Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.115%

Price spread now: BloFin against Coinbase International−0.657%58s7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs+$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.635% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.236%+$124 on $10k

Price spread, last 3 days (all we have)+0.423%+$42 · spread now −0.657%, 7d avg −0.162%

Together, before fees+1.659%+$166 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.495% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.657% now, against its 7-day average of −0.162%). If the spread goes back, that is −$49 on $10k: about 4.5 days of funding at the current rate (+$11 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7197	−0.0152	get 0.0019% / 1h	15m 49s	$668K	$398K	50x
Short	BloFin LIT-USDT	4.6887	0.0216	get 0.0108% / 4h	1h 15m	$1.5M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.657%Rate

Funding earned: $77.36
Price spread: −0.657% → −0.162%: −$49.5
Slippage, 4 orders: −$41.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.6
Costs to cover: 0.635%
Break-even: 10.2 days

Slippage from Coinbase International: live order book, 2 min ago; BloFin: 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 Coinbase International live order book, 2 min ago	10.26 bp	15.3 bp −$15	53.3 bp −$533	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.31 bp	16.5 bp −$17	24.4 bp −$244	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
Gate LIT_USDT	−0.1290%	4h	4.7080	−0.248%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0798%	1h	4.7125	−0.153%	$662K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0630%	1h	4.7104	−0.197%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0624%	4h	4.7027	−0.360%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7008	−0.401%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0511%	4h	4.7070	−0.269%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0472%	4h	4.7091	−0.225%	$25.4M	$62.5M	50x	as long as short
Bullet LIT-USD	−0.0334%	1h	4.7057	−0.298%	$84K	$81K	20x	as long as short
Bybit LITUSDT	−0.0292%	4h	4.7100	−0.206%	$42.5M	$30.2M	75x	as long as short
KuCoin LITUSDTM	−0.0272%	4h	4.7075	−0.259%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0231%	1h	4.6966	−0.489%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0162%	4h	4.6860	−0.714%	$895K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0152%	1h	4.7197	long leg	$668K	$398K	50x
RISEx LIT/USDC	−0.0082%	1h	4.7065	−0.279%	$794K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.6887	−0.657%	$203K	$327K	5x	as long as short
Nado LIT-PERP	−0.0018%	1h	4.7030	−0.353%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	−0.0001%	8h	4.6991	−0.436%	$7K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7052	−0.308%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7112	−0.180%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.786%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7066	−0.278%	$5.5M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.6898	−0.633%	$285K	$311K	10x	as long as short
Binance LITUSDT	+0.0061%	4h	4.7087	−0.233%	$74.8M	$80.9M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7078	−0.253%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7156	−0.087%	$59.4M	$29.8M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7173	−0.051%	$210.6M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7141	−0.119%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7043	−0.326%	$602K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7048	−0.316%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6888	−0.655%	$117K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7130	−0.142%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6930	−0.566%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7061	−0.288%	$445K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7129	−0.145%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7066	−0.278%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7085	−0.238%	$1K	$464K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6991	−0.437%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7070	−0.269%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7181	−0.034%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDTshort	+0.0216%	4h	4.6887	−0.657%	$1.5M	$2.0M	75x
Perpl LIT	+0.0335%	43m	4.7043	−0.327%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0375% / S −0.0169%	1h	4.7107	−0.192%	$62K	—	50x	as long as short