Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.005%

Price spread now: Bulk against Aster+0.323%7-day average −0.049% · 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+$5as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Aster Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.799%−$80 · spread now +0.323%, 7d avg −0.049%

Together, before fees−0.848%+ Points / potential airdropAster: Stage 5 · farm board−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.372% dearer against Aster than usual: you sell high and buy low (spread +0.323% now, against its 7-day average of −0.049%): +$37 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.6736	0.0185	pay 0.0092% / 4h	49m 52s	$12.5M	$2.0M	50x
Short	Bulk LIT-USD	4.6887	0.0100	get 0.0013% / 1h	49m 52s	$117K	$973	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Aster. 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 AsterbpFee BulkbpOrdersPrice spread, now +0.323%Rate

Funding earned: −$17.82
Price spread: +0.323% → −0.049%: $37.21
Slippage, 4 orders: −$17.47
Fee Aster: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$13.08
Costs to cover: 0.325%
Break-even: from the start

Slippage from Aster: live order book, 4 min ago; Bulk: live order book, 9 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 Aster live order book, 4 min ago	2.77 bp	9.9 bp −$10	20.9 bp −$209	doesn't fit	doesn't fit
Sell Bulk live order book, 9 min ago	0.32 bp	7.6 bp −$8	17.5 bp −$175	49.9 bp −$4,993	115.9 bp −$57.9K

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	−0.0504%	1h	4.6616	−0.257%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6643	−0.199%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0373%	1h	4.6695	−0.089%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0297%	1h	4.6686	−0.107%	$84K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0228%	1h	4.6724	−0.026%	$662K	$1.4M	5x	as long as short
Gate LIT_USDT	−0.0194%	4h	4.6710	−0.055%	$2.7M	$4.2M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.239%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0135%	4h	4.6680	−0.120%	$1.3M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6943	+0.443%	$202K	$305K	5x	as long as short
Bybit LITUSDT	−0.0019%	4h	4.6646	−0.192%	$41.2M	$28.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.6755	+0.041%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0002%	4h	4.6663	−0.156%	$25.1M	$61.2M	50x	as long as short
Polymarket Perps LIT-USD	0.0000%	1h	4.6696	−0.085%	$436K	$109K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6722	−0.031%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6726	−0.022%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0020%	1h	4.6840	+0.223%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.790%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0048%	1h	4.6671	−0.138%	$5.1M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0059%	8h	4.6660	−0.162%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6863	+0.272%	$908K	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6727	−0.018%	$779K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0074%	1h	4.6690	−0.098%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6733	−0.006%	$58.2M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6749	+0.028%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6756	+0.043%	$209.0M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6696	−0.085%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6663	−0.155%	$74.5M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6704	−0.068%	$122K	$453K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.6887	+0.323%	$117K	$973	10x
MEXC LIT_USDT	+0.0100%	4h	4.6690	−0.098%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6680	−0.120%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6866	+0.279%	$286K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6720	−0.034%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6698	−0.081%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6710	−0.055%	$2K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6799	+0.135%	$198K	$388K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6696	−0.085%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0151%	1h	4.6840	+0.222%	$8K	$206K	10x	as long as short
Aster LITUSDTlong	+0.0185%	4h	4.6736	long leg	$12.5M	$2.0M	50x
Perpl LIT	+0.0335%	43m	4.6720	−0.034%	$31K	$794K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6684	−0.111%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6724	−0.025%	$62K	—	50x	as long as short