Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: SunX against dYdX−0.246%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 SunX

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. SunX is 0.246% cheaper against dYdX than usual: you would sell low and buy high (spread −0.246% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 8.2 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	4.7493	0	get 0.0000% / 1h	8m 19s	$34K	—	5x
Short	SunX LIT-USDT	4.7376	0.0100	get 0.0050% / 4h	1h 08m	$4K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.246%Rate

Funding earned: $21
Price spread: −0.246% → 0.000%: −$24.63
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.63
Costs to cover: 0.180%
Break-even: 14.2 days

Slippage unknown: dYdX: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	500.11 bp	doesn't fit	doesn't fit	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
Gate LIT_USDT	−0.1176%	4h	4.7420	−0.154%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0930%	1h	4.7386	−0.226%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0651%	1h	4.7487	−0.013%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0629%	4h	4.7339	−0.324%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7335	−0.333%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0508%	4h	4.7370	−0.259%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0470%	4h	4.7387	−0.223%	$25.6M	$63.3M	50x	as long as short
Bullet LIT-USD	−0.0332%	1h	4.7365	−0.269%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0262%	1h	4.7316	−0.373%	$10K	$202K	10x	as long as short
Bybit LITUSDT	−0.0248%	4h	4.7373	−0.253%	$42.7M	$30.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0242%	4h	4.7418	−0.158%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7507	+0.029%	$672K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0134%	4h	4.7261	−0.488%	$900K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7397	−0.203%	$811K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.634%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0006%	1h	4.7373	−0.252%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	−0.0001%	8h	4.7394	−0.209%	$7K	$2K	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7493	long leg	$34K	—	5x
Perpl LIT	0.0000%	43m	4.7390	−0.216%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7441	−0.110%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.152%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7385	−0.227%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7356	−0.288%	$75.2M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0062%	4h	4.7408	−0.179%	$288K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7400	−0.196%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7486	−0.015%	$59.8M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7451	−0.088%	$212.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7463	−0.063%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7475	−0.038%	$615K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7421	−0.152%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.204%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	−0.196%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7280	−0.448%	$55K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7391	−0.215%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7433	−0.125%	$2K	$650	6.7x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7376	−0.246%	$4K	$1.2M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7395	−0.206%	$997	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7518	+0.053%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7375	−0.248%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7516	+0.048%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0225%	4h	4.7391	−0.215%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7424	−0.146%	$62K	—	50x	as long as short