Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.093%

Price spread now: Bullet against SunX−0.078%7-day average — · you buy dearer than you sell

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

Long on SunX 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 −$14 a day on $10k at the current rate, and Bullet is 0.078% cheaper against SunX than usual: you would sell low and buy high (−$8 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	SunX LIT-USDT	4.7148	0.0100	pay 0.0050% / 4h	2h 04m	$4K	$1.2M	20x
Short	Bullet LIT-USD	4.7111	−0.0352	pay 0.0044% / 1h	4m 19s	$85K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against SunX. 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 SunXbpFee BulletbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$94.9
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$118.75
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 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 SunX live order book, 9 min ago	500.04 bp	doesn't fit	doesn't fit	doesn't fit	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	−0.1231%	1h	4.7125	−0.049%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0744%	4h	4.7140	−0.017%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0622%	4h	4.7067	−0.172%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0602%	4h	4.7110	−0.081%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0600%	1h	4.7037	−0.235%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0374%	4h	4.7137	−0.023%	$25.0M	$62.0M	50x	as long as short
Bullet LIT-USDshort	−0.0352%	1h	4.7111	−0.078%	$85K	$81K	20x
KuCoin LITUSDTM	−0.0308%	4h	4.7168	+0.042%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0308%	4h	4.7170	+0.047%	$42.7M	$30.7M	75x	as long as short
Backpack LIT_USDC_PERP	−0.0288%	1h	4.7130	−0.038%	$662K	$1.5M	5x	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	−0.0260%	4h	4.7220	+0.154%	$896K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0185%	1h	4.7251	+0.219%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.216%	$660K	$404K	50x	as long as short
SoDEX LIT-USD	−0.0061%	1h	4.7125	−0.049%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.218%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0033%	8h	4.7069	−0.168%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7127	−0.044%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0001%	1h	4.7100	−0.102%	$2.1M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7172	+0.050%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7146	−0.003%	$746K	$2.1M	5x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7116	−0.068%	$445K	$105K	10x	as long as short
Binance LITUSDT	+0.0030%	4h	4.7115	−0.070%	$74.7M	$81.7M	75x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7089	−0.125%	$5.7M	$4.3M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.892%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7229	+0.171%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7091	−0.121%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7201	+0.112%	$59.3M	$30.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7198	+0.106%	$210.3M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7172	+0.051%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7140	−0.017%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7109	−0.083%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.479%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7140	−0.017%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7170	+0.047%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7168	+0.041%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7148	long leg	$4K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7177	+0.062%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7116	−0.068%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7130	−0.039%	$31K	$843K	33x	as long as short
BloFin LIT-USDT	+0.0130%	4h	4.7101	−0.100%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7160	+0.025%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7233	+0.180%	$3.7M	$14.3M	5x	as long as short