Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0363%/8h= +39.7% APRpaid last 24h −0.008%

Price spread now: Aftermath Perps against Perpl−0.265%7-day average +0.046% · you buy dearer than you sell

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

Long on Perpl Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.192%+$19 on $10k

Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.265%, 7d avg +0.046%

Together, before fees+0.453%+ Points / potential airdropPerpl: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.311% cheaper against Perpl than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of +0.046%). If the spread goes back, that is −$31 on $10k: about 2.9 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7811	0	get 0.0000% / 43m	32m 15s	$32K	$853K	33x
Short	Aftermath Perps LITUSD	4.7684	0.0363	get 0.0045% / 1h	10m 15s	$9K	$204K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Perpl. 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 PerplbpFee Aftermath PerpsbpOrdersPrice spread, now −0.265%Rate

Funding earned: $76.2
Price spread: −0.265% → +0.046%: −$31.06
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $22.34
Costs to cover: 0.228%
Break-even: 4.9 days

Slippage unknown: Perpl: no order-book sample; Aftermath Perps: live order book, 64 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 Perpl no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 64 min ago	4.01 bp	27.5 bp −$27	doesn't fit	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.0680%	1h	4.7801	−0.021%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7733	−0.163%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7731	−0.167%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7765	−0.096%	$86K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0198%	4h	4.7802	−0.018%	$26.0M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0161%	1h	4.7740	−0.148%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7776	−0.073%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	−0.059%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.322%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7712	−0.206%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LITlong	0.0000%	43m	4.7811	long leg	$32K	$853K	33x
dYdX LIT-USD	+0.0002%	1h	4.7812	+0.002%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7829	+0.039%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.480%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.7738	−0.152%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0073%	1h	4.7775	−0.075%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0084%	1h	4.7782	−0.060%	$452K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7854	+0.091%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7842	+0.065%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7797	−0.029%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7773	−0.079%	$76.3M	$80.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7780	−0.064%	$43.0M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7790	−0.043%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.700%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7750	−0.127%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7758	−0.110%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7820	+0.019%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7700	−0.232%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7665	−0.305%	$290K	$310K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7834	+0.048%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7760	−0.106%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7779	−0.066%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7699	−0.234%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7770	−0.085%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7760	−0.107%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7758	−0.110%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7808	−0.005%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7846	+0.074%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0337%	1h	4.7866	+0.116%	$214.9M	$43.9M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7658	−0.319%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSDshort	+0.0363%	1h	4.7684	−0.265%	$9K	$204K	10x
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0189%	1h	4.7806	−0.009%	$64K	—	50x	as long as short