Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0535%/8h= −58.6% APRpaid last 24h −0.188%

Price spread now: Deribit against Binance+0.130%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Deribit is 0.130% dearer against Binance than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7941	0.0100	pay 0.0050% / 4h	2h 00m	$76.9M	$77.9M	75x
Short	Deribit LIT_USDC-PERPETUAL	4.8003	−0.0435	pay 0.0054% / 1h	0m 13s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$112.33
Price spread: +0.130% → 0.000%: $12.97
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$116.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; Deribit: 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 Binance live order book, 12 min ago	0.41 bp	15.4 bp −$15	35.6 bp −$356	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8177	+0.493%	$610K	$370K	50x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0435%	1h	4.8003	+0.130%	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0370%	4h	4.7986	+0.094%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0176%	1h	4.8031	+0.188%	$31K	$3K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0163%	4h	4.7949	+0.017%	$25.7M	$62.4M	50x	as long as short
Bullet LIT-USD	−0.0163%	1h	4.8028	+0.181%	$86K	$66K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.8180	+0.500%	$893K	$1.9M	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8232	+0.607%	$207K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.8075	+0.278%	$802K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8100	+0.332%	$35K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8069	+0.267%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.207%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0074%	4h	4.8050	+0.227%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8052	+0.231%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8036	+0.198%	$59.8M	$28.8M	5x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7970	+0.060%	$1.4M	$2.8M	20x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8067	+0.262%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8120	+0.373%	$617K	$1.7M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.7941	long leg	$76.9M	$77.9M	75x
Bybit LITUSDT	+0.0100%	4h	4.7966	+0.052%	$41.5M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8069	+0.267%	$119K	$466K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7970	+0.060%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8000	+0.123%	$5.9M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7990	+0.102%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7953	+0.025%	$676K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8167	+0.471%	$294K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8340	+0.832%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8050	+0.227%	$451K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8057	+0.241%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8101	+0.334%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7990	+0.102%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8168	+0.473%	$200K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8185	+0.510%	$120K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7992	+0.106%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8016	+0.156%	$150K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.8077	+0.284%	$32K	$689K	33x	as long as short
Aftermath Perps LITUSD	+0.0149%	1h	4.8284	+0.715%	$10K	$219K	10x	as long as short
Lighter RH LIT	+0.0168%	1h	4.8041	+0.209%	$3.6M	$13.5M	5x	as long as short
Aster LITUSDT	+0.0237%	4h	4.8043	+0.212%	$12.9M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0307%	1h	4.8032	+0.190%	$216.6M	$41.6M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8103	+0.338%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8060	+0.249%	$64K	—	50x	as long as short