Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1045%/8h= −114.4% APRpaid last 24h −0.210%

Price spread now: Deribit against MEXC+0.105%7-day average — · you sell dearer than you buy

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

Long on MEXC 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

The price spread pays, funding is against you. Deribit is 0.105% dearer against MEXC than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.7033	0.0060	pay 0.0030% / 4h	1h 37m	$5.6M	$4.2M	100x
Short	Deribit LIT_USDC-PERPETUAL	4.7082	−0.0985	pay 0.0123% / 1h	37m 53s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$219.37
Price spread: +0.105% → 0.000%: $10.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$219.84
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.11 bp	3.1 bp −$3	51.0 bp −$510	226.4 bp −$22.6K	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 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	−0.1046%	4h	4.7090	+0.121%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0985%	1h	4.7082	+0.105%	$41K	$40K	10x
Backpack LIT_USDC_PERP	−0.0702%	1h	4.7094	+0.130%	$661K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0628%	4h	4.7029	−0.009%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7010	−0.049%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0524%	4h	4.7040	+0.015%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0428%	4h	4.7037	+0.009%	$25.2M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0341%	1h	4.7049	+0.034%	$84K	$80K	20x	as long as short
Bybit LITUSDT	−0.0309%	4h	4.7056	+0.049%	$42.5M	$30.4M	75x	as long as short
KuCoin LITUSDTM	−0.0288%	4h	4.7130	+0.206%	$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	−0.0227%	1h	4.7156	+0.262%	$10K	$202K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0184%	4h	4.7174	+0.301%	$901K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.463%	$660K	$388K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7111	+0.165%	$785K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0039%	1h	4.7043	+0.022%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7231	+0.421%	$245K	$327K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7124	+0.194%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0002%	8h	4.7085	+0.111%	$6K	$2K	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7131	+0.209%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.141%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0044%	1h	4.7065	+0.068%	$1K	$467K	5x	as long as short
edgeX LITUSDC	+0.0057%	4h	4.7200	+0.355%	$287K	$310K	10x	as long as short
MEXC LIT_USDTlong	+0.0060%	4h	4.7033	long leg	$5.6M	$4.2M	100x
Binance LITUSDT	+0.0060%	4h	4.7033	0.000%	$74.6M	$81.1M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7064	+0.066%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7124	+0.193%	$59.2M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7136	+0.219%	$210.1M	$44.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7130	+0.206%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7131	+0.208%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7084	+0.108%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.244%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	+0.100%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7190	+0.334%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7090	+0.121%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7139	+0.226%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7083	+0.106%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7137	+0.221%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7041	+0.017%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0241%	4h	4.7096	+0.134%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7106	+0.155%	$31K	$840K	33x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7148	+0.245%	$3.7M	$13.6M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7115	+0.175%	$59K	—	50x	as long as short