Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0631%/8h= −69.0% APRpaid last 24h −0.122%

Price spread now: Orderly against dYdX−0.065%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 −$19 a day on $10k at the current rate, and Orderly is 0.065% cheaper against dYdX than usual: you would sell low and buy high (−$7 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	dYdX LIT-USD	4.7145	0	get 0.0000% / 1h	42m 18s	$34K	—	5x
Short	Orderly PERP_LIT_USDC	4.7114	−0.0631	pay 0.0315% / 4h	1h 42m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against dYdX. 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 dYdXbpFee OrderlybpOrdersPrice spread, now −0.065%Rate

Funding earned: −$132.41
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$154.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX 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
Gate LIT_USDT	−0.0988%	4h	4.7160	+0.032%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0760%	1h	4.7182	+0.079%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0666%	1h	4.7174	+0.062%	$663K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0631%	4h	4.7114	−0.065%	$32K	$2K	10x
01 Exchange LITUSD	−0.0544%	1h	4.7110	−0.074%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0540%	4h	4.7140	−0.010%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0422%	4h	4.7166	+0.045%	$25.3M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0349%	1h	4.7167	+0.046%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0303%	4h	4.7180	+0.075%	$42.6M	$30.5M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7202	+0.121%	$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
Aftermath Perps LITUSD	−0.0223%	1h	4.7157	+0.025%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0200%	4h	4.7104	−0.088%	$899K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.223%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7187	+0.090%	$786K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0049%	1h	4.7124	−0.043%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7125	−0.042%	$245K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0002%	8h	4.7119	−0.055%	$6K	$2K	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7145	long leg	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7232	+0.186%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.899%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7137	−0.017%	$5.6M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0054%	4h	4.7112	−0.070%	$287K	$312K	10x	as long as short
Binance LITUSDT	+0.0057%	4h	4.7166	+0.045%	$74.8M	$81.1M	75x	as long as short
SoDEX LIT-USD	+0.0071%	1h	4.7175	+0.064%	$1K	$467K	5x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7174	+0.062%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7197	+0.111%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7230	+0.182%	$210.5M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7214	+0.146%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7159	+0.030%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7164	+0.041%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7055	−0.191%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7190	+0.096%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.031%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7163	+0.039%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7219	+0.158%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7176	+0.066%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7222	+0.164%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7159	+0.030%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0219%	4h	4.7141	−0.008%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7191	+0.098%	$32K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7228	+0.176%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0384%	1h	4.7220	+0.159%	$3.7M	$13.5M	5x	as long as short