135	−0.105%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0664%	4h	4.7200	+0.032%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0620%	4h	4.7107	−0.165%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0608%	4h	4.7130	−0.116%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7125	−0.127%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0364%	4h	4.7159	−0.054%	$25.0M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0358%	1h	4.7171	−0.029%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0302%	4h	4.7222	+0.079%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0293%	4h	4.7191	+0.013%	$42.7M	$30.7M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7220	+0.076%	$896K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0256%	1h	4.7197	+0.026%	$663K	$1.5M	5x	as long as short
Aftermath Perps LITUSD	−0.0152%	1h	4.7344	+0.337%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.7721	+1.137%	$660K	$404K	50x
SoDEX LIT-USD	−0.0059%	1h	4.7155	−0.063%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.141%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7135	−0.105%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7205	+0.044%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7219	+0.072%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7208	+0.049%	$792K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0013%	1h	4.7179	−0.012%	$2.1M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7196	+0.024%	$446K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7167	−0.038%	$5.8M	$4.2M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.813%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0034%	4h	4.7155	−0.063%	$74.7M	$81.6M	75x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7229	+0.093%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7135	−0.106%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7228	+0.092%	$59.2M	$30.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7275	+0.191%	$210.7M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7221	+0.077%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7205	+0.043%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7174	−0.023%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.401%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7170	−0.031%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7230	+0.096%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7203	+0.039%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7192	+0.015%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7220	+0.075%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7120	−0.138%	$5.2M	$5.2M	25x	as long as short
Perpl LITlong	+0.0112%	43m	4.7185	long leg	$31K	$843K	33x
BloFin LIT-USDT	+0.0148%	4h	4.7183	−0.004%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7217	+0.069%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7259	+0.157%	$3.7M	$14.3M	5x	as long as short