Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0131%/8h= −14.3% APRpaid last 24h +0.187%

Price spread now: Gate against Deribit+0.114%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 Gate

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 pays, funding is against you. Gate is 0.114% dearer against Deribit than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7446	−0.0771	get 0.0096% / 1h	35m 01s	$42K	$40K	10x
Short	Gate LIT_USDT	4.7500	−0.0902	pay 0.0451% / 4h	35m 01s	$2.8M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.114%Rate

Funding earned: −$27.48
Price spread: +0.114% → 0.000%: $11.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.1
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	2.11 bp	21.0 bp −$21	59.6 bp −$596	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
Gate LIT_USDTshort	−0.0902%	4h	4.7500	+0.114%	$2.8M	$4.5M	50x
Deribit LIT_USDC-PERPETUALlong	−0.0771%	1h	4.7446	long leg	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0595%	4h	4.7391	−0.116%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7462	+0.034%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0430%	4h	4.7466	+0.042%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0387%	4h	4.7450	+0.008%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0331%	1h	4.7453	+0.015%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0218%	4h	4.7492	+0.097%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.342%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7550	+0.219%	$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	−0.0085%	4h	4.7460	+0.030%	$42.8M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7501	+0.116%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7492	+0.098%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7492	+0.097%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7494	+0.101%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7522	+0.161%	$818K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0016%	8h	4.7470	+0.050%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.252%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0078%	4h	4.7427	−0.040%	$5.6M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0079%	4h	4.7460	+0.030%	$289K	$310K	10x	as long as short
Binance LITUSDT	+0.0083%	4h	4.7425	−0.044%	$75.5M	$81.4M	75x	as long as short
Aftermath Perps LITUSD	+0.0088%	1h	4.7607	+0.339%	$13K	$203K	10x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7424	−0.046%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7512	+0.139%	$59.7M	$29.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7490	+0.093%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7516	+0.148%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7517	+0.150%	$592K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7493	+0.099%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.399%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	+0.114%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7507	+0.129%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7530	+0.177%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7485	+0.082%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7481	+0.074%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7477	+0.065%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7453	+0.015%	$997	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7569	+0.259%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7438	−0.018%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7527	+0.171%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0221%	1h	4.7537	+0.192%	$213.1M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0322%	4h	4.7429	−0.036%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7481	+0.074%	$62K	—	50x	as long as short