Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Bitget against dYdX−0.024%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.024% cheaper against dYdX than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.7391	0	get 0.0000% / 1h	0m 44s	$34K	—	5x
Short	Bitget LITUSDT	4.7380	0.0100	get 0.0050% / 4h	3h 00m	$6.8M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → 0.000%: −$2.42
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$3.42
Costs to cover: 0.220%
Break-even: 8.1 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.06 bp	24.7 bp −$25	115.0 bp −$1,150	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0674%	1h	4.7276	−0.244%	$41K	$40K	10x	as long as short
Phemex LITUSDT	−0.0397%	4h	4.7260	−0.277%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.7212	−0.379%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0384%	1h	4.7226	−0.349%	$31K	$5K	5x	as long as short
Bullet LIT-USD	−0.0343%	1h	4.7274	−0.248%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−1.086%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0203%	4h	4.7344	−0.100%	$41.3M	$28.6M	75x	as long as short
ApeX Omni LITUSDT	−0.0143%	1h	4.7170	−0.467%	$56K	$74K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0106%	4h	4.7336	−0.117%	$25.5M	$60.4M	50x	as long as short
KuCoin LITUSDTM	−0.0024%	4h	4.7338	−0.113%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7286	−0.223%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7367	−0.052%	$793K	$2.2M	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7391	long leg	$34K	—	5x
Perpl LIT	0.0000%	43m	4.7317	−0.157%	$31K	$704K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7324	−0.142%	$11K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0010%	4h	4.7206	−0.392%	$909K	$1.8M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.368%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7315	−0.160%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7411	+0.041%	$59.1M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7275	−0.246%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7417	+0.053%	$211.8M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7376	−0.033%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7326	−0.138%	$75.9M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7347	−0.094%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7207	−0.389%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7350	−0.088%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7324	−0.142%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7380	−0.024%	$6.8M	$2.6M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7333	−0.123%	$663K	$1.2M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7216	−0.370%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7293	−0.208%	$445K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7318	−0.155%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7260	−0.277%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7285	−0.225%	$1K	$349K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	−0.290%	$200K	$348K	30x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7421	+0.062%	$3.8M	$13.2M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7331	−0.128%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7245	−0.309%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0234%	4h	4.7417	+0.055%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7260	−0.277%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7324	−0.143%	$65K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0491%	1h	4.7280	−0.235%	$9K	$204K	10x	as long as short