Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0427%/8h= +46.8% APRpaid last 24h +0.123%

Price spread now: Bybit against Deribit+0.229%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 Bybit

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 +$13 a day on $10k at the current rate, and Bybit is 0.229% dearer against Deribit than usual: you sell high and buy low: +$23 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	4.7943	−0.0390	get 0.0049% / 1h	14m 44s	$42K	$40K	10x
Short	Bybit LITUSDT	4.8053	0.0038	get 0.0019% / 4h	14m 44s	$41.7M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.229%Rate

Funding earned: $89.77
Price spread: +0.229% → 0.000%: $22.94
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $94.71
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.04 bp	24.1 bp −$24	67.6 bp −$676	535.2 bp −$53.5K	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
Deribit LIT_USDC-PERPETUALlong	−0.0390%	1h	4.7943	long leg	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7870	−0.152%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.341%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7899	−0.092%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0217%	1h	4.7917	−0.054%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0160%	4h	4.8040	+0.202%	$25.8M	$59.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.257%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.215%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8083	+0.293%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7949	+0.013%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.202%	$422	$178K	5.5x	as long as short
Bybit LITUSDTshort	+0.0038%	4h	4.8053	+0.229%	$41.7M	$27.7M	75x
Phoenix LIT	+0.0050%	1h	4.7943	0.000%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8050	+0.224%	$800K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	+0.329%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8097	+0.321%	$59.9M	$26.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7885	−0.121%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8087	+0.300%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8040	+0.202%	$77.0M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	+0.198%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8040	+0.202%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8035	+0.192%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8056	+0.236%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8080	+0.286%	$6.9M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7989	+0.096%	$684K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.181%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7902	−0.086%	$446K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7879	−0.134%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7898	−0.094%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7950	+0.015%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.046%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7920	−0.048%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.346%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8019	+0.159%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7928	−0.032%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.8119	+0.366%	$217.4M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0240%	1h	4.8117	+0.363%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0259%	4h	4.8137	+0.404%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.015%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0375%	1h	4.7868	−0.156%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	+0.027%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7955	+0.025%	$32K	$646K	33x	as long as short