Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.038%

Price spread now: Perpl against MEXC+0.032%46s7-day average +0.028% · you sell dearer than you buy

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

Long on MEXC Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.032%, 7d avg +0.028%

Together, before fees−0.101%+ Points / potential airdropPerpl: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7354	0.0096	pay 0.0048% / 4h	21m 37s	$5.7M	$4.1M	100x
Short	Perpl LIT	4.7369	0	get 0.0000% / 43m	17m 37s	$31K	$840K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against MEXC. 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 MEXCbpFee PerplbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$20.16
Price spread: +0.032% → +0.028%: $0.39
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$37.57
Costs to cover: 0.178%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; Perpl: no order-book sample. 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 MEXC live order book, 1 min ago	0.11 bp	3.4 bp −$3	53.3 bp −$533	296.9 bp −$29.7K	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0842%	4h	4.7400	+0.097%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0569%	4h	4.7306	−0.101%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7369	+0.032%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0476%	1h	4.7378	+0.050%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0385%	4h	4.7374	+0.042%	$25.7M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0337%	4h	4.7370	+0.034%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0333%	1h	4.7363	+0.019%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0204%	4h	4.7325	−0.061%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.537%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	+0.329%	$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	4.7329	−0.053%	$205K	$353K	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7363	+0.019%	$42.6M	$30.1M	75x	as long as short
Perpl LITshort	0.0000%	43m	4.7369	+0.032%	$31K	$840K	33x
dYdX LIT-USD	+0.0001%	1h	4.7394	+0.084%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7403	+0.104%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7396	+0.088%	$818K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0025%	8h	4.7355	+0.002%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.449%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0095%	4h	4.7358	+0.009%	$288K	$310K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7428	+0.156%	$59.6M	$30.0M	5x	as long as short
MEXC LIT_USDTlong	+0.0096%	4h	4.7354	long leg	$5.7M	$4.1M	100x
Nado LIT-PERP	+0.0100%	1h	4.7365	+0.023%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7393	+0.082%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7383	+0.061%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7346	−0.017%	$75.5M	$81.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7375	+0.044%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.002%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.034%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7422	+0.144%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7350	−0.008%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7371	+0.036%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7395	+0.087%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7367	+0.027%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7391	+0.078%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7402	+0.101%	$189K	$343K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7351	−0.006%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7345	−0.020%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0196%	1h	4.7428	+0.156%	$212.7M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0211%	1h	4.7414	+0.126%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7446	+0.194%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0335%	4h	4.7278	−0.160%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7396	+0.089%	$62K	—	50x	as long as short