Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: MEXC against dYdX−0.097%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 MEXC

What this pair did over the last

the charts below follow

Funding, last 5 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. MEXC is 0.097% cheaper against dYdX than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 days 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	4.7012	0	get 0.0000% / 1h	15m 49s	$34K	—	5x
Short	MEXC LIT_USDT	4.6966	0.0100	get 0.0050% / 4h	15m 49s	$5.6M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.097%Rate

Funding earned: $21
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$2.69
Costs to cover: 0.140%
Break-even: 7.9 days

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.11 bp	3.9 bp −$4	53.8 bp −$538	312.2 bp −$31.2K	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
01 Exchange LITUSD	−0.0400%	1h	4.6958	−0.114%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6956	−0.118%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0286%	1h	4.6988	−0.049%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.229%	$613K	$388K	50x	as long as short
Gate LIT_USDT	−0.0132%	4h	4.6990	−0.046%	$2.7M	$4.3M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0120%	1h	4.7017	+0.011%	$41K	$40K	10x	as long as short
Bybit LITUSDT	−0.0080%	4h	4.6943	−0.146%	$41.2M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0077%	4h	4.6970	−0.088%	$1.3M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6998	−0.029%	$202K	$305K	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7012	long leg	$34K	—	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7033	+0.045%	$11K	—	150x	as long as short
Extended LIT-USD	+0.0016%	1h	4.6942	−0.147%	$5.1M	$5.0M	25x	as long as short
OKX LIT-USDT-SWAP	+0.0020%	4h	4.6946	−0.139%	$25.2M	$61.0M	50x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.6991	−0.044%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.188%	$422	$178K	5.5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7013	+0.003%	$792K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.6928	−0.178%	$6K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0079%	1h	4.6985	−0.056%	$439K	$109K	10x	as long as short
Nado LIT-PERP	+0.0091%	1h	4.6965	−0.099%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0095%	1h	4.6920	−0.195%	$56K	$76K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.6999	−0.027%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7053	+0.088%	$3.7M	$13.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7055	+0.092%	$210.3M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6968	−0.093%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6942	−0.147%	$75.2M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7001	−0.022%	$117K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.248%	$117K	$1K	10x	as long as short
MEXC LIT_USDTshort	+0.0100%	4h	4.6966	−0.097%	$5.6M	$3.9M	100x
Bitget LITUSDT	+0.0100%	4h	4.6990	−0.046%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7027	+0.033%	$658K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6928	−0.177%	$287K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6970	−0.088%	$906K	$1.7M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7030	+0.040%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6995	−0.035%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7015	+0.007%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7051	+0.084%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6981	−0.064%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7033	+0.046%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0262%	1h	4.6977	−0.073%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7023	+0.025%	$31K	$761K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7010	−0.003%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7023	+0.025%	$65K	—	50x	as long as short