Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC+0.0881%/8h= +96.5% APRpaid last 24h +0.225%

Price spread now: Perpl against Deribit−0.048%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 Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Perpl is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7533	−0.0769	get 0.0096% / 1h	54m 43s	$42K	$40K	10x
Short	Perpl LIT	4.7510	0.0112	get 0.0010% / 43m	41m 43s	$31K	$843K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.048%Rate

Funding earned: $185
Price spread: −0.048% → 0.000%: −$4.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $159.38
Costs to cover: 0.208%
Break-even: 1.0 days

Slippage unknown: Deribit: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample	—	—	—	—	—

Deribit and Perpl: 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	−0.0769%	1h	4.7533	long leg	$42K	$40K	10x
01 Exchange LITUSD	−0.0728%	1h	4.7407	−0.265%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0563%	4h	4.7468	−0.137%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0501%	1h	4.7544	+0.023%	$668K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0479%	4h	4.7510	−0.048%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0383%	1h	4.7482	−0.107%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0334%	4h	4.7464	−0.145%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0332%	4h	4.7470	−0.132%	$2.8M	$4.5M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0290%	4h	4.7421	−0.235%	$25.2M	$60.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0274%	4h	4.7490	−0.090%	$896K	$1.9M	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	−0.0239%	4h	4.7450	−0.174%	$42.9M	$30.1M	75x	as long as short
SoDEX LIT-USD	−0.0199%	1h	4.7525	−0.017%	$985	$473K	5x	as long as short
Nado LIT-PERP	−0.0184%	1h	4.7474	−0.123%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.934%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.303%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7397	−0.285%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7400	−0.279%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7510	−0.048%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7545	+0.025%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7469	−0.135%	$815K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0013%	1h	4.7500	−0.069%	$449K	$104K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.067%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7420	−0.238%	$74.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7425	−0.227%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7527	−0.013%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7500	−0.070%	$149K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	−0.090%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.198%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7478	−0.115%	$210.9M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7513	−0.041%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7494	−0.081%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7429	−0.219%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7420	−0.238%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7571	+0.081%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7552	+0.040%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	−0.143%	$189K	$331K	30x	as long as short
Perpl LITshort	+0.0112%	43m	4.7510	−0.048%	$31K	$843K	33x
Lighter LIT	+0.0120%	1h	4.7526	−0.015%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0155%	1h	4.7679	+0.308%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7534	+0.002%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	−0.227%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7535	+0.004%	$60K	—	50x	as long as short