Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.059%

Price spread now: Bybit against Derive−0.106%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 Bybit

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.106% cheaper against Derive than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LIT-PERP	4.7330	0.0100	pay 0.0013% / 1h	11m 59s	$2K	—	6.7x
Short	Bybit LITUSDT	4.7280	0.0034	get 0.0017% / 4h	11m 59s	$42.6M	$30.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$13.78
Price spread: −0.106% → 0.000%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.34
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	1.06 bp	20.2 bp −$20	61.2 bp −$612	460.8 bp −$46.1K	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
Gate LIT_USDT	−0.0814%	4h	4.7330	0.000%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0665%	1h	4.7294	−0.075%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0544%	4h	4.7230	−0.211%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0536%	1h	4.7171	−0.336%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0347%	4h	4.7281	−0.104%	$25.7M	$63.9M	50x	as long as short
Bullet LIT-USD	−0.0345%	1h	4.7249	−0.171%	$84K	$78K	20x	as long as short
Phemex LITUSDT	−0.0303%	4h	4.7260	−0.148%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0176%	4h	4.7272	−0.123%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.588%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0070%	4h	4.7155	−0.369%	$894K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7376	+0.097%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7245	−0.181%	$32K	$851K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7253	−0.162%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7325	−0.010%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7269	−0.129%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0030%	8h	4.7206	−0.263%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.500%	$422	$178K	5.5x	as long as short
Bybit LITUSDTshort	+0.0034%	4h	4.7280	−0.106%	$42.6M	$30.2M	75x
Lighter LIT	+0.0096%	1h	4.7330	0.000%	$59.2M	$30.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7235	−0.201%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7328	−0.004%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7231	−0.209%	$587K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7251	−0.167%	$75.3M	$82.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7254	−0.161%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7316	−0.030%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7277	−0.112%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7300	−0.063%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7316	−0.030%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7203	−0.269%	$287K	$312K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7220	−0.232%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7246	−0.178%	$446K	$105K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7330	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7219	−0.235%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7289	−0.087%	$981	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7251	−0.167%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7276	−0.114%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7252	−0.164%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0186%	1h	4.7314	−0.033%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0198%	1h	4.7361	+0.065%	$212.4M	$45.0M	5x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7357	+0.057%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7213	−0.247%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7321	−0.019%	$62K	—	50x	as long as short