Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.020%

Price spread now: KuCoin against Backpack−0.043%7-day average −0.219% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days−0.525%−$53 · spread now −0.043%, 7d avg −0.219%

Together, before fees−0.637%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.176% dearer against Backpack than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.219%): +$18 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.111% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.6961	0.0100	pay 0.0013% / 1h	2m 51s	$681K	$1.4M	5x
Short	KuCoin LITUSDTM	4.6941	−0.0076	pay 0.0038% / 4h	2h 02m	$5.2M	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$36.96
Price spread: −0.043% → −0.219%: $17.61
Slippage, 4 orders: −$48.12
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.47
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Backpack: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	0.64 bp	6.8 bp −$7	14.9 bp −$149	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.35 bp	28.8 bp −$29	145.3 bp −$1,453	doesn't fit	doesn't fit

LIT on 41 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	−0.0496%	1h	4.6973	+0.026%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0426%	4h	4.6898	−0.134%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0312%	1h	4.6951	−0.022%	$84K	$67K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0174%	1h	4.6944	−0.036%	$41K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0116%	4h	4.6899	−0.131%	$892K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.6900	−0.130%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6995	+0.072%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.902%	$670K	$370K	50x	as long as short
KuCoin LITUSDTMshort	−0.0076%	4h	4.6941	−0.043%	$5.2M	$1.1M	30x
Phemex LITUSDT	−0.0073%	4h	4.6950	−0.023%	$1.4M	$2.7M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	−0.0067%	4h	4.6937	−0.051%	$25.4M	$61.7M	50x	as long as short
Gate LIT_USDT	−0.0018%	4h	4.6940	−0.045%	$2.7M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7012	+0.108%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6949	−0.026%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.298%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.189%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0049%	8h	4.6988	+0.057%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7013	+0.110%	$813K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7022	+0.130%	$58.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6994	+0.070%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7009	+0.103%	$210.2M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7008	+0.101%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6946	−0.032%	$74.7M	$78.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6930	−0.066%	$41.7M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6998	+0.079%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6915	−0.098%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6990	+0.062%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.6961	long leg	$681K	$1.4M	5x
edgeX LITUSDC	+0.0100%	4h	4.6884	−0.165%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6974	+0.028%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6946	−0.031%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6968	+0.015%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6960	−0.002%	$1K	$418K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.113%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6913	−0.102%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6919	−0.089%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0124%	4h	4.7007	+0.098%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7020	+0.126%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0277%	1h	4.7008	+0.101%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0202%	1h	4.6952	−0.018%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6987	+0.055%	$31K	$833K	33x	as long as short