Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.041%

Price spread now: Derive against KuCoin−0.058%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 Derive

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

Funding pays, the price is against you. Derive is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.6759	−0.0020	get 0.0010% / 4h	49m 15s	$5.2M	$1.0M	30x
Short	Derive LIT-PERP	4.6732	0.0100	get 0.0013% / 1h	49m 15s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.058%Rate

Funding earned: $25.2
Price spread: −0.058% → 0.000%: −$5.8
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $1.4
Costs to cover: 0.180%
Break-even: 6.6 days

Slippage unknown: KuCoin: live order book, 4 min ago; Derive: 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, 4 min ago	5.99 bp	29.4 bp −$29	444.4 bp −$4,444	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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
01 Exchange LITUSD	−0.0512%	1h	4.6604	−0.331%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.6641	−0.252%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0279%	1h	4.6696	−0.135%	$84K	$68K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0253%	1h	4.6733	−0.056%	$662K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0221%	1h	4.6714	−0.097%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0204%	4h	4.6720	−0.083%	$2.7M	$4.2M	50x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.189%	$612K	$404K	50x	as long as short
Phemex LITUSDT	−0.0134%	4h	4.6680	−0.169%	$1.3M	$2.8M	20x	as long as short
ApeX Omni LITUSDT	−0.0038%	1h	4.6740	−0.041%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.6719	−0.086%	$201K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0022%	4h	4.6710	−0.105%	$41.2M	$28.6M	75x	as long as short
KuCoin LITUSDTMlong	−0.0020%	4h	4.6759	long leg	$5.2M	$1.0M	30x
OKX LIT-USDT-SWAP	0.0000%	4h	4.6723	−0.077%	$25.1M	$61.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6722	−0.080%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6732	−0.057%	$11K	—	150x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.6684	−0.160%	$436K	$109K	10x	as long as short
Extended LIT-USD	+0.0032%	1h	4.6682	−0.164%	$5.1M	$5.0M	25x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.740%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0040%	1h	4.6645	−0.243%	$2.1M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0060%	8h	4.6646	−0.241%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0072%	4h	4.6863	+0.223%	$908K	$1.7M	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6706	−0.114%	$779K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6750	−0.019%	$58.2M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6769	+0.021%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6779	+0.043%	$209.1M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6668	−0.195%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6691	−0.145%	$74.6M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6682	−0.165%	$122K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6887	+0.274%	$117K	$973	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6687	−0.154%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6730	−0.062%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6866	+0.229%	$286K	$303K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6732	−0.058%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6698	−0.130%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6705	−0.115%	$1K	$390K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6716	−0.092%	$197K	$388K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6682	−0.165%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0163%	1h	4.6814	+0.118%	$8K	$206K	10x	as long as short
Aster LITUSDT	+0.0185%	4h	4.6725	−0.072%	$12.5M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.6690	−0.147%	$31K	$794K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6686	−0.156%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6726	−0.070%	$62K	—	50x	as long as short