Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0637%/8h= −69.7% APRpaid last 24h −0.094%

Price spread now: Bybit against Aftermath Perps−0.276%7-day average −0.137% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.413%−$41 on $10k

Price spread, last 4 days (all we have)−0.911%−$91 · spread now −0.276%, 7d avg −0.137%

Together, before fees−1.324%−$132 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.140% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.137%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.7092	0.0042	pay 0.0005% / 1h	57m 05s	$10K	$204K	10x
Short	Bybit LITUSDT	4.6962	−0.0594	pay 0.0297% / 4h	3h 57m	$41.1M	$28.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now −0.276%Rate

Funding earned: −$133.69
Price spread: −0.276% → −0.137%: −$13.96
Slippage, 4 orders: −$64.19
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$231.84
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 62 min ago; Bybit: 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 Aftermath Perps live order book, 62 min ago	4.02 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.06 bp	13.6 bp −$14	54.2 bp −$542	417.1 bp −$41.7K	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
Nado LIT-PERP	−0.0886%	1h	4.7025	−0.143%	$2.2M	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0738%	4h	4.6970	−0.259%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDTshort	−0.0594%	4h	4.6962	−0.276%	$41.1M	$28.9M	75x
Orderly PERP_LIT_USDC	−0.0391%	4h	4.6945	−0.312%	$32K	$1K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0378%	1h	4.6984	−0.230%	$660K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0352%	1h	4.6984	−0.230%	$33K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0344%	4h	4.7047	−0.095%	$905K	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.400%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0268%	4h	4.6990	−0.217%	$2.7M	$4.2M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0248%	1h	4.6963	−0.275%	$41K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet LIT-USD	−0.0143%	1h	4.7010	−0.175%	$84K	$68K	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7099	+0.015%	$203K	$297K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7058	−0.071%	$785K	$2.1M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0002%	4h	4.6953	−0.295%	$25.3M	$61.1M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7102	+0.020%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7067	−0.054%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0006%	4h	4.6978	−0.242%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.013%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0040%	1h	4.6954	−0.293%	$5.2M	$5.0M	25x	as long as short
Aftermath Perps LITUSDlong	+0.0042%	1h	4.7092	long leg	$10K	$204K	10x
ApeX Omni LITUSDT	+0.0068%	1h	4.7050	−0.089%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.6985	−0.228%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7027	−0.138%	$58.6M	$27.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7028	−0.137%	$210.0M	$42.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7050	−0.089%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6953	−0.296%	$75.2M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7052	−0.085%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.072%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6962	−0.276%	$5.6M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7010	−0.174%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7088	−0.010%	$288K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7019	−0.155%	$439K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7010	−0.175%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7019	−0.155%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6959	−0.283%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7103	+0.023%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6968	−0.263%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7072	−0.043%	$31K	$759K	33x	as long as short
Aster LITUSDT	+0.0240%	4h	4.7067	−0.053%	$12.6M	$1.9M	50x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7057	−0.075%	$3.8M	$13.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6946	−0.310%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7054	−0.080%	$65K	—	50x	as long as short