Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0305%/8h= +33.4% APRpaid last 24h +0.092%

Price spread now: BloFin against Injective−1.499%7-day average +11.987% · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 3 days (all we have)+19.296%+$1,930 · spread now −1.499%, 7d avg +11.987%

Together, before fees+19.703%+$1,970 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 13.486% cheaper against Injective than usual: you would sell low and buy high (spread −1.499% now, against its 7-day average of +11.987%). If the spread goes back, that is −$1,349 on $10k: about 5 months of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LIT/USDC PERP	4.8040	0.0033	pay 0.0004% / 1h	24m 39s	$422	$178K	5.5x
Short	BloFin LIT-USDT	4.7320	0.0338	get 0.0169% / 4h	24m 39s	$1.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BloFinbpOrdersPrice spread, now −1.499%Rate

Funding earned: $64.03
Price spread: −1.499% → +11.987%: −$1,348.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,296.55
Costs to cover: 0.120%
Break-even: 148.7 days

Slippage unknown: Injective: no order-book sample; BloFin: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	0.85 bp	10.1 bp −$10	25.9 bp −$259	doesn't fit	doesn't fit

Injective: 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	−0.0856%	4h	4.7290	−1.561%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0798%	1h	4.7359	−1.417%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0577%	4h	4.7311	−1.517%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7287	−1.567%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0400%	4h	4.7261	−1.622%	$25.7M	$63.7M	50x	as long as short
Phemex LITUSDT	−0.0347%	4h	4.7350	−1.436%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0330%	1h	4.7362	−1.412%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0216%	4h	4.7272	−1.599%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	−0.899%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	−1.103%	$903K	$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	−1.397%	$206K	$353K	5x	as long as short
Bybit LITUSDT	−0.0020%	4h	4.7250	−1.644%	$42.6M	$30.0M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7373	−1.388%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7273	−1.596%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7412	−1.307%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7292	−1.557%	$814K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0022%	8h	4.7228	−1.690%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
edgeX LITUSDC	+0.0086%	4h	4.7392	−1.348%	$288K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7301	−1.538%	$5.5M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7239	−1.667%	$75.3M	$81.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7342	−1.453%	$59.5M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7345	−1.447%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7327	−1.484%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7290	−1.562%	$589K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7272	−1.599%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−1.430%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−1.624%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7364	−1.407%	$672K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7460	−1.207%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7375	−1.384%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7394	−1.345%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7337	−1.463%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7374	−1.386%	$982	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7454	−1.220%	$190K	$337K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7235	−1.675%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7342	−1.454%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7332	−1.474%	$3.7M	$13.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0189%	1h	4.7464	−1.199%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0194%	1h	4.7356	−1.423%	$212.4M	$44.9M	5x	as long as short
BloFin LIT-USDTshort	+0.0338%	4h	4.7320	−1.499%	$1.6M	$2.0M	75x
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7387	−1.358%	$62K	—	50x	as long as short