Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0935%/8h= +102.4% APRpaid last 24h +0.210%

Price spread now: MEXC against Deribit−0.142%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 MEXC

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. MEXC is 0.142% cheaper against Deribit than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 12 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7131	−0.0875	get 0.0109% / 1h	38m 43s	$41K	$40K	10x
Short	MEXC LIT_USDT	4.7064	0.0060	get 0.0030% / 4h	1h 38m	$5.6M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.142%Rate

Funding earned: $196.43
Price spread: −0.142% → 0.000%: −$14.22
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: $171.21
Costs to cover: 0.110%
Break-even: 0.9 days

Slippage unknown: Deribit: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	0.11 bp	3.8 bp −$4	26.2 bp −$262	183.0 bp −$18.3K	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_USDT	−0.1018%	4h	4.7140	+0.019%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0875%	1h	4.7131	long leg	$41K	$40K	10x
Backpack LIT_USDC_PERP	−0.0689%	1h	4.7159	+0.059%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7085	−0.098%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7085	−0.098%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0520%	4h	4.7100	−0.066%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0427%	4h	4.7076	−0.117%	$25.3M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.7128	−0.006%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0309%	4h	4.7095	−0.076%	$42.6M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7162	+0.066%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0227%	1h	4.7161	+0.064%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.092%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.252%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7184	+0.111%	$786K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.212%	$245K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.7133	+0.005%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7124	−0.014%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7085	−0.098%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7181	+0.107%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.929%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.146%	$287K	$310K	10x	as long as short
MEXC LIT_USDTshort	+0.0060%	4h	4.7064	−0.142%	$5.6M	$4.2M	100x
Binance LITUSDT	+0.0060%	4h	4.7053	−0.165%	$74.6M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7121	−0.021%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0073%	1h	4.7145	+0.030%	$1K	$467K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7148	+0.036%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7151	+0.042%	$210.2M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7154	+0.049%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7131	0.000%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7148	+0.036%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.036%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	−0.045%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.125%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7148	+0.036%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7175	+0.094%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7145	+0.030%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7227	+0.204%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7082	−0.103%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	−0.074%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7178	+0.100%	$32K	$839K	33x	as long as short
Lighter RH LIT	+0.0344%	1h	4.7168	+0.079%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7171	+0.084%	$59K	—	50x	as long as short