Funding arb · Price arb /

LIT

all LIT markets

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 −0.026%

Price spread now: Backpack against Arcus+0.021%7-day average +0.010% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Arcus Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.021%, 7d avg +0.010%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7236	0.0100	pay 0.0013% / 1h	7m 41s	$115K	$451K	5x
Short	Backpack LIT_USDC_PERP	4.7246	0.0100	get 0.0013% / 1h	7m 41s	$662K	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Arcus. 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 ArcusbpFee BackpackbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.010%: $1.12
Slippage, 4 orders: −$16.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$29.59
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Arcus: live order book, 46 min ago; Backpack: live order book, 1 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 Arcus live order book, 46 min ago	4.65 bp	7.9 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.11 bp	6.2 bp −$6	16.5 bp −$165	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	−0.0558%	1h	4.7225	−0.023%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0415%	4h	4.7180	−0.119%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7176	−0.127%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0352%	1h	4.7175	−0.129%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0325%	1h	4.7223	−0.028%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.761%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0199%	4h	4.7230	−0.013%	$41.2M	$28.7M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0090%	4h	4.7237	+0.002%	$25.4M	$60.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0088%	1h	4.7130	−0.224%	$56K	$75K	50x	as long as short
KuCoin LITUSDTM	−0.0030%	4h	4.7210	−0.055%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7260	+0.051%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7257	+0.045%	$788K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7271	+0.075%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7271	+0.074%	$31K	$736K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7269	+0.069%	$11K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0008%	4h	4.7160	−0.161%	$908K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.702%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7172	−0.135%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7295	+0.125%	$59.0M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7207	−0.060%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7293	+0.121%	$211.2M	$40.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7244	+0.017%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7206	−0.063%	$75.7M	$78.4M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7236	long leg	$115K	$451K	5x
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.127%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7240	+0.008%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7226	−0.021%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7250	+0.030%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7246	+0.021%	$662K	$1.3M	5x
edgeX LITUSDC	+0.0100%	4h	4.7175	−0.130%	$288K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7224	−0.025%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7267	+0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7213	−0.049%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7225	−0.023%	$1K	$369K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7273	+0.078%	$200K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7217	−0.040%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7185	−0.107%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7298	+0.131%	$3.8M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0233%	4h	4.7262	+0.055%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7151	−0.180%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7268	+0.068%	$65K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0439%	1h	4.7228	−0.018%	$9K	$204K	10x	as long as short