Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.155%

Price spread now: Orderly against Derive−0.187%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 Orderly

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 −$15 a day on $10k at the current rate, and Orderly is 0.187% cheaper against Derive than usual: you would sell low and buy high (−$19 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	4.6870	0.0100	pay 0.0013% / 1h	43m 30s	$2K	—	6.7x
Short	Orderly PERP_LIT_USDC	4.6783	−0.0396	pay 0.0198% / 4h	1h 43m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.187%Rate

Funding earned: −$104.12
Price spread: −0.187% → 0.000%: −$18.67
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$134.79
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Derive and Orderly: 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
Orderly PERP_LIT_USDCshort	−0.0396%	4h	4.6783	−0.187%	$32K	$1K	10x
Bullet LIT-USD	−0.0340%	1h	4.6816	−0.116%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.6813	−0.123%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0177%	1h	4.6851	−0.042%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0088%	4h	4.6860	−0.022%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.304%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.151%	$657K	$372K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0020%	4h	4.6816	−0.116%	$25.3M	$61.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0016%	4h	4.6690	−0.385%	$905K	$1.7M	10x	as long as short
KuCoin LITUSDTM	−0.0014%	4h	4.6802	−0.146%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0006%	4h	4.6780	−0.193%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6868	−0.005%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0015%	1h	4.6811	−0.127%	$34K	—	5x	as long as short
ApeX Omni LITUSDT	+0.0022%	1h	4.6800	−0.150%	$56K	$77K	50x	as long as short
Backpack LIT_USDC_PERP	+0.0028%	1h	4.6862	−0.018%	$679K	$1.4M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.495%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6793	−0.165%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	−0.139%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6892	+0.046%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6826	−0.096%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6815	−0.118%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6892	+0.046%	$209.4M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6846	−0.052%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6795	−0.162%	$74.3M	$78.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6801	−0.148%	$41.5M	$28.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6798	−0.155%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6815	−0.118%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6830	−0.086%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6781	−0.191%	$285K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6820	−0.108%	$443K	$104K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.6870	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6808	−0.133%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6835	−0.076%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6874	+0.007%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6783	−0.188%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6822	−0.103%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0136%	1h	4.6885	+0.031%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0175%	4h	4.6874	+0.007%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0260%	1h	4.6804	−0.141%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6784	−0.185%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6861	−0.020%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6831	−0.083%	$31K	$828K	33x	as long as short