Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Binance against Backpack−0.134%7-day average −0.265% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+2.996%+$300 · spread now −0.134%, 7d avg −0.265%

Together, before fees+2.887%+$289 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.131% dearer against Backpack than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.265%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.7978	0.0100	pay 0.0013% / 1h	43m 06s	$766K	$945K	5x
Short	Binance LITUSDT	4.7914	0.0100	get 0.0050% / 4h	43m 06s	$76.8M	$74.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Backpack. 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 BackpackbpFee BinancebpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.265%: $13.09
Slippage, 4 orders: −$16.26
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.17
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Backpack: live order book, 31 min ago; Binance: live order book, 14 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 Backpack live order book, 31 min ago	0.10 bp	8.4 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.10 bp	10.8 bp −$11	27.0 bp −$270	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	−0.0655%	1h	4.7912	−0.138%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0392%	1h	4.7923	−0.115%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0366%	4h	4.7869	−0.227%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.413%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0261%	1h	4.7924	−0.113%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7930	−0.100%	$25.7M	$59.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0096%	4h	4.7900	−0.163%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0079%	1h	4.7900	−0.163%	$57K	$73K	50x	as long as short
Bybit LITUSDT	−0.0007%	4h	4.7933	−0.094%	$41.7M	$28.0M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8000	+0.047%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7968	−0.021%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.129%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7998	+0.042%	$206K	$293K	5x	as long as short
Phemex LITUSDT	+0.0061%	4h	4.7930	−0.100%	$1.4M	$2.8M	20x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7976	−0.004%	$801K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7929	−0.103%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8008	+0.063%	$59.7M	$26.4M	5x	as long as short
KuCoin LITUSDTM	+0.0098%	4h	4.7944	−0.071%	$5.5M	$958K	30x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7920	−0.121%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7984	+0.013%	$770K	$1.8M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7914	−0.134%	$76.8M	$74.4M	75x
Arcus LIT-USD	+0.0100%	1h	4.7955	−0.048%	$125K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	+0.062%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7960	−0.038%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7910	−0.142%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7960	−0.038%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.7978	long leg	$766K	$945K	5x
edgeX LITUSDC	+0.0100%	4h	4.7930	−0.101%	$293K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7941	−0.077%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7975	−0.007%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7917	−0.127%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7918	−0.125%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7931	−0.098%	$200K	$298K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7904	−0.155%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7914	−0.134%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.8006	+0.058%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0183%	4h	4.8029	+0.105%	$12.9M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0262%	1h	4.8034	+0.117%	$216.8M	$39.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0326%	1h	4.7946	−0.067%	$10K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7898	−0.167%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7961	−0.036%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7966	−0.025%	$32K	$653K	33x	as long as short