Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:07 UTC+0.0839%/8h= +91.9% APRpaid last 24h +0.185%

Price spread now: Perpl against 01 Exchange+0.225%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$25 a day on $10k at the current rate, and Perpl is 0.225% dearer against 01 Exchange than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange LITUSD	4.7872	−0.0504	get 0.0063% / 1h	37m 57s	$31K	$3K	5x
Short	Perpl LIT	4.7980	0.0335	get 0.0030% / 43m	9m 57s	$32K	$630K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against 01 Exchange. 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 01 ExchangebpFee PerplbpOrdersPrice spread, now +0.225%Rate

Funding earned: $176.17
Price spread: +0.225% → 0.000%: $22.5
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $177.86
Costs to cover: 0.208%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Perpl: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

01 Exchange and 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
GRVT LIT_USDT_Perp	−0.0680%	4h	4.8081	+0.436%	$896K	$2.0M	10x	as long as short
01 Exchange LITUSDlong	−0.0504%	1h	4.7872	long leg	$31K	$3K	5x
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7865	−0.015%	$33K	$313	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0355%	1h	4.7927	+0.114%	$42K	$39K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	+0.009%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0262%	1h	4.7932	+0.125%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0170%	4h	4.7950	+0.163%	$25.9M	$59.2M	50x	as long as short
ApeX Omni LITUSDT	−0.0135%	1h	4.7950	+0.163%	$57K	$75K	50x	as long as short
Gate LIT_USDT	−0.0112%	4h	4.7940	+0.142%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDT	−0.0042%	4h	4.7960	+0.184%	$41.7M	$27.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7922	+0.104%	$34K	—	5x	as long as short
Nado LIT-PERP	+0.0002%	1h	4.7945	+0.152%	$2.1M	$1.6M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7952	+0.167%	$36K	—	150x	as long as short
Phoenix LIT	+0.0017%	1h	4.8019	+0.307%	$206K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.351%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0037%	1h	4.7970	+0.205%	$684K	$987K	5x	as long as short
Phemex LITUSDT	+0.0066%	4h	4.7910	+0.079%	$1.4M	$2.7M	20x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7863	−0.018%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7966	+0.196%	$59.7M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7984	+0.234%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8028	+0.326%	$217.0M	$38.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7918	+0.096%	$674K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7935	+0.132%	$77.0M	$73.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7950	+0.163%	$127K	$436K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7909	+0.077%	$121K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7916	+0.092%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7931	+0.123%	$5.5M	$921K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	+0.163%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8030	+0.330%	$294K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7970	+0.205%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.332%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7935	+0.132%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7927	+0.115%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8010	+0.288%	$193K	$313K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7939	+0.140%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7904	+0.066%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.7981	+0.229%	$799K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0274%	4h	4.7999	+0.266%	$12.8M	$2.0M	50x	as long as short
Perpl LITshort	+0.0335%	43m	4.7980	+0.225%	$32K	$630K	33x
BloFin LIT-USDT	+0.0340%	4h	4.7872	0.000%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7950	+0.163%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0484%	1h	4.8065	+0.403%	$9K	$201K	10x	as long as short