Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.186%

Price spread now: SunX against Deribit−0.102%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 SunX

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. SunX is 0.102% cheaper against Deribit than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 42 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7918	−0.0096	get 0.0012% / 1h	7m 31s	$42K	$40K	10x
Short	SunX LIT-USDT	4.7869	0.0100	get 0.0050% / 4h	1h 07m	$4K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $41.23
Price spread: −0.102% → 0.000%: −$10.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $16
Costs to cover: 0.150%
Break-even: 4.3 days

Slippage unknown: Deribit: no order-book sample; SunX: 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 SunX live order book, 5 min ago	500.00 bp	doesn't fit	doesn't fit	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.289%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7845	−0.152%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7883	−0.073%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0190%	1h	4.7899	−0.040%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0132%	4h	4.7850	−0.142%	$25.7M	$60.6M	50x	as long as short
Deribit LIT_USDC-PERPETUALlong	−0.0096%	1h	4.7918	long leg	$42K	$40K	10x
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7848	−0.145%	$885K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7900	−0.037%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7917	−0.002%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0033%	1h	4.7908	−0.021%	$676K	$942K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.7934	+0.033%	$206K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.255%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0068%	4h	4.7861	−0.119%	$41.5M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7839	−0.165%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7929	+0.023%	$59.6M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7877	−0.085%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7900	−0.038%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7868	−0.104%	$76.6M	$75.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7897	−0.044%	$124K	$445K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7880	−0.079%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7878	−0.083%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7904	−0.029%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7910	−0.017%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7820	−0.203%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7870	−0.100%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7894	−0.050%	$450K	$83K	10x	as long as short
SunX LIT-USDTshort	+0.0100%	4h	4.7869	−0.102%	$4K	$1.1M	20x
SoDEX LIT-USD	+0.0100%	1h	4.7912	−0.013%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7952	+0.071%	$200K	$298K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7880	−0.079%	$1.4M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7895	−0.048%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7837	−0.169%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7896	−0.045%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7912	−0.013%	$811K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0201%	4h	4.7919	+0.002%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0267%	1h	4.7975	+0.119%	$216.4M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7875	−0.090%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7950	+0.067%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0388%	1h	4.7958	+0.084%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7925	+0.015%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7953	+0.072%	$32K	$667K	33x	as long as short