Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.076%

Price spread now: BloFin against Derive−0.147%7-day average — · you buy dearer than you sell

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

Long on Derive Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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. BloFin is 0.147% cheaper against Derive than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LIT-PERP	4.8031	0.0100	pay 0.0013% / 1h	40m 08s	$2K	$961	6.7x
Short	BloFin LIT-USDT	4.7960	0.0340	get 0.0170% / 4h	3h 40m	$1.6M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.147%Rate

Funding earned: $50.4
Price spread: −0.147% → 0.000%: −$14.73
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.67
Costs to cover: 0.180%
Break-even: 4.5 days

Slippage unknown: Derive: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.14 bp	15.6 bp −$16	doesn't fit	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 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
GRVT LIT_USDT_Perp	−0.0680%	4h	4.8081	+0.104%	$896K	$2.0M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0603%	1h	4.7918	−0.234%	$42K	$39K	10x	as long as short
01 Exchange LITUSD	−0.0480%	1h	4.7850	−0.376%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7864	−0.347%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	−0.321%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.7936	−0.198%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7948	−0.172%	$25.9M	$59.2M	50x	as long as short
Gate LIT_USDT	−0.0106%	4h	4.7970	−0.127%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDT	−0.0106%	4h	4.7932	−0.206%	$41.7M	$27.4M	75x	as long as short
Phemex LITUSDT	−0.0078%	4h	4.7940	−0.189%	$1.4M	$2.7M	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	−0.0003%	1h	4.7921	−0.227%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8022	−0.019%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7977	−0.112%	$36K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0013%	1h	4.8120	+0.186%	$57K	$75K	50x	as long as short
Phoenix LIT	+0.0017%	1h	4.8150	+0.248%	$207K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.019%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0080%	1h	4.7953	−0.162%	$684K	$987K	5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7963	−0.142%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8011	−0.041%	$59.8M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8034	+0.007%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8032	+0.003%	$217.0M	$38.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8000	−0.064%	$683K	$1.9M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7938	−0.193%	$77.0M	$73.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7990	−0.085%	$127K	$436K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8200	+0.352%	$122K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7917	−0.237%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8043	+0.025%	$5.5M	$923K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7950	−0.168%	$6.8M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8110	+0.164%	$294K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7970	−0.127%	$447K	$85K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.8031	long leg	$2K	$961	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7925	−0.220%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7930	−0.210%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8010	−0.043%	$193K	$313K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7908	−0.255%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7925	−0.220%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8053	+0.045%	$800K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0283%	4h	4.8024	−0.015%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8006	−0.053%	$32K	$632K	33x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7960	−0.147%	$1.6M	$2.3M	75x
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8119	+0.184%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0486%	1h	4.8124	+0.195%	$10K	$201K	10x	as long as short