Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0152%/8hnext payment +$0.19 per $10,000 · paid last 24h +0.038%

Price spread now: Extended against Coinbase International−0.182%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs+$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+1.051%+$105 on $10k

Price spread, last 3 days (all we have)−0.265%−$26 · spread now −0.182%, 7d avg −0.134%

Together, before fees+0.786%+ Points / potential airdropExtended: Active · farm board+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.048% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.182% now, against its 7-day average of −0.134%). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+1.051% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.8039	−0.0048	get 0.0006% / 1h	6m 12s	$663K	$415K	50x
Short	Extended LIT-USD	4.7951	0.0104	get 0.0013% / 1h	6m 12s	$5.4M	$5.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.182%Rate

Funding earned: $31.92
Price spread: −0.182% → −0.134%: −$4.8
Slippage, 4 orders: −$26.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.05
Costs to cover: 0.412%
Break-even: 10.1 days

Slippage from Coinbase International: live order book, 26 min ago; Extended: 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, 26 min ago	7.50 bp	16.3 bp −$16	56.9 bp −$569	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.31 bp	3.8 bp −$4	23.7 bp −$237	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	−0.0845%	1h	4.7967	−0.151%	$32K	$22K	10x	as long as short
01 Exchange LITUSD	−0.0640%	1h	4.7966	−0.152%	$33K	$5K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0485%	4h	4.7928	−0.231%	$33K	$2K	10x	as long as short
Bullet LIT-USD	−0.0447%	1h	4.7993	−0.095%	$87K	$79K	20x	as long as short
Phemex LITUSDT	−0.0444%	4h	4.7950	−0.185%	$1.3M	$2.7M	20x	as long as short
Bybit LITUSDT	−0.0335%	4h	4.7995	−0.091%	$43.7M	$29.7M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0284%	4h	4.7968	−0.148%	$25.6M	$60.5M	50x	as long as short
KuCoin LITUSDTM	−0.0244%	4h	4.7960	−0.164%	$5.3M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0200%	1h	4.7920	−0.248%	$59K	$79K	50x	as long as short
SoDEX LIT-USD	−0.0189%	1h	4.7960	−0.164%	$996	$478K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0154%	4h	4.7970	−0.143%	$2.8M	$4.7M	50x	as long as short
Phoenix LIT	−0.0084%	1h	4.7963	−0.158%	$247K	$280K	5x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0048%	1h	4.8039	long leg	$663K	$415K	50x
GRVT LIT_USDT_Perp	−0.0018%	4h	4.7899	−0.290%	$898K	$1.9M	10x	as long as short
Paradex LIT-USD-PERP	−0.0010%	8h	4.7927	−0.232%	$5K	$1K	5x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.8010	−0.061%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8021	−0.037%	$36K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0038%	1h	4.7760	−0.581%	$419	$125K	5.5x	as long as short
Bulk LIT-USD	+0.0046%	1h	4.7925	−0.238%	$121K	$7K	10x	as long as short
RISEx LIT/USDC	+0.0061%	1h	4.8025	−0.029%	$834K	$2.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0080%	1h	4.7962	−0.159%	$11K	$199K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8037	−0.004%	$59.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0098%	1h	4.7990	−0.102%	$2.1M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7995	−0.091%	$212.9M	$45.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8037	−0.004%	$599K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7948	−0.188%	$75.3M	$80.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7985	−0.112%	$118K	$452K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7945	−0.195%	$6.3M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8030	−0.019%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7982	−0.118%	$671K	$1.5M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7913	−0.262%	$292K	$313K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8021	−0.037%	$453K	$106K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8006	−0.068%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7989	−0.104%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7924	−0.239%	$190K	$328K	30x	as long as short
Extended LIT-USDshort	+0.0104%	1h	4.7951	−0.182%	$5.4M	$5.0M	25x
Aevo LIT-PERP	+0.0104%	1h	4.7902	−0.285%	$150K	$44K	3x	as long as short
Aster LITUSDT	+0.0160%	4h	4.8055	+0.034%	$12.8M	$2.6M	50x	as long as short
Lighter RH LIT	+0.0184%	1h	4.8052	+0.027%	$3.8M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7956	−0.173%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0232%	1h	4.8040	+0.002%	$60K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8034	−0.011%	$32K	$856K	33x	as long as short