Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0610%/8h= −66.8% APRpaid last 24h −0.160%

Price spread now: Orderly against Arcus−0.126%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Orderly

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—needs both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Orderly is 0.126% cheaper against Arcus than usual: you would sell low and buy high (−$13 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	Arcus LIT-USD	4.7584	0.0100	pay 0.0013% / 1h	41m 49s	$118K	$455K	5x
Short	Orderly PERP_LIT_USDC	4.7524	−0.0510	pay 0.0255% / 4h	3h 41m	$33K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Arcus. 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 ArcusbpFee OrderlybpOrdersPrice spread, now −0.126%Rate

Funding earned: −$128.1
Price spread: −0.126% → 0.000%: −$12.61
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$151.21
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 32 min ago; Orderly: 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 Arcus live order book, 32 min ago	5.61 bp	8.0 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0735%	1h	4.7572	−0.025%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0510%	4h	4.7524	−0.126%	$33K	$2K	10x
01 Exchange LITUSD	−0.0400%	1h	4.7564	−0.042%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0366%	4h	4.7630	+0.097%	$2.8M	$4.4M	50x	as long as short
Bullet LIT-USD	−0.0324%	1h	4.7577	−0.015%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0249%	4h	4.7636	+0.109%	$25.8M	$64.3M	50x	as long as short
Phemex LITUSDT	−0.0169%	4h	4.7550	−0.071%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0146%	4h	4.7615	+0.065%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7561	−0.047%	$673K	$403K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7328	−0.538%	$205K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0030%	1h	4.7631	+0.099%	$686K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	−0.0028%	1h	4.7370	−0.450%	$56K	$77K	50x	as long as short
Perpl LIT	0.0000%	43m	4.7623	+0.082%	$31K	$860K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7611	+0.058%	$35K	—	150x	as long as short
dYdX LIT-USD	+0.0007%	1h	4.7591	+0.016%	$34K	—	5x	as long as short
GRVT LIT_USDT_Perp	+0.0024%	4h	4.7420	−0.345%	$899K	$1.8M	10x	as long as short
Nado LIT-PERP	+0.0033%	1h	4.7565	−0.040%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.958%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0041%	8h	4.7490	−0.197%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7601	+0.036%	$59.5M	$29.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7700	+0.244%	$12.8M	$2.3M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7537	−0.099%	$590K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7633	+0.103%	$76.0M	$81.3M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7620	+0.076%	$42.9M	$30.0M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7584	long leg	$118K	$455K	5x
Bulk LIT-USD	+0.0100%	1h	4.7141	−0.931%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7604	+0.042%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	+0.055%	$6.8M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7332	−0.531%	$288K	$312K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7600	+0.034%	$450K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7615	+0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7538	−0.097%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7595	+0.023%	$993	$463K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7481	−0.216%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7595	+0.023%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7566	−0.038%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7624	+0.083%	$812K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7630	+0.097%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0218%	1h	4.7667	+0.174%	$213.8M	$44.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0330%	1h	4.7407	−0.372%	$10K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7509	−0.158%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0385% / S −0.0176%	1h	4.7610	+0.054%	$63K	—	50x	as long as short