Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Backpack against SoDEX+0.100%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.100%, 7d avg +0.067%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.033% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LIT-USD	4.7085	0.0100	pay 0.0013% / 1h	27m 31s	$1K	$374K	5x
Short	Backpack LIT_USDC_PERP	4.7132	0.0100	get 0.0013% / 1h	27m 31s	$660K	$1.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.067%: $3.31
Slippage, 4 orders: −$33.29
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.98
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from SoDEX: live order book, 26 min ago; Backpack: live order book, 2 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 SoDEX live order book, 26 min ago	0.11 bp	19.8 bp −$20	49.3 bp −$493	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.42 bp	6.0 bp −$6	17.2 bp −$172	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
Deribit LIT_USDC-PERPETUAL	−0.0531%	1h	4.7087	+0.005%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0380%	4h	4.7031	−0.115%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.385%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0271%	1h	4.7078	−0.015%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7098	+0.028%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0092%	4h	4.7070	−0.032%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0052%	4h	4.7122	+0.079%	$41.1M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0027%	4h	4.7119	+0.072%	$25.4M	$61.0M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	+0.117%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7105	+0.042%	$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	4.7152	+0.143%	$800K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7132	+0.099%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7139	+0.114%	$31K	$745K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7112	+0.057%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7099	+0.030%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.028%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0043%	1h	4.7074	−0.022%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7191	+0.225%	$58.9M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.7085	+0.001%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7195	+0.234%	$210.7M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7142	+0.121%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7105	+0.042%	$75.6M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7132	+0.100%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	−0.008%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7130	+0.096%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7110	+0.053%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7130	+0.096%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7132	+0.100%	$660K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.7062	−0.050%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−0.032%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7092	+0.015%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7116	+0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7074	−0.023%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USDlong	+0.0100%	1h	4.7085	long leg	$1K	$374K	5x
HTX LIT-USDT	+0.0100%	4h	4.7096	+0.023%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7097	+0.025%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7055	−0.064%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7202	+0.248%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0221%	1h	4.7118	+0.071%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0253%	4h	4.7181	+0.204%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7059	−0.055%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7117	+0.068%	$65K	—	50x	as long as short