Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.024%

Price spread now: Coinbase International against Bybit+0.976%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.845%−$85 on $10k

Price spread, last 3 days (all we have)−0.259%−$26 · spread now +0.976%, 7d avg +0.112%

Together, before fees−1.104%−$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.864% dearer against Bybit than usual: you sell high and buy low: +$86 more if the spread goes back to its 7-day average of +0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.845%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7260	−0.0298	get 0.0149% / 4h	2h 10m	$42.7M	$30.7M	75x
Short	Coinbase International LIT-PERP-INTX	4.7721	−0.0152	pay 0.0019% / 1h	10m 52s	$660K	$404K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.976%Rate

Funding earned: $30.75
Price spread: +0.976% → +0.112%: $86.38
Slippage, 4 orders: −$74.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $22.11
Costs to cover: 0.950%
Break-even: 2.0 days

Slippage from Bybit: live order book, 8 min ago; Coinbase International: live order book, 12 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, 8 min ago	2.10 bp	28.8 bp −$29	66.1 bp −$661	doesn't fit	doesn't fit
Sell Coinbase International live order book, 12 min ago	8.70 bp	19.8 bp −$20	59.0 bp −$590	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	−0.1375%	1h	4.7314	+0.115%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0616%	4h	4.7287	+0.057%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0593%	4h	4.7320	+0.127%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7294	+0.072%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7320	+0.127%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0357%	1h	4.7365	+0.223%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0349%	4h	4.7221	−0.083%	$25.0M	$61.9M	50x	as long as short
Bybit LITUSDTlong	−0.0298%	4h	4.7260	long leg	$42.7M	$30.7M	75x
KuCoin LITUSDTM	−0.0296%	4h	4.7327	+0.142%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7505	+0.518%	$902K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0237%	1h	4.7331	+0.150%	$665K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.7721	+0.976%	$660K	$404K	50x
Aftermath Perps LITUSD	−0.0115%	1h	4.7519	+0.548%	$12K	$200K	10x	as long as short
SoDEX LIT-USD	−0.0064%	1h	4.7320	+0.127%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7633	+0.789%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0022%	8h	4.7334	+0.156%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7419	+0.336%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7414	+0.325%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7416	+0.331%	$816K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0017%	1h	4.7382	+0.258%	$447K	$105K	10x	as long as short
Nado LIT-PERP	+0.0017%	1h	4.7375	+0.244%	$2.1M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.650%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7227	−0.069%	$74.8M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0042%	4h	4.7250	−0.021%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	+0.687%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7307	+0.101%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7371	+0.235%	$59.4M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7370	+0.233%	$211.1M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7350	+0.190%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7425	+0.349%	$585K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7383	+0.260%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.241%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.169%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	+0.719%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7491	+0.489%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7394	+0.284%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7572	+0.660%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7254	−0.012%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7401	+0.299%	$31K	$842K	33x	as long as short
BloFin LIT-USDT	+0.0163%	4h	4.7287	+0.057%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7405	+0.308%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0424%	1h	4.7400	+0.296%	$3.7M	$14.2M	5x	as long as short