Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: MEXC against Backpack+0.255%7-day average −0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs+$24as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Backpack Short on MEXC

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+0.711%+$71 · spread now +0.255%, 7d avg −0.235%

Together, before fees+0.602%+$60 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: MEXC is 0.490% dearer against Backpack than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.235%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LIT_USDC_PERP	4.8632	0.0100	pay 0.0013% / 1h	15m 14s	$685K	$1.1M	5x
Short	MEXC LIT_USDT	4.8756	0.0100	get 0.0050% / 4h	2h 15m	$6.0M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → −0.235%: $48.96
Slippage, 4 orders: −$10.68
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $24.28
Costs to cover: 0.247%
Break-even: from the start

Slippage from Backpack: live order book, 4 min ago; MEXC: live order book, 2 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, 4 min ago	0.10 bp	8.6 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.10 bp	3.3 bp −$3	57.4 bp −$574	350.0 bp −$35.0K	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8470	−0.332%	$613K	$370K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0355%	4h	4.8732	+0.206%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0200%	1h	4.8804	+0.354%	$32K	$3K	5x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.8729	+0.199%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0153%	4h	4.8816	+0.378%	$26.2M	$63.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0137%	1h	4.8762	+0.268%	$43K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.8366	−0.547%	$902K	$1.9M	10x	as long as short
Phemex LITUSDT	−0.0075%	4h	4.8740	+0.222%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0017%	1h	4.8725	+0.191%	$210K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8816	+0.379%	$848K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8862	+0.472%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8776	+0.296%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−1.217%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0056%	4h	4.8815	+0.376%	$5.5M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8790	+0.325%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8812	+0.370%	$60.8M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8755	+0.253%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8805	+0.355%	$624K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8798	+0.341%	$78.4M	$77.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8820	+0.387%	$42.3M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8805	+0.356%	$121K	$465K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7822	−1.665%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8760	+0.263%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.8756	+0.255%	$6.0M	$3.9M	100x
Bitget LITUSDT	+0.0100%	4h	4.8760	+0.263%	$7.0M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERPlong	+0.0100%	1h	4.8632	long leg	$685K	$1.1M	5x
edgeX LITUSDC	+0.0100%	4h	4.8595	−0.075%	$297K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8550	−0.169%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8800	+0.345%	$458K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8766	+0.276%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8725	+0.191%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8755	+0.253%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8917	+0.586%	$203K	$342K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8742	+0.225%	$5.3M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8755	+0.253%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.8829	+0.405%	$3.7M	$13.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0198%	1h	4.8351	−0.577%	$9K	$217K	10x	as long as short
Aster LITUSDT	+0.0230%	4h	4.8870	+0.490%	$13.1M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0239%	1h	4.8869	+0.487%	$220.3M	$41.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8645	+0.027%	$1.6M	$2.2M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0430% / S −0.0217%	1h	4.8750	+0.243%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8766	+0.275%	$35K	$689K	33x	as long as short