Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.039%

Price spread now: KuCoin against Derive−0.107%145s7-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 KuCoin

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 −$1 a day on $10k at the current rate, and KuCoin is 0.107% 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. The two prices were read 145 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive LIT-PERP	4.7808	0.0100	pay 0.0013% / 1h	36m 57s	$2K	—	6.7x
Short	KuCoin LITUSDTM	4.7757	0.0080	get 0.0040% / 4h	1h 36m	$5.4M	$988K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$4.2
Price spread: −0.107% → 0.000%: −$10.7
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; KuCoin: 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 KuCoin live order book, 1 min ago	6.38 bp	27.9 bp −$28	152.1 bp −$1,521	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
Deribit LIT_USDC-PERPETUAL	−0.0510%	1h	4.7736	−0.151%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	−0.098%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7698	−0.230%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.7755	−0.111%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0247%	1h	4.7740	−0.143%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7682	−0.264%	$25.6M	$61.0M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0086%	4h	4.7647	−0.337%	$880K	$2.0M	10x	as long as short
Backpack LIT_USDC_PERP	−0.0081%	1h	4.7747	−0.128%	$673K	$1.1M	5x	as long as short
ApeX Omni LITUSDT	−0.0035%	1h	4.7650	−0.331%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7712	−0.201%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7744	−0.133%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7781	−0.057%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.485%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0075%	4h	4.7701	−0.224%	$41.3M	$28.5M	75x	as long as short
KuCoin LITUSDTMshort	+0.0080%	4h	4.7757	−0.107%	$5.4M	$988K	30x
Phemex LITUSDT	+0.0084%	4h	4.7720	−0.184%	$1.3M	$2.8M	20x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7776	−0.067%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7784	−0.051%	$59.4M	$27.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7769	−0.082%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7815	+0.013%	$767K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7654	−0.323%	$76.3M	$76.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7786	−0.046%	$124K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7600	−0.435%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7760	−0.101%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7660	−0.310%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7760	−0.101%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7705	−0.215%	$292K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7776	−0.067%	$449K	$83K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7808	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7747	−0.128%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7749	−0.124%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7831	+0.048%	$199K	$321K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7649	−0.333%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7731	−0.162%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7800	−0.017%	$32K	$677K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7791	−0.036%	$801K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0193%	1h	4.7744	−0.134%	$9K	$209K	10x	as long as short
Aster LITUSDT	+0.0220%	4h	4.7766	−0.088%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0298%	1h	4.7808	0.000%	$215.6M	$39.6M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7696	−0.235%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0360%	1h	4.7801	−0.015%	$3.7M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7772	−0.077%	$64K	—	50x	as long as short