Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against Injective−1.328%7-day average +12.179% · you buy dearer than you sell

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)+19.388%+$1,939 · spread now −1.328%, 7d avg +12.179%

Together, before fees+19.553%+$1,955 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 13.507% cheaper against Injective than usual: you would sell low and buy high (spread −1.328% now, against its 7-day average of +12.179%). If the spread goes back, that is −$1,351 on $10k: about 23 months of funding at the current rate (+$2 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	19m 16s	$422	$178K	5.5x
Short	HTX LIT-USDT	4.7402	0.0100	get 0.0050% / 4h	19m 16s	$189K	$343K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −1.328%Rate

Funding earned: $14
Price spread: −1.328% → +12.179%: −$1,350.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1,348.76
Costs to cover: 0.120%
Break-even: 681.4 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 58 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 HTX live order book, 58 min ago	18.91 bp	28.3 bp −$28	152.7 bp −$1,527	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	−0.0826%	4h	4.7360	−1.415%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0557%	4h	4.7336	−1.465%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7341	−1.455%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0467%	1h	4.7400	−1.332%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0370%	4h	4.7412	−1.307%	$25.7M	$63.9M	50x	as long as short
Bullet LIT-USD	−0.0324%	1h	4.7368	−1.399%	$85K	$80K	20x	as long as short
Phemex LITUSDT	−0.0305%	4h	4.7370	−1.395%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0190%	4h	4.7351	−1.434%	$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	−0.0090%	4h	4.7310	−1.520%	$907K	$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	4.7392	−1.349%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7374	−1.386%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7353	−1.430%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7428	−1.274%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7377	−1.380%	$819K	$2.1M	5x	as long as short
Bybit LITUSDT	+0.0015%	4h	4.7410	−1.311%	$42.7M	$30.1M	75x	as long as short
Paradex LIT-USD-PERP	+0.0028%	8h	4.7328	−1.482%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
edgeX LITUSDC	+0.0095%	4h	4.7260	−1.623%	$288K	$310K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7400	−1.332%	$59.6M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−1.488%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7402	−1.328%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7354	−1.427%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7373	−1.389%	$75.5M	$81.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7360	−1.415%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−1.507%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7350	−1.436%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	−1.353%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7373	−1.388%	$682K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7320	−1.499%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7355	−1.426%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7419	−1.292%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7328	−1.482%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7395	−1.343%	$982	$466K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7402	−1.328%	$189K	$343K	30x
Extended LIT-USD	+0.0104%	1h	4.7396	−1.340%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7347	−1.444%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0200%	1h	4.7430	−1.270%	$212.7M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0227%	1h	4.7415	−1.301%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0232%	1h	4.7428	−1.274%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7383	−1.368%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7415	−1.300%	$62K	—	50x	as long as short