Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.046%

Price spread now: Perpl against Arcus+0.070%7-day average +0.006% · you sell dearer than you buy

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

Long on Arcus Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−1.040%−$104 · spread now +0.070%, 7d avg +0.006%

Together, before fees−0.921%+ Points / potential airdropPerpl: Active · farm board−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.064% dearer against Arcus than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.006%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 4 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7462	0.0100	pay 0.0013% / 1h	53m 47s	$116K	$451K	5x
Short	Perpl LIT	4.7495	0	get 0.0000% / 43m	33m 47s	$31K	$703K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21
Price spread: +0.070% → +0.006%: $6.39
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$32.91
Costs to cover: 0.183%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 60 min ago; 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 Arcus live order book, 60 min ago	4.65 bp	7.9 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

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
01 Exchange LITUSD	−0.0456%	1h	4.7434	−0.059%	$31K	$5K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.6877	−1.233%	$607K	$354K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7412	−0.105%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0385%	4h	4.7440	−0.046%	$1.4M	$2.8M	20x	as long as short
Bullet LIT-USD	−0.0252%	1h	4.7449	−0.027%	$85K	$67K	20x	as long as short
Bybit LITUSDT	−0.0224%	4h	4.7490	+0.059%	$41.4M	$28.6M	75x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0131%	1h	4.7473	+0.023%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0124%	4h	4.7502	+0.084%	$25.6M	$60.7M	50x	as long as short
KuCoin LITUSDTM	−0.0022%	4h	4.7536	+0.156%	$5.3M	$1.0M	30x	as long as short
Phoenix LIT	−0.0017%	1h	4.7422	−0.084%	$204K	$283K	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	−0.0012%	1h	4.7484	+0.046%	$813K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7491	+0.060%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7495	+0.070%	$31K	$703K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7498	+0.075%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.218%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0040%	4h	4.7450	−0.025%	$914K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7425	−0.077%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7522	+0.126%	$59.2M	$27.4M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7538	+0.160%	$3.8M	$12.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7436	−0.054%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7565	+0.217%	$212.4M	$40.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7459	−0.006%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7486	+0.050%	$76.2M	$77.5M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7462	long leg	$116K	$451K	5x
Bulk LIT-USD	+0.0100%	1h	4.7207	−0.537%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7450	−0.025%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7479	+0.036%	$5.9M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7510	+0.101%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7449	−0.027%	$664K	$1.2M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7414	−0.100%	$290K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	−0.046%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7481	+0.040%	$446K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7490	+0.059%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7447	−0.032%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7463	+0.002%	$1K	$349K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7497	+0.074%	$201K	$348K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7477	+0.032%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7446	−0.035%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0231%	4h	4.7556	+0.198%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7410	−0.110%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0439% / S −0.0231%	1h	4.7478	+0.034%	$66K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0504%	1h	4.7431	−0.064%	$9K	$203K	10x	as long as short