Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0521%/8h= −57.0% APRpaid last 24h −0.166%

Price spread now: Deribit against KuCoin−0.031%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Deribit

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 −$16 a day on $10k at the current rate, and Deribit is 0.031% cheaper against KuCoin than usual: you would sell low and buy high (−$3 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	KuCoin LITUSDTM	4.7388	−0.0138	get 0.0069% / 4h	2h 26m	$5.3M	$1.1M	30x
Short	Deribit LIT_USDC-PERPETUAL	4.7373	−0.0659	pay 0.0082% / 1h	26m 11s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$109.4
Price spread: −0.031% → 0.000%: −$3.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$131.48
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Deribit: 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 KuCoin live order book, 7 min ago	8.28 bp	34.7 bp −$35	442.4 bp −$4,424	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 41 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-PERPETUALshort	−0.0659%	1h	4.7373	−0.031%	$42K	$40K	10x
01 Exchange LITUSD	−0.0632%	1h	4.7358	−0.063%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7314	−0.156%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0461%	1h	4.7382	−0.013%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.418%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7111	−0.585%	$906K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7415	+0.057%	$25.7M	$64.0M	50x	as long as short
Gate LIT_USDT	−0.0138%	4h	4.7410	+0.046%	$2.8M	$4.3M	50x	as long as short
KuCoin LITUSDTMlong	−0.0138%	4h	4.7388	long leg	$5.3M	$1.1M	30x
Phoenix LIT	−0.0102%	1h	4.7401	+0.027%	$205K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0086%	4h	4.7380	−0.017%	$1.4M	$2.7M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.043%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.188%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7392	+0.008%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7428	+0.084%	$475	—	150x	as long as short
Bybit LITUSDT	+0.0030%	4h	4.7399	+0.023%	$42.4M	$29.2M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.376%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0033%	8h	4.7395	+0.014%	$7K	$2K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0051%	1h	4.7433	+0.095%	$685K	$1.4M	5x	as long as short
SoDEX LIT-USD	+0.0062%	1h	4.7395	+0.015%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7439	+0.109%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7474	+0.181%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7487	+0.209%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7405	+0.036%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7477	+0.187%	$212.5M	$44.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7476	+0.186%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7441	+0.112%	$589K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7377	−0.023%	$75.6M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7414	+0.055%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7373	−0.032%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7420	+0.068%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7142	−0.518%	$287K	$307K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7415	+0.057%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7417	+0.062%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7431	+0.091%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7217	−0.361%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7352	−0.077%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7379	−0.019%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.7219	−0.356%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0404% / S −0.0197%	1h	4.7412	+0.052%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7446	+0.123%	$31K	$860K	33x	as long as short