Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.057%

Price spread now: SoDEX against Bybit+0.048%7-day average −0.021% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$10 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.048%, 7d avg −0.021%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7803	0.0040	pay 0.0020% / 4h	1h 00m	$41.4M	$28.0M	75x
Short	SoDEX LIT-USD	4.7826	0.0100	get 0.0013% / 1h	0m 07s	$1K	$333K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $12.52
Price spread: +0.048% → −0.021%: $6.94
Slippage, 4 orders: −$60.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$60.35
Costs to cover: 0.798%
Break-even: 40.7 days

Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 43 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, 4 min ago	1.05 bp	20.9 bp −$21	62.4 bp −$624	doesn't fit	doesn't fit
Sell SoDEX live order book, 43 min ago	0.10 bp	19.8 bp −$20	49.5 bp −$495	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	−0.0534%	1h	4.7817	+0.029%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.049%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7759	−0.092%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7774	−0.061%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0197%	1h	4.7818	+0.031%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0138%	4h	4.7824	+0.044%	$25.7M	$60.4M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7810	+0.015%	$884K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7790	−0.026%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7867	+0.135%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7845	+0.088%	$205K	$301K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.496%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0036%	1h	4.7846	+0.090%	$675K	$941K	5x	as long as short
Bybit LITUSDTlong	+0.0040%	4h	4.7803	long leg	$41.4M	$28.0M	75x
Paradex LIT-USD-PERP	+0.0094%	8h	4.7799	−0.008%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7898	+0.199%	$59.6M	$27.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7796	−0.016%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7787	−0.034%	$768K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7821	+0.038%	$76.6M	$75.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7830	+0.056%	$124K	$444K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	−0.129%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7850	+0.098%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7811	+0.017%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7874	+0.149%	$5.5M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7850	+0.098%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7795	−0.017%	$292K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7890	+0.182%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7821	+0.038%	$449K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	+0.071%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7774	−0.061%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USDshort	+0.0100%	1h	4.7826	+0.048%	$1K	$333K	5x
HTX LIT-USDT	+0.0100%	4h	4.7861	+0.121%	$199K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7810	+0.015%	$1.4M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7802	−0.002%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7804	+0.002%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7843	+0.085%	$797K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0188%	4h	4.7858	+0.116%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0277%	1h	4.7914	+0.232%	$216.2M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7763	−0.084%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7914	+0.232%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0424%	1h	4.7860	+0.119%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7858	+0.115%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7861	+0.121%	$32K	$664K	33x	as long as short