Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.039%

Price spread now: Bulk against Perpl−0.585%7-day average −0.020% · you buy dearer than you sell

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

Long on Perpl Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+1.090%+$109 · spread now −0.585%, 7d avg −0.020%

Together, before fees+0.957%+ Points / potential airdropPerpl: Active · farm board+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.565% cheaper against Perpl than usual: you would sell low and buy high (spread −0.585% now, against its 7-day average of −0.020%). If the spread goes back, that is −$57 on $10k: about 19 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.132%, 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	Perpl LIT	4.7756	0	get 0.0000% / 43m	30m 58s	$32K	$849K	33x
Short	Bulk LIT-USD	4.7476	0.0100	get 0.0013% / 1h	8m 58s	$119K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.585%Rate

Funding earned: $21
Price spread: −0.585% → −0.020%: −$56.55
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$56.35
Costs to cover: 0.208%
Break-even: 25.8 days

Slippage unknown: Perpl: no order-book sample; Bulk: live order book, 65 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 Bulk live order book, 65 min ago	1.70 bp	9.4 bp −$9	19.6 bp −$196	53.7 bp −$5,370	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	−0.0864%	1h	4.7701	−0.114%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0479%	4h	4.7649	−0.223%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0432%	1h	4.7648	−0.226%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0372%	1h	4.7693	−0.131%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7709	−0.098%	$25.9M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0186%	1h	4.7690	−0.138%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7700	−0.117%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.056%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.208%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.040%	$208K	$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	4.7756	long leg	$32K	$849K	33x
dYdX LIT-USD	+0.0002%	1h	4.7812	+0.118%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7753	−0.005%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.595%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0045%	8h	4.7695	−0.128%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0078%	1h	4.7713	−0.089%	$451K	$104K	10x	as long as short
Nado LIT-PERP	+0.0080%	1h	4.7715	−0.085%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7768	+0.026%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7758	+0.005%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7750	−0.012%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7670	−0.179%	$76.2M	$80.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7690	−0.138%	$42.9M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7719	−0.077%	$118K	$448K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7476	−0.585%	$119K	$1K	10x
Gate LIT_USDT	+0.0100%	4h	4.7690	−0.138%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7658	−0.205%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7730	−0.054%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7730	−0.054%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7637	−0.248%	$290K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7754	−0.004%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7694	−0.129%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7701	−0.115%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7699	−0.119%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7680	−0.159%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7664	−0.191%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7683	−0.153%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7751	−0.011%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7778	+0.047%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0326%	1h	4.7791	+0.074%	$214.6M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7661	−0.198%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0352%	1h	4.7709	−0.098%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0190%	1h	4.7739	−0.035%	$64K	—	50x	as long as short