Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: edgeX against Injective−2.283%7-day average +9.985% · you buy dearer than you sell

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

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+16.917%+$1,692 · spread now −2.283%, 7d avg +9.985%

Together, before fees+16.966%+ Points / potential airdropedgeX: Active · farm board+$1,697 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 12.268% cheaper against Injective than usual: you would sell low and buy high (spread −2.283% now, against its 7-day average of +9.985%). If the spread goes back, that is −$1,227 on $10k: about 20 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.048% in total) that is about years.

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	0m 56s	$422	$178K	5.5x
Short	edgeX LITUSDC	4.6943	0.0100	get 0.0050% / 4h	2h 00m	$286K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −2.283%Rate

Funding earned: $14
Price spread: −2.283% → +9.985%: −$1,226.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1,221.87
Costs to cover: 0.090%
Break-even: 617.9 days

Slippage unknown: Injective: no order-book sample; edgeX: 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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 2 min ago	5.22 bp	10.6 bp −$11	doesn't fit	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 41 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	−0.0488%	1h	4.6971	−2.225%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0421%	4h	4.7011	−2.142%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0301%	1h	4.7072	−2.016%	$85K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−2.263%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−2.186%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	−1.364%	$670K	$370K	50x	as long as short
ApeX Omni LITUSDT	−0.0069%	1h	4.6920	−2.331%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0068%	4h	4.7072	−2.015%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0059%	4h	4.7103	−1.950%	$25.5M	$61.7M	50x	as long as short
Phemex LITUSDT	−0.0055%	4h	4.7060	−2.040%	$1.4M	$2.7M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0012%	4h	4.7090	−1.978%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6979	−2.208%	$34K	—	5x	as long as short
Deribit LIT_USDC-PERPETUAL	0.0000%	1h	4.7074	−2.011%	$41K	$40K	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7089	−1.979%	$11K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
Bulk LIT-USD	+0.0039%	1h	4.6872	−2.431%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0051%	8h	4.6985	−2.196%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7000	−2.165%	$810K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7132	−1.890%	$59.0M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7025	−2.113%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7142	−1.869%	$210.8M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7006	−2.152%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7083	−1.992%	$74.9M	$78.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7087	−1.984%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6982	−2.202%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7078	−2.002%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	−1.936%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7112	−1.932%	$683K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.6943	−2.283%	$286K	$305K	10x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7072	−2.015%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7090	−1.978%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7058	−2.044%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7090	−1.978%	$1K	$415K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7050	−2.061%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7049	−2.063%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7056	−2.048%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0133%	4h	4.7154	−1.845%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7169	−1.813%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0296%	1h	4.7033	−2.097%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0407% / S −0.0202%	1h	4.7083	−1.993%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7091	−1.976%	$31K	$833K	33x	as long as short