Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC−0.0338%/8h= −37.0% APRpaid last 24h −0.034%

Price spread now: Perpl against BloFin+0.112%7-day average +0.081% · you sell dearer than you buy

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

Long on BloFin Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now +0.112%, 7d avg +0.081%

Together, before fees−0.303%+ Points / potential airdropPerpl: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.032% dearer against BloFin than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.081%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LIT-USDT	4.7320	0.0338	pay 0.0169% / 4h	24m 52s	$1.6M	$2.0M	75x
Short	Perpl LIT	4.7373	0	get 0.0000% / 43m	20m 52s	$31K	$840K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee PerplbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$71.03
Price spread: +0.112% → +0.081%: $3.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$93.66
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Perpl: 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 BloFin live order book, 3 min ago	0.85 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Gate LIT_USDT	−0.0852%	4h	4.7360	+0.085%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0798%	1h	4.7359	+0.083%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7311	−0.019%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7287	−0.070%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0400%	4h	4.7298	−0.046%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0347%	4h	4.7350	+0.063%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0330%	1h	4.7362	+0.089%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0206%	4h	4.7393	+0.154%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.609%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	+0.402%	$903K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	+0.104%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0020%	4h	4.7303	−0.036%	$42.6M	$30.0M	75x	as long as short
Perpl LITshort	0.0000%	43m	4.7373	+0.112%	$31K	$840K	33x
dYdX LIT-USD	+0.0001%	1h	4.7372	+0.111%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7412	+0.194%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7379	+0.126%	$816K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7325	+0.010%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.522%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0086%	4h	4.7392	+0.153%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7301	−0.040%	$5.5M	$4.1M	100x	as long as short
Lighter LIT	+0.0096%	1h	4.7404	+0.178%	$59.6M	$30.0M	5x	as long as short
Binance LITUSDT	+0.0098%	4h	4.7264	−0.118%	$75.3M	$81.6M	75x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7345	+0.053%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7395	+0.157%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7381	+0.129%	$590K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7366	+0.097%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	+0.070%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7310	−0.021%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7364	+0.093%	$672K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	+0.296%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7375	+0.116%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7394	+0.156%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7337	+0.036%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7374	+0.114%	$982	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7454	+0.283%	$190K	$337K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7286	−0.072%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7342	+0.046%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7436	+0.245%	$3.7M	$13.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0189%	1h	4.7464	+0.304%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0194%	1h	4.7356	+0.077%	$212.4M	$44.9M	5x	as long as short
BloFin LIT-USDTlong	+0.0338%	4h	4.7320	long leg	$1.6M	$2.0M	75x
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7387	+0.143%	$62K	—	50x	as long as short