Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0482%/8h= −52.8% APRpaid last 24h −0.158%

Price spread now: Orderly against Bulk−0.017%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.6887	0.0100	pay 0.0013% / 1h	54m 03s	$117K	$973	10x
Short	Orderly PERP_LIT_USDC	4.6879	−0.0382	pay 0.0191% / 4h	54m 03s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bulk. 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 BulkbpFee OrderlybpOrdersPrice spread, now −0.017%Rate

Funding earned: −$101.3
Price spread: −0.017% → 0.000%: −$1.71
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$116.01
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 5 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 Bulk live order book, 5 min ago	0.32 bp	5.8 bp −$6	11.8 bp −$118	40.2 bp −$4,024	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	−0.0641%	1h	4.6897	+0.022%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.6848	−0.083%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0382%	4h	4.6879	−0.017%	$32K	$1K	10x
Bullet LIT-USD	−0.0286%	1h	4.6923	+0.077%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.084%	$612K	$404K	50x	as long as short
ApeX Omni LITUSDT	−0.0152%	1h	4.6820	−0.143%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0150%	4h	4.6940	+0.113%	$2.7M	$4.2M	50x	as long as short
Phemex LITUSDT	−0.0103%	4h	4.6890	+0.006%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.6835	−0.111%	$201K	$305K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0059%	1h	4.6911	+0.051%	$664K	$1.4M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0012%	4h	4.6890	+0.006%	$41.6M	$28.5M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6952	+0.139%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0001%	4h	4.6891	+0.009%	$25.2M	$61.6M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6959	+0.153%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0004%	4h	4.6866	−0.045%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.459%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0040%	1h	4.6944	+0.122%	$438K	$109K	10x	as long as short
Paradex LIT-USD-PERP	+0.0057%	8h	4.6887	−0.001%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6927	+0.085%	$783K	$2.1M	5x	as long as short
GRVT LIT_USDT_Perp	+0.0076%	4h	4.6832	−0.117%	$915K	$1.8M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6935	+0.102%	$58.5M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6956	+0.147%	$3.6M	$13.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6880	−0.015%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6941	+0.115%	$209.8M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6909	+0.047%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6877	−0.021%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6916	+0.062%	$122K	$453K	5x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.6887	long leg	$117K	$973	10x
MEXC LIT_USDT	+0.0100%	4h	4.6874	−0.028%	$5.5M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6900	+0.028%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6697	−0.405%	$284K	$303K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6940	+0.114%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6934	+0.100%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6900	+0.028%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6942	+0.117%	$198K	$388K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6878	−0.020%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6874	−0.027%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0154%	1h	4.6882	−0.010%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0209%	4h	4.6979	+0.197%	$12.6M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.6917	+0.065%	$31K	$793K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6836	−0.109%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0419% / S −0.0217%	1h	4.6962	+0.160%	$63K	—	50x	as long as short