Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Bitget against Derive+0.004%50s7-day average — · you sell dearer than you buy

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

Long on Derive Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LIT-PERP	4.6998	0.0100	pay 0.0013% / 1h	11m 28s	$2K	—	6.7x
Short	Bitget LITUSDT	4.7000	0.0100	get 0.0050% / 4h	2h 11m	$6.7M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Derive. 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 DerivebpFee BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → 0.000%: $0.38
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Bitget: live order book, 2 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 Derive no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	3.19 bp	25.4 bp −$25	98.1 bp −$981	doesn't fit	doesn't fit

Derive: 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
01 Exchange LITUSD	−0.0568%	1h	4.6998	0.000%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0445%	4h	4.6972	−0.056%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0370%	1h	4.7008	+0.021%	$84K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0197%	1h	4.6960	−0.081%	$56K	$77K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0182%	1h	4.6979	−0.040%	$41K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0170%	4h	4.6950	−0.103%	$893K	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0133%	4h	4.6940	−0.124%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0112%	4h	4.6993	−0.011%	$5.2M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.6988	−0.022%	$203K	$352K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0099%	4h	4.7037	+0.083%	$25.5M	$62.6M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.822%	$670K	$373K	50x	as long as short
Gate LIT_USDT	−0.0028%	4h	4.7020	+0.046%	$2.8M	$4.3M	50x	as long as short
Bulk LIT-USD	−0.0020%	1h	4.7177	+0.380%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6951	−0.101%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7009	+0.022%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.217%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0037%	4h	4.7018	+0.042%	$41.9M	$29.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.6966	−0.068%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7011	+0.028%	$813K	$2.0M	5x	as long as short
edgeX LITUSDC	+0.0094%	4h	4.7271	+0.581%	$288K	$306K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7027	+0.061%	$58.9M	$29.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6966	−0.070%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7056	+0.123%	$210.5M	$42.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6991	−0.015%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7001	+0.005%	$74.9M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6989	−0.020%	$116K	$447K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6975	−0.049%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7000	+0.004%	$6.7M	$2.6M	20x
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6995	−0.007%	$681K	$1.4M	5x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6996	−0.005%	$444K	$104K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.6998	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7034	+0.076%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6978	−0.043%	$1K	$433K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7269	+0.576%	$190K	$351K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6963	−0.074%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7017	+0.039%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0109%	4h	4.7038	+0.085%	$12.6M	$2.1M	50x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7056	+0.123%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0268%	1h	4.7156	+0.335%	$9K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0200%	1h	4.7011	+0.026%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7026	+0.059%	$31K	$844K	33x	as long as short