Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.063%

Price spread now: Bulk against Bybit−0.096%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Bybit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.096%, 7d avg +0.036%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.132% cheaper against Bybit than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.036%). If the spread goes back, that is −$13 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.6670	−0.0023	get 0.0012% / 4h	44m 03s	$41.1M	$28.7M	75x
Short	Bulk LIT-USD	4.6625	0.0100	get 0.0013% / 1h	44m 03s	$116K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bybit. 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 BybitbpFee BulkbpOrdersPrice spread, now −0.096%Rate

Funding earned: $25.83
Price spread: −0.096% → +0.036%: −$13.22
Slippage, 4 orders: −$31.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$36.95
Costs to cover: 0.496%
Break-even: 17.0 days

Slippage from Bybit: live order book, 5 min ago; Bulk: live order book, 15 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 Bybit live order book, 5 min ago	1.07 bp	16.3 bp −$16	54.3 bp −$543	doesn't fit	doesn't fit
Sell Bulk live order book, 15 min ago	0.32 bp	7.6 bp −$8	17.5 bp −$175	49.9 bp −$4,993	115.9 bp −$57.9K

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
01 Exchange LITUSD	−0.0504%	1h	4.6630	−0.086%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6632	−0.081%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0347%	1h	4.6693	+0.049%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0231%	1h	4.6671	+0.001%	$84K	$68K	20x	as long as short
Gate LIT_USDT	−0.0214%	4h	4.6760	+0.193%	$2.7M	$4.3M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0205%	1h	4.6727	+0.122%	$660K	$1.4M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.380%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0126%	4h	4.6640	−0.064%	$1.3M	$2.8M	20x	as long as short
ApeX Omni LITUSDT	−0.0052%	1h	4.6640	−0.064%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.6719	+0.105%	$201K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended LIT-USD	−0.0032%	1h	4.6643	−0.059%	$5.1M	$5.0M	25x	as long as short
Nado LIT-PERP	−0.0031%	1h	4.6681	+0.022%	$2.1M	$1.7M	10x	as long as short
Bybit LITUSDTlong	−0.0023%	4h	4.6670	long leg	$41.1M	$28.7M	75x
KuCoin LITUSDTM	−0.0018%	4h	4.6698	+0.060%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0005%	4h	4.6671	+0.002%	$25.1M	$61.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.020%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6718	+0.102%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.936%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0062%	4h	4.6701	+0.065%	$904K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0064%	8h	4.6641	−0.062%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6703	+0.071%	$779K	$2.1M	5x	as long as short
Polymarket Perps LIT-USD	+0.0088%	1h	4.6680	+0.021%	$436K	$109K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6729	+0.126%	$58.2M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6736	+0.141%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6753	+0.178%	$209.1M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6665	−0.011%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6652	−0.039%	$74.6M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6734	+0.137%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6659	−0.024%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6670	0.000%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6650	−0.042%	$284K	$305K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6718	+0.102%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6689	+0.041%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6685	+0.032%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	+0.099%	$197K	$388K	30x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.6625	−0.096%	$116K	$1K	10x
Aevo LIT-PERP	+0.0104%	1h	4.6677	+0.014%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0184%	4h	4.6717	+0.101%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0193%	1h	4.6742	+0.154%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6713	+0.093%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6671	+0.002%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6712	+0.090%	$62K	—	50x	as long as short