Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0558%/8h= −61.1% APRpaid last 24h −0.013%

Price spread now: Backpack against SunX−0.065%7-day average +0.075% · you buy dearer than you sell

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

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now −0.065%, 7d avg +0.075%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Backpack is 0.140% cheaper against SunX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7426	0.0100	pay 0.0050% / 4h	2h 32m	$4K	$1.2M	20x
Short	Backpack LIT_USDC_PERP	4.7395	−0.0458	pay 0.0057% / 1h	32m 57s	$666K	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$117.25
Price spread: −0.065% → +0.075%: −$14.02
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$149.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Backpack: live order book, 1 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 SunX live order book, 11 min ago	500.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.53 bp	6.6 bp −$7	16.7 bp −$167	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
Deribit LIT_USDC-PERPETUAL	−0.1061%	1h	4.7396	−0.063%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0712%	4h	4.7380	−0.097%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0594%	4h	4.7323	−0.217%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7359	−0.141%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERPshort	−0.0458%	1h	4.7395	−0.065%	$666K	$1.5M	5x
Phemex LITUSDT	−0.0446%	4h	4.7360	−0.139%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0387%	1h	4.7368	−0.121%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0308%	4h	4.7405	−0.044%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0304%	4h	4.7340	−0.182%	$891K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0303%	4h	4.7324	−0.215%	$24.9M	$61.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0295%	4h	4.7339	−0.183%	$42.9M	$30.5M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7487	+0.128%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7438	+0.025%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0040%	1h	4.7318	−0.228%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0034%	1h	4.7375	−0.108%	$984	$487K	5x	as long as short
Paradex LIT-USD-PERP	−0.0031%	8h	4.7399	−0.057%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7465	+0.083%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7420	−0.012%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7418	−0.016%	$816K	$2.0M	5x	as long as short
Bulk LIT-USD	+0.0018%	1h	4.7345	−0.170%	$119K	$6K	10x	as long as short
Polymarket Perps LIT-USD	+0.0022%	1h	4.7414	−0.025%	$448K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0026%	4h	4.7321	−0.221%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0026%	4h	4.7309	−0.246%	$74.7M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0029%	4h	4.7317	−0.231%	$288K	$311K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.295%	$422	$178K	5.5x	as long as short
Aevo LIT-PERP	+0.0040%	1h	4.7364	−0.130%	$148K	$44K	3x	as long as short
Nado LIT-PERP	+0.0054%	1h	4.7390	−0.076%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7465	+0.082%	$59.5M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7392	−0.072%	$210.7M	$44.7M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7436	+0.020%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7461	+0.074%	$586K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7407	−0.040%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7420	−0.013%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7400	−0.055%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7429	+0.006%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7426	long leg	$4K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7453	+0.057%	$190K	$329K	30x	as long as short
BloFin LIT-USDT	+0.0106%	4h	4.7380	−0.097%	$1.5M	$2.0M	75x	as long as short
Perpl LIT	+0.0112%	43m	4.7454	+0.059%	$31K	$841K	33x	as long as short
Aftermath Perps LITUSD	+0.0192%	1h	4.7438	+0.025%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0344%	1h	4.7479	+0.112%	$3.7M	$14.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7418	−0.016%	$59K	—	50x	as long as short