Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.201%

Price spread now: Binance against Deribit+0.598%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Binance

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.598% dearer against Deribit than usual: you sell high and buy low: +$60 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	Deribit LIT_USDC-PERPETUAL	4.7150	−0.0244	get 0.0030% / 1h	17m 25s	$41K	$40K	10x
Short	Binance LITUSDT	4.7432	0.0100	get 0.0050% / 4h	1h 17m	$75.5M	$78.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.598%Rate

Funding earned: $72.23
Price spread: +0.598% → 0.000%: $59.76
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $114.99
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 10 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.11 bp	16.2 bp −$16	36.2 bp −$362	doesn't fit	doesn't fit

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
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7096	−0.114%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7479	+0.698%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0244%	1h	4.7150	long leg	$41K	$40K	10x
Bullet LIT-USD	−0.0234%	1h	4.7434	+0.603%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7084	−0.140%	$203K	$341K	5x	as long as short
Gate LIT_USDT	−0.0068%	4h	4.7440	+0.615%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0030%	4h	4.7250	+0.213%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.743%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7458	+0.654%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7521	+0.787%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0027%	1h	4.7030	−0.254%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	+0.0033%	4h	4.7438	+0.611%	$25.6M	$62.4M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.888%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0038%	4h	4.7480	+0.700%	$5.3M	$1.0M	30x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.7140	−0.021%	$909K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0076%	8h	4.7458	+0.654%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7516	+0.777%	$59.2M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7548	+0.845%	$3.7M	$13.3M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7512	+0.768%	$800K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7440	+0.615%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7510	+0.764%	$212.9M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7482	+0.705%	$587K	$1.6M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7432	+0.598%	$75.5M	$78.8M	75x
Bybit LITUSDT	+0.0100%	4h	4.7423	+0.579%	$42.0M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7485	+0.711%	$124K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−0.606%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7428	+0.590%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7460	+0.658%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7313	+0.346%	$696K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7043	−0.227%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7453	+0.643%	$443K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7177	+0.057%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7121	−0.061%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7157	+0.015%	$2K	$403K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7363	+0.452%	$195K	$380K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7459	+0.656%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7134	−0.034%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0165%	1h	4.7088	−0.131%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0210%	4h	4.7575	+0.902%	$12.7M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7044	−0.224%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7175	+0.054%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7467	+0.672%	$32K	$815K	33x	as long as short