Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.097%

Price spread now: BloFin against Polymarket Perps−0.196%45s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.476% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.495%+$50 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.196%, 7d avg −0.030%

Together, before fees+0.488%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.166% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.030%). If the spread goes back, that is −$17 on $10k: about 2.4 days of funding at the current rate (+$7 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.7371	0.0100	pay 0.0013% / 1h	21m 36s	$448K	$105K	10x
Short	BloFin LIT-USDT	4.7278	0.0335	get 0.0167% / 4h	21m 36s	$1.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now −0.196%Rate

Funding earned: $49.34
Price spread: −0.196% → −0.030%: −$16.6
Slippage, 4 orders: −$27.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.88
Costs to cover: 0.476%
Break-even: 9.1 days

Slippage from Polymarket Perps: live order book, 56 min ago; BloFin: live order book, 1 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 Polymarket Perps live order book, 56 min ago	3.20 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	0.11 bp	16.0 bp −$16	doesn't fit	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
Gate LIT_USDT	−0.0842%	4h	4.7400	+0.061%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0569%	4h	4.7306	−0.137%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7369	−0.004%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0476%	1h	4.7378	+0.014%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0385%	4h	4.7374	+0.006%	$25.7M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0337%	4h	4.7370	−0.002%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0333%	1h	4.7363	−0.017%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0204%	4h	4.7325	−0.097%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.501%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	+0.293%	$903K	$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	4.7329	−0.089%	$205K	$353K	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7363	−0.017%	$42.6M	$30.1M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7369	−0.004%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7394	+0.048%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7403	+0.068%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7396	+0.052%	$818K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0025%	8h	4.7355	−0.034%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.412%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0095%	4h	4.7358	−0.026%	$288K	$310K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7428	+0.120%	$59.6M	$30.0M	5x	as long as short
MEXC LIT_USDT	+0.0096%	4h	4.7354	−0.036%	$5.7M	$4.1M	100x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7365	−0.013%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7393	+0.046%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7383	+0.025%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7346	−0.053%	$75.5M	$81.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7375	+0.008%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.038%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	−0.002%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7422	+0.108%	$673K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7350	−0.044%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7371	long leg	$448K	$105K	10x
Derive LIT-PERP	+0.0100%	1h	4.7395	+0.051%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7367	−0.008%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7391	+0.042%	$984	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7402	+0.065%	$189K	$343K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7351	−0.042%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7345	−0.055%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0196%	1h	4.7428	+0.120%	$212.7M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0211%	1h	4.7414	+0.090%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0216%	1h	4.7446	+0.158%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDTshort	+0.0335%	4h	4.7278	−0.196%	$1.6M	$2.0M	75x
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7396	+0.053%	$62K	—	50x	as long as short