Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.062%

Price spread now: Gate against Derive−0.246%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 Gate

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 −$3 a day on $10k at the current rate, and Gate is 0.246% cheaper against Derive than usual: you would sell low and buy high (−$25 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	4.6925	0.0100	pay 0.0013% / 1h	56m 40s	$2K	—	6.7x
Short	Gate LIT_USDT	4.6810	−0.0002	pay 0.0001% / 4h	2h 56m	$2.8M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.246%Rate

Funding earned: −$21.42
Price spread: −0.246% → 0.000%: −$24.6
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.02
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	3.20 bp	24.9 bp −$25	73.1 bp −$731	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
01 Exchange LITUSD	−0.0616%	1h	4.6738	−0.399%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0519%	1h	4.6827	−0.210%	$679K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0509%	1h	4.6882	−0.094%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0478%	4h	4.6828	−0.208%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0419%	1h	4.6884	−0.088%	$84K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0270%	1h	4.7020	+0.202%	$56K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0184%	4h	4.6832	−0.199%	$25.4M	$63.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0170%	4h	4.7070	+0.308%	$895K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.6875	−0.107%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.6919	−0.013%	$664K	$385K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0034%	1h	4.7049	+0.263%	$203K	$352K	5x	as long as short
Gate LIT_USDTshort	−0.0002%	4h	4.6810	−0.246%	$2.8M	$4.2M	50x
dYdX LIT-USD	0.0000%	1h	4.6862	−0.135%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6932	+0.013%	$470	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.375%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0040%	8h	4.6806	−0.255%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6834	−0.194%	$780K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6904	−0.046%	$58.7M	$29.1M	5x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.6903	−0.047%	$117K	$1K	10x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6915	−0.022%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6890	−0.076%	$12.5M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6857	−0.146%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6798	−0.272%	$74.9M	$80.1M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6820	−0.225%	$42.1M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6825	−0.214%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6798	−0.272%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6840	−0.182%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6973	+0.100%	$286K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6943	+0.037%	$444K	$104K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.6925	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6915	−0.022%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6851	−0.159%	$1K	$459K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	+0.159%	$188K	$353K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.6850	−0.161%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6787	−0.296%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6871	−0.116%	$147K	—	3x	as long as short
Hyperliquid LIT	+0.0167%	1h	4.6905	−0.044%	$210.3M	$44.1M	5x	as long as short
Aftermath Perps LITUSD	+0.0309%	1h	4.7242	+0.674%	$11K	$207K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6809	−0.248%	$1.6M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0344%	1h	4.6918	−0.016%	$3.7M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0192%	1h	4.6920	−0.011%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6937	+0.025%	$31K	$856K	33x	as long as short