Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.106%

Price spread now: Orderly against Coinbase International−0.433%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Orderly

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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.433% cheaper against Coinbase International than usual: you would sell low and buy high (−$43 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	Coinbase International LIT-PERP-INTX	4.7608	−0.0120	get 0.0015% / 1h	31m 35s	$673K	$402K	50x
Short	Orderly PERP_LIT_USDC	4.7402	−0.0592	pay 0.0296% / 4h	31m 35s	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now −0.433%Rate

Funding earned: −$99.2
Price spread: −0.433% → 0.000%: −$43.33
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$158.53
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 47 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 Coinbase International live order book, 47 min ago	10.26 bp	15.3 bp −$15	53.3 bp −$533	doesn't fit	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
Gate LIT_USDT	−0.0888%	4h	4.7460	−0.312%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0731%	1h	4.7453	−0.326%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0592%	4h	4.7402	−0.433%	$32K	$2K	10x
01 Exchange LITUSD	−0.0560%	1h	4.7396	−0.446%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7435	−0.364%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0377%	4h	4.7430	−0.375%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0337%	1h	4.7445	−0.343%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0214%	4h	4.7480	−0.269%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0120%	1h	4.7608	long leg	$673K	$402K	50x
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7550	−0.122%	$904K	$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
Bybit LITUSDT	−0.0057%	4h	4.7430	−0.375%	$42.7M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7501	−0.225%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7454	−0.324%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7455	−0.322%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7508	−0.210%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7479	−0.272%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0020%	8h	4.7409	−0.418%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.907%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0079%	4h	4.7460	−0.311%	$289K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0082%	4h	4.7409	−0.419%	$5.6M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0086%	4h	4.7408	−0.421%	$75.5M	$81.4M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7419	−0.398%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7504	−0.219%	$59.7M	$29.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7455	−0.322%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7496	−0.236%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7466	−0.299%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7452	−0.328%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.057%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7450	−0.333%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7481	−0.267%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7490	−0.248%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7446	−0.341%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7486	−0.256%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7439	−0.356%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7449	−0.335%	$989	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7480	−0.269%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7427	−0.381%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0133%	1h	4.7541	−0.142%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7517	−0.192%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.7526	−0.173%	$213.1M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0323%	4h	4.7387	−0.465%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7501	−0.226%	$62K	—	50x	as long as short