Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.047%

Price spread now: Pacifica against Perpl−0.048%7-day average +0.023% · you buy dearer than you sell

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

Long on Perpl Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.156%+$16 · spread now −0.048%, 7d avg +0.023%

Together, before fees+0.232%+ Points / potential airdropPerpl: Active · Pacifica: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.071% cheaper against Perpl than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.023%). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.077% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7345	0	get 0.0000% / 43m	40m 30s	$31K	$854K	33x
Short	Pacifica LIT	4.7323	0.0100	get 0.0013% / 1h	1m 30s	$589K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.048%Rate

Funding earned: $21
Price spread: −0.048% → +0.023%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$7.89
Costs to cover: 0.218%
Break-even: 9.6 days

Slippage unknown: Perpl: no order-book sample; Pacifica: live order book, 3 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 Pacifica live order book, 3 min ago	2.22 bp	9.3 bp −$9	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	−0.0849%	1h	4.7262	−0.176%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0818%	4h	4.7350	+0.010%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7233	−0.238%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0538%	4h	4.7199	−0.309%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0384%	1h	4.7297	−0.102%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0324%	4h	4.7316	−0.062%	$25.7M	$64.1M	50x	as long as short
Phemex LITUSDT	−0.0312%	4h	4.7260	−0.181%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7279	−0.140%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7241	−0.220%	$668K	$400K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.075%	$906K	$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	4.7276	−0.147%	$205K	$353K	5x	as long as short
Perpl LITlong	0.0000%	43m	4.7345	long leg	$31K	$854K	33x
dYdX LIT-USD	0.0000%	1h	4.7343	−0.004%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7321	−0.051%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7344	−0.002%	$797K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0025%	8h	4.7258	−0.185%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.467%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.7320	−0.054%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0063%	1h	4.7313	−0.069%	$681K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7362	+0.035%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−0.043%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7342	−0.008%	$12.7M	$2.4M	50x	as long as short
Pacifica LITshort	+0.0100%	1h	4.7323	−0.048%	$589K	$1.7M	10x
Binance LITUSDT	+0.0100%	4h	4.7293	−0.111%	$75.4M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7324	−0.045%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.116%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7289	−0.119%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7330	−0.033%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	−0.041%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	−0.033%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7322	−0.050%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7301	−0.095%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7212	−0.282%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7274	−0.151%	$1K	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7317	−0.060%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7316	−0.063%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7265	−0.170%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7370	+0.052%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0185%	1h	4.7401	+0.117%	$212.6M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0204%	1h	4.7376	+0.064%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7250	−0.202%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7306	−0.083%	$63K	—	50x	as long as short