Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0519%/8h= +56.8% APRpaid last 24h +0.166%

Price spread now: KuCoin against Deribit−0.090%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.090% cheaper against Deribit than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7373	−0.0659	get 0.0082% / 1h	25m 39s	$42K	$40K	10x
Short	KuCoin LITUSDTM	4.7331	−0.0140	pay 0.0070% / 4h	2h 25m	$5.3M	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.090%Rate

Funding earned: $108.98
Price spread: −0.090% → 0.000%: −$8.95
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $81.03
Costs to cover: 0.190%
Break-even: 1.8 days

Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	8.28 bp	23.4 bp −$23	146.7 bp −$1,467	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 41 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	−0.0659%	1h	4.7373	long leg	$42K	$40K	10x
01 Exchange LITUSD	−0.0632%	1h	4.7313	−0.127%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7314	−0.125%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0461%	1h	4.7382	+0.017%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.387%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.554%	$906K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7367	−0.014%	$25.7M	$63.9M	50x	as long as short
KuCoin LITUSDTMshort	−0.0140%	4h	4.7331	−0.090%	$5.3M	$1.1M	30x
Gate LIT_USDT	−0.0124%	4h	4.7370	−0.007%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7401	+0.058%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0086%	4h	4.7380	+0.014%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.074%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.157%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7372	−0.003%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7428	+0.114%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0014%	4h	4.7340	−0.071%	$42.4M	$29.2M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7333	−0.084%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.407%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0051%	1h	4.7433	+0.126%	$685K	$1.4M	5x	as long as short
SoDEX LIT-USD	+0.0062%	1h	4.7395	+0.046%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7389	+0.032%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7393	+0.041%	$59.3M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7423	+0.105%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7405	+0.067%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7388	+0.031%	$212.1M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7419	+0.097%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7367	−0.014%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7325	−0.102%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7363	−0.022%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7322	−0.108%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	+0.035%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.488%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7415	+0.088%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7417	+0.093%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7431	+0.122%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.330%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7337	−0.077%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7379	+0.012%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7219	−0.326%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7412	+0.082%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7446	+0.154%	$31K	$860K	33x	as long as short