Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.005%

Price spread now: MEXC against Derive−0.097%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 MEXC

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 MEXC is 0.097% cheaper against Derive than usual: you would sell low and buy high (−$10 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	4.7225	0.0100	pay 0.0013% / 1h	45m 13s	$2K	$1K	6.7x
Short	MEXC LIT_USDT	4.7179	0.0036	get 0.0018% / 4h	2h 45m	$5.8M	$4.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$13.44
Price spread: −0.097% → 0.000%: −$9.71
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$33.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	0.11 bp	3.9 bp −$4	48.1 bp −$481	306.5 bp −$30.7K	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	−0.0817%	1h	4.7196	−0.060%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7131	−0.199%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0647%	1h	4.7203	−0.046%	$663K	$1.5M	5x	as long as short
Gate LIT_USDT	−0.0626%	4h	4.7180	−0.095%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0579%	4h	4.7132	−0.197%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0401%	4h	4.7150	−0.158%	$1.3M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0330%	4h	4.7198	−0.057%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0304%	4h	4.7178	−0.099%	$24.9M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0294%	4h	4.7109	−0.246%	$893K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0277%	1h	4.7188	−0.078%	$85K	$81K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0270%	4h	4.7200	−0.053%	$42.7M	$30.4M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7349	+0.262%	$653K	$399K	50x	as long as short
Nado LIT-PERP	−0.0129%	1h	4.7195	−0.063%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0072%	1h	4.7185	−0.084%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0058%	1h	4.7190	−0.074%	$978	$484K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	−0.034%	$244K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7113	−0.237%	$5K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7220	−0.009%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7228	+0.007%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7208	−0.035%	$812K	$2.0M	5x	as long as short
Binance LITUSDT	+0.0033%	4h	4.7185	−0.084%	$74.6M	$80.9M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.726%	$422	$178K	5.5x	as long as short
MEXC LIT_USDTshort	+0.0036%	4h	4.7179	−0.097%	$5.8M	$4.2M	100x
edgeX LITUSDC	+0.0041%	4h	4.7233	+0.017%	$287K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7156	−0.145%	$147K	$44K	3x	as long as short
Polymarket Perps LIT-USD	+0.0075%	1h	4.7209	−0.034%	$446K	$105K	10x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.365%	$119K	$7K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7271	+0.098%	$59.3M	$29.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7186	−0.082%	$209.7M	$44.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7239	+0.030%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7194	−0.065%	$592K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7145	−0.169%	$118K	$445K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	−0.031%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7120	−0.222%	$55K	$77K	50x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7225	long leg	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7221	−0.008%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7233	+0.017%	$188K	$327K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7202	−0.048%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0131%	4h	4.7166	−0.125%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7368	+0.304%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0344%	1h	4.7285	+0.127%	$3.7M	$14.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0387% / S −0.0190%	1h	4.7237	+0.025%	$59K	—	50x	as long as short