Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h +0.059%

Price spread now: Derive against Bybit+0.059%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Derive is 0.059% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LITUSDT	4.7330	0.0043	pay 0.0021% / 4h	9m 58s	$42.6M	$30.2M	75x
Short	Derive LIT-PERP	4.7358	0.0100	get 0.0013% / 1h	9m 58s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.059%Rate

Funding earned: $12.05
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Derive: 3 bp × 2 orders: −$6
Net: $0.93
Costs to cover: 0.170%
Break-even: 6.5 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.06 bp	8.6 bp −$9	46.7 bp −$467	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
Gate LIT_USDT	−0.0820%	4h	4.7350	+0.042%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0782%	1h	4.7322	−0.016%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7243	−0.184%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0543%	4h	4.7264	−0.139%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0350%	1h	4.7314	−0.034%	$85K	$78K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0339%	4h	4.7343	+0.027%	$25.7M	$64.0M	50x	as long as short
Phemex LITUSDT	−0.0304%	4h	4.7310	−0.042%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0170%	4h	4.7343	+0.027%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.588%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7229	−0.213%	$905K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7285	−0.095%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7344	+0.030%	$31K	$853K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7373	+0.091%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.067%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7354	+0.051%	$819K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0031%	8h	4.7284	−0.096%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.500%	$422	$178K	5.5x	as long as short
Bybit LITUSDTlong	+0.0043%	4h	4.7330	long leg	$42.6M	$30.2M	75x
Lighter LIT	+0.0096%	1h	4.7387	+0.120%	$59.2M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7305	−0.053%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7395	+0.138%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7354	+0.051%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7318	−0.025%	$75.5M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7317	−0.027%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−0.030%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7295	−0.074%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7340	+0.021%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7359	+0.061%	$682K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7244	−0.181%	$287K	$309K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7240	−0.190%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7330	0.000%	$447K	$105K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7358	+0.059%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7297	−0.070%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	+0.011%	$994	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7390	+0.127%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7306	−0.051%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7302	−0.059%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0187%	1h	4.7314	−0.035%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7409	+0.167%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0204%	1h	4.7417	+0.184%	$212.6M	$45.1M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7232	−0.207%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7341	+0.024%	$62K	—	50x	as long as short