Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0591%/8h= +64.8% APRpaid last 24h +0.117%

Price spread now: OKX against Deribit−0.120%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 OKX

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. OKX is 0.120% cheaper against Deribit than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7721	−0.0790	get 0.0099% / 1h	13m 44s	$42K	$40K	10x
Short	OKX LIT-USDT-SWAP	4.7664	−0.0199	pay 0.0099% / 4h	3h 13m	$25.9M	$63.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $124.21
Price spread: −0.120% → 0.000%: −$11.97
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $95.24
Costs to cover: 0.170%
Break-even: 1.6 days

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.10 bp	9.1 bp −$9	23.3 bp −$233	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
Deribit LIT_USDC-PERPETUALlong	−0.0790%	1h	4.7721	long leg	$42K	$40K	10x
Orderly PERP_LIT_USDC	−0.0481%	4h	4.7645	−0.159%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7639	−0.172%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0348%	1h	4.7678	−0.090%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0199%	4h	4.7664	−0.120%	$25.9M	$63.6M	50x
ApeX Omni LITUSDT	−0.0190%	1h	4.7640	−0.170%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0134%	4h	4.7677	−0.092%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.129%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7630	−0.191%	$911K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7641	−0.168%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7700	−0.045%	$32K	$852K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7680	−0.085%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7754	+0.070%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.668%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0048%	8h	4.7648	−0.152%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0054%	1h	4.7630	−0.191%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0093%	1h	4.7686	−0.074%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7725	+0.008%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7772	+0.107%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7697	−0.051%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7652	−0.145%	$76.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7663	−0.122%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7686	−0.074%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.513%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7710	−0.023%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7656	−0.136%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7700	−0.044%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7768	+0.098%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7595	−0.264%	$290K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7762	+0.087%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7686	−0.074%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7720	−0.002%	$989	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7716	−0.011%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7700	−0.044%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7640	−0.171%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7727	+0.011%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7703	−0.038%	$798K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7759	+0.079%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7722	+0.002%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0342%	1h	4.7772	+0.107%	$214.5M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0392%	1h	4.7639	−0.173%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0188%	1h	4.7723	+0.004%	$64K	—	50x	as long as short