Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0500%/8h= −54.7% APRpaid last 24h −0.128%

Price spread now: Bullet against Aster−0.226%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Bullet

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bullet is 0.226% cheaper against Aster than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LITUSDT	4.8192	0.0190	pay 0.0095% / 4h	3h 52m	$12.9M	$2.0M	50x
Short	Bullet LIT-USD	4.8083	−0.0309	pay 0.0039% / 1h	52m 49s	$86K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.226%Rate

Funding earned: −$104.93
Price spread: −0.226% → 0.000%: −$22.62
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$143.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Bullet: 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 Aster live order book, 1 min ago	1.87 bp	6.9 bp −$7	19.3 bp −$193	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Deribit LIT_USDC-PERPETUAL	−0.0477%	1h	4.8118	−0.154%	$42K	$39K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.8045	−0.305%	$33K	$1K	10x	as long as short
Bullet LIT-USDshort	−0.0309%	1h	4.8083	−0.226%	$86K	$66K	20x
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7968	−0.466%	$608K	$349K	50x	as long as short
01 Exchange LITUSD	−0.0248%	1h	4.8026	−0.344%	$31K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0246%	4h	4.7999	−0.400%	$888K	$2.0M	10x	as long as short
Bybit LITUSDT	−0.0224%	4h	4.8130	−0.129%	$41.9M	$27.4M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0158%	4h	4.8118	−0.154%	$26.0M	$59.6M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8111	−0.167%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8107	−0.176%	$36K	—	150x	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	4.8132	−0.125%	$207K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.315%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0091%	1h	4.7970	−0.461%	$57K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.8047	−0.301%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8188	−0.008%	$60.0M	$25.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8055	−0.284%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8199	+0.015%	$217.8M	$38.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8076	−0.241%	$713K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8119	−0.152%	$77.2M	$73.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8081	−0.230%	$126K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8183	−0.019%	$120K	−$0	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8140	−0.108%	$2.8M	$4.0M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8103	−0.185%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8136	−0.116%	$5.5M	$928K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8140	−0.108%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8149	−0.089%	$687K	$988K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7984	−0.431%	$294K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8135	−0.118%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8239	+0.097%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8027	−0.342%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8120	−0.149%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8185	−0.015%	$194K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8090	−0.212%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8103	−0.185%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8088	−0.215%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8094	−0.203%	$801K	$2.3M	5x	as long as short
Lighter RH LIT	+0.0120%	1h	4.8204	+0.025%	$3.7M	$12.2M	5x	as long as short
Aster LITUSDTlong	+0.0190%	4h	4.8192	long leg	$12.9M	$2.0M	50x
Perpl LIT	+0.0335%	43m	4.8110	−0.170%	$32K	$639K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8071	−0.251%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8140	−0.108%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0482%	1h	4.8098	−0.194%	$10K	$202K	10x	as long as short