Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.047%

Price spread now: Coinbase International against OKX+1.347%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs+$59as in the Price arb table

costs, in and out, $10k−$640.645% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.734%−$73 on $10k

Price spread, last 3 days (all we have)−0.600%−$60 · spread now +1.347%, 7d avg +0.117%

Together, before fees−1.334%−$133 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 1.230% dearer against OKX than usual: you sell high and buy low: +$123 more if the spread goes back to its 7-day average of +0.117%. Mind the row above: over the last 7 days funding on this pair cost −0.734%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7087	−0.0371	get 0.0185% / 4h	2h 05m	$25.0M	$61.9M	50x
Short	Coinbase International LIT-PERP-INTX	4.7721	−0.0152	pay 0.0019% / 1h	5m 37s	$660K	$404K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +1.347%Rate

Funding earned: $45.97
Price spread: +1.347% → +0.117%: $123
Slippage, 4 orders: −$44.45
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $104.51
Costs to cover: 0.645%
Break-even: from the start

Slippage from OKX: live order book, 3 min ago; Coinbase International: live order book, 18 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 OKX live order book, 3 min ago	0.11 bp	8.3 bp −$8	27.9 bp −$279	doesn't fit	doesn't fit
Sell Coinbase International live order book, 18 min ago	8.70 bp	19.8 bp −$20	59.0 bp −$590	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
Deribit LIT_USDC-PERPETUAL	−0.1231%	1h	4.7134	+0.100%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0732%	4h	4.7110	+0.049%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0620%	4h	4.7064	−0.049%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0603%	4h	4.7130	+0.091%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7033	−0.115%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAPlong	−0.0371%	4h	4.7087	long leg	$25.0M	$61.9M	50x
Bullet LIT-USD	−0.0357%	1h	4.7118	+0.065%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0304%	4h	4.7157	+0.149%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0302%	4h	4.7110	+0.049%	$42.6M	$30.8M	75x	as long as short
Backpack LIT_USDC_PERP	−0.0277%	1h	4.7166	+0.168%	$662K	$1.5M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7220	+0.283%	$896K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0166%	1h	4.7308	+0.469%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0152%	1h	4.7721	+1.347%	$660K	$404K	50x
SoDEX LIT-USD	−0.0064%	1h	4.7135	+0.102%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.348%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0029%	8h	4.7064	−0.049%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7127	+0.085%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7179	+0.195%	$35K	—	150x	as long as short
Nado LIT-PERP	+0.0006%	1h	4.7088	+0.001%	$2.1M	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7138	+0.108%	$791K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0024%	1h	4.7100	+0.028%	$445K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7075	−0.025%	$5.7M	$4.3M	100x	as long as short
Binance LITUSDT	+0.0032%	4h	4.7064	−0.049%	$74.6M	$81.7M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.024%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7229	+0.301%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7103	+0.033%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7173	+0.183%	$59.2M	$30.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7172	+0.181%	$210.2M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7164	+0.164%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7139	+0.110%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7100	+0.028%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.609%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	+0.049%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7170	+0.176%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7177	+0.190%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7143	+0.119%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7220	+0.282%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7080	−0.014%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7135	+0.102%	$31K	$843K	33x	as long as short
BloFin LIT-USDT	+0.0137%	4h	4.7180	+0.198%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7170	+0.176%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0408%	1h	4.7192	+0.223%	$3.7M	$14.3M	5x	as long as short