Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.077%

Price spread now: Derive against BloFin+0.179%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Derive

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

The price spread pays, funding is against you. Derive is 0.179% dearer against BloFin than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LIT-USDT	4.7323	0.0116	pay 0.0058% / 4h	2h 37m	$1.5M	$2.0M	75x
Short	Derive LIT-PERP	4.7408	0.0100	get 0.0013% / 1h	37m 02s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against BloFin. 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 BloFinbpFee DerivebpOrdersPrice spread, now +0.179%Rate

Funding earned: −$3.29
Price spread: +0.179% → 0.000%: $17.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$3.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Derive: 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 BloFin live order book, 6 min ago	3.59 bp	17.1 bp −$17	26.0 bp −$260	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.1300%	1h	4.7360	+0.079%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0688%	4h	4.7380	+0.120%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7299	−0.051%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0590%	4h	4.7320	−0.006%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0483%	1h	4.7372	+0.104%	$665K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0419%	4h	4.7350	+0.057%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0375%	1h	4.7363	+0.085%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0322%	4h	4.7389	+0.139%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0310%	4h	4.7340	+0.036%	$42.9M	$30.5M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0303%	4h	4.7341	+0.038%	$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
GRVT LIT_USDT_Perp	−0.0290%	4h	4.7350	+0.057%	$892K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7487	+0.346%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7492	+0.357%	$246K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0049%	1h	4.7368	+0.095%	$981	$489K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7330	+0.015%	$5.2M	$5.1M	25x	as long as short
Paradex LIT-USD-PERP	−0.0033%	8h	4.7322	−0.003%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7475	+0.322%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7422	+0.210%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7378	+0.117%	$815K	$2.0M	5x	as long as short
Bulk LIT-USD	+0.0018%	1h	4.7345	+0.047%	$119K	$6K	10x	as long as short
Nado LIT-PERP	+0.0025%	1h	4.7365	+0.089%	$2.1M	$1.7M	10x	as long as short
Binance LITUSDT	+0.0029%	4h	4.7335	+0.025%	$74.8M	$81.0M	75x	as long as short
MEXC LIT_USDT	+0.0030%	4h	4.7319	−0.008%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0031%	4h	4.7370	+0.100%	$288K	$310K	10x	as long as short
Polymarket Perps LIT-USD	+0.0032%	1h	4.7361	+0.080%	$447K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.515%	$422	$178K	5.5x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7389	+0.140%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7419	+0.203%	$59.4M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7371	+0.101%	$210.6M	$44.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7402	+0.167%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7401	+0.165%	$585K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7345	+0.046%	$117K	$447K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.163%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7390	+0.142%	$56K	$77K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7408	+0.179%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7374	+0.108%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7412	+0.188%	$189K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7402	+0.168%	$31K	$843K	33x	as long as short
BloFin LIT-USDTlong	+0.0116%	4h	4.7323	long leg	$1.5M	$2.0M	75x
Aftermath Perps LITUSD	+0.0169%	1h	4.7414	+0.193%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7447	+0.262%	$3.7M	$14.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7415	+0.195%	$59K	—	50x	as long as short