Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0888%/8h= −97.2% APRpaid last 24h −0.136%

Price spread now: Deribit against Bybit−0.003%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7401	−0.0206	get 0.0103% / 4h	2h 49m	$42.8M	$30.2M	75x
Short	Deribit LIT_USDC-PERPETUAL	4.7400	−0.1094	pay 0.0137% / 1h	49m 51s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$186.47
Price spread: −0.003% → 0.000%: −$0.27
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$204.74
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.05 bp	19.7 bp −$20	61.8 bp −$618	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
Deribit LIT_USDC-PERPETUALshort	−0.1094%	1h	4.7400	−0.003%	$42K	$40K	10x
01 Exchange LITUSD	−0.0664%	1h	4.7321	−0.169%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0608%	1h	4.7424	+0.049%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0572%	4h	4.7345	−0.118%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0461%	4h	4.7360	−0.086%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0458%	4h	4.7420	+0.040%	$2.8M	$4.5M	50x	as long as short
KuCoin LITUSDTM	−0.0326%	4h	4.7454	+0.112%	$5.3M	$1.1M	30x	as long as short
Bullet LIT-USD	−0.0313%	1h	4.7393	−0.017%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0301%	4h	4.7386	−0.032%	$25.1M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.167%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	−0.0212%	1h	4.7406	+0.012%	$2.1M	$1.7M	10x	as long as short
Bybit LITUSDTlong	−0.0206%	4h	4.7401	long leg	$42.8M	$30.2M	75x
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.218%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7377	−0.051%	$5.2M	$5.2M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7466	+0.137%	$246K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0046%	1h	4.7396	−0.011%	$982	$474K	5x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7368	−0.070%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.124%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7444	+0.091%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7431	+0.064%	$814K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.348%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7374	−0.057%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0051%	4h	4.7384	−0.037%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.115%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7364	−0.077%	$148K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0066%	1h	4.7418	+0.036%	$448K	$104K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	−0.008%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7469	+0.143%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7422	+0.044%	$210.7M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7456	+0.116%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7446	+0.095%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7397	−0.008%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7420	+0.040%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7440	+0.082%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7439	+0.080%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7432	+0.065%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.089%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7450	+0.103%	$31K	$842K	33x	as long as short
Aftermath Perps LITUSD	+0.0199%	1h	4.7541	+0.296%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0203%	4h	4.7398	−0.006%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0264%	1h	4.7484	+0.175%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7433	+0.068%	$59K	—	50x	as long as short