Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC−0.0626%/8h= −68.5% APRpaid last 24h −0.147%

Price spread now: Bullet against Perpl−0.097%7-day average — · you buy dearer than you sell

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

Long on Perpl Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bullet is 0.097% cheaper against Perpl than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.6994	0.0335	pay 0.0030% / 43m	34m 58s	$31K	$770K	33x
Short	Bullet LIT-USD	4.6949	−0.0291	pay 0.0036% / 1h	20m 58s	$84K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Perpl. 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 PerplbpFee BulletbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$131.37
Price spread: −0.097% → 0.000%: −$9.66
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$162.83
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; Bullet: 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 Perpl no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

Perpl and Bullet: 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	−0.0671%	1h	4.6951	−0.092%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0408%	1h	4.6938	−0.120%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6893	−0.216%	$32K	$1K	10x	as long as short
Bullet LIT-USDshort	−0.0291%	1h	4.6949	−0.097%	$84K	$68K	20x
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.193%	$613K	$399K	50x	as long as short
Gate LIT_USDT	−0.0158%	4h	4.6960	−0.073%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0086%	4h	4.6940	−0.116%	$41.2M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0054%	4h	4.6950	−0.095%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.7025	+0.065%	$202K	$305K	5x	as long as short
Extended LIT-USD	−0.0024%	1h	4.6933	−0.132%	$5.1M	$5.0M	25x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7012	+0.036%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6992	−0.006%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0009%	4h	4.6953	−0.088%	$25.2M	$61.2M	50x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.6976	−0.039%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.225%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0067%	1h	4.6958	−0.078%	$439K	$109K	10x	as long as short
Backpack LIT_USDC_PERP	+0.0069%	1h	4.6977	−0.037%	$657K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.6927	−0.143%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6973	−0.047%	$789K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0075%	1h	4.6955	−0.084%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7013	+0.039%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7029	+0.073%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7027	+0.069%	$210.3M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6970	−0.052%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6953	−0.088%	$75.1M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6968	−0.056%	$117K	$457K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.212%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6919	−0.161%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6950	−0.095%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6919	−0.161%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6947	−0.102%	$906K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6950	−0.095%	$56K	$76K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6981	−0.029%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6982	−0.027%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6955	−0.084%	$1K	$380K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7024	+0.063%	$199K	$368K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6941	−0.113%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0223%	4h	4.7033	+0.082%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0272%	1h	4.6952	−0.090%	$10K	$206K	10x	as long as short
Perpl LITlong	+0.0335%	43m	4.6994	long leg	$31K	$770K	33x
BloFin LIT-USDT	+0.0340%	4h	4.6927	−0.144%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.6987	−0.015%	$65K	—	50x	as long as short