Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.7% APRpaid last 24h −0.054%

Price spread now: Orderly against Bullet−0.051%7-day average — · you buy dearer than you sell

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

Long on Bullet 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 −$2 a day on $10k at the current rate, and Orderly is 0.051% cheaper against Bullet than usual: you would sell low and buy high (−$5 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	Bullet LIT-USD	4.7122	−0.0312	get 0.0039% / 1h	12m 25s	$84K	$67K	20x
Short	Orderly PERP_LIT_USDC	4.7098	−0.0392	pay 0.0196% / 4h	3h 12m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bullet. 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 BulletbpFee OrderlybpOrdersPrice spread, now −0.051%Rate

Funding earned: −$16.7
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; 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 Bullet no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Bullet and 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	−0.0631%	1h	4.7165	+0.091%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0392%	4h	4.7098	−0.051%	$32K	$1K	10x
01 Exchange LITUSD	−0.0320%	1h	4.7051	−0.151%	$33K	$3K	5x	as long as short
Bullet LIT-USDlong	−0.0312%	1h	4.7122	long leg	$84K	$67K	20x
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.521%	$607K	$357K	50x	as long as short
Phemex LITUSDT	−0.0273%	4h	4.7160	+0.081%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0213%	4h	4.7140	+0.038%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0079%	4h	4.7155	+0.070%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	+0.102%	$56K	$75K	50x	as long as short
KuCoin LITUSDTM	−0.0024%	4h	4.7178	+0.119%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7260	+0.293%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7142	+0.044%	$793K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7191	+0.145%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7166	+0.093%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7197	+0.160%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.948%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7076	−0.098%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7201	+0.168%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7130	+0.018%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7196	+0.157%	$210.7M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7166	+0.093%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7124	+0.004%	$75.6M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7125	+0.006%	$115K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	+0.115%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7170	+0.102%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7096	−0.055%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	+0.081%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7189	+0.142%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.274%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.315%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7118	−0.008%	$443K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7200	+0.166%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7153	+0.066%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7171	+0.104%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.214%	$200K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7117	−0.010%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7165	+0.092%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7231	+0.231%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7223	+0.213%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	+0.072%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0400%	1h	4.7192	+0.148%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7181	+0.126%	$65K	—	50x	as long as short