Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.046%

Price spread now: Coinbase International against edgeX+0.456%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.867%−$87 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.456%, 7d avg +0.119%

Together, before fees−0.938%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.337% dearer against edgeX than usual: you sell high and buy low (spread +0.456% now, against its 7-day average of +0.119%): +$34 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.867% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LITUSDC	4.7392	0.0086	pay 0.0043% / 4h	26m 34s	$288K	$312K	10x
Short	Coinbase International LIT-PERP-INTX	4.7608	−0.0120	pay 0.0015% / 1h	26m 34s	$673K	$402K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.456%Rate

Funding earned: −$43.36
Price spread: +0.456% → +0.119%: $33.7
Slippage, 4 orders: −$35.34
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from edgeX: live order book, 51 min ago; Coinbase International: live order book, 52 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 edgeX live order book, 51 min ago	5.23 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	10.26 bp	17.7 bp −$18	44.7 bp −$447	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	−0.0852%	4h	4.7470	+0.164%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0580%	4h	4.7442	+0.105%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7374	−0.038%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0486%	1h	4.7505	+0.239%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0402%	4h	4.7426	+0.071%	$25.8M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0349%	4h	4.7480	+0.185%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7401	+0.019%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0202%	4h	4.7455	+0.132%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0120%	1h	4.7608	+0.456%	$673K	$402K	50x
GRVT LIT_USDT_Perp	−0.0108%	4h	4.7364	−0.060%	$900K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7369	−0.049%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0025%	4h	4.7440	+0.101%	$42.7M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7449	+0.119%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7494	+0.214%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7442	+0.105%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7472	+0.167%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7430	+0.080%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.367%	$422	$178K	5.5x	as long as short
edgeX LITUSDClong	+0.0086%	4h	4.7392	long leg	$288K	$312K	10x
MEXC LIT_USDT	+0.0092%	4h	4.7404	+0.025%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7399	+0.014%	$75.5M	$81.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7503	+0.234%	$59.7M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7428	+0.077%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7522	+0.273%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7489	+0.203%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7446	+0.113%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.083%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7430	+0.080%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7561	+0.356%	$675K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	+0.143%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7438	+0.097%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7525	+0.281%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7500	+0.227%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7503	+0.234%	$988	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7451	+0.124%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7436	+0.093%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7457	+0.137%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0182%	1h	4.7478	+0.181%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7549	+0.331%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0209%	1h	4.7510	+0.249%	$213.1M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0332%	4h	4.7457	+0.137%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7521	+0.271%	$62K	—	50x	as long as short