Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Bulk against Polymarket Perps−0.204%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Polymarket Perps Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.931%−$93 · spread now −0.204%, 7d avg +0.011%

Together, before fees−0.857%−$86 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.214% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.7288	0.0100	pay 0.0013% / 1h	53m 05s	$442K	$109K	10x
Short	Bulk LIT-USD	4.7192	0.0100	get 0.0013% / 1h	53m 05s	$118K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → +0.011%: −$21.44
Slippage, 4 orders: −$21.13
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$57.57
Costs to cover: 0.361%
Break-even: 118302865844591232.0 days

Slippage from Polymarket Perps: live order book, 64 min ago; Bulk: 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, 64 min ago	4.06 bp	8.1 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bulk live order book, 1 min ago	0.11 bp	5.3 bp −$5	9.6 bp −$96	43.3 bp −$4,331	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
ApeX Omni LITUSDT	−0.0498%	1h	4.7060	−0.482%	$56K	$76K	50x	as long as short
Nado LIT-PERP	−0.0463%	1h	4.7261	−0.056%	$2.2M	$1.7M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0388%	4h	4.7278	−0.021%	$32K	$1K	10x	as long as short
Bybit LITUSDT	−0.0338%	4h	4.7354	+0.140%	$41.5M	$29.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.812%	$613K	$352K	50x	as long as short
Phemex LITUSDT	−0.0274%	4h	4.7390	+0.216%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7272	−0.034%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0206%	1h	4.7288	−0.001%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0200%	1h	4.7327	+0.082%	$42K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.6975	−0.662%	$904K	$1.7M	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	−0.0017%	1h	4.7264	−0.051%	$203K	$299K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0010%	4h	4.7356	+0.144%	$25.5M	$61.7M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7271	−0.036%	$808K	$2.2M	5x	as long as short
KuCoin LITUSDTM	−0.0002%	4h	4.7393	+0.222%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7291	+0.007%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7327	+0.082%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0009%	1h	4.7413	+0.264%	$666K	$1.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0031%	1h	4.7140	−0.312%	$9K	$205K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.590%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0064%	1h	4.7328	+0.084%	$5.2M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0071%	8h	4.7183	−0.221%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7475	+0.395%	$59.3M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7425	+0.290%	$211.7M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7233	−0.116%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7363	+0.159%	$75.9M	$79.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7264	−0.051%	$118K	$451K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7400	+0.237%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7378	+0.190%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7380	+0.195%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6977	−0.657%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7288	long leg	$442K	$109K	10x
Derive LIT-PERP	+0.0100%	1h	4.7353	+0.138%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7335	+0.099%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7337	+0.104%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7335	+0.099%	$200K	$360K	30x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7192	−0.204%	$118K	$8K	10x
Aevo LIT-PERP	+0.0104%	1h	4.7314	+0.055%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7314	+0.054%	$31K	$762K	33x	as long as short
Aster LITUSDT	+0.0248%	4h	4.7389	+0.214%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7370	+0.173%	$1.6M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0352%	1h	4.7466	+0.376%	$3.8M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7339	+0.108%	$65K	—	50x	as long as short