Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.122%

Price spread now: Deribit against OKX+0.010%46s7-day average — · you sell dearer than you buy

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

Long on OKX 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7145	−0.0422	get 0.0211% / 4h	1h 42m	$25.3M	$62.0M	50x
Short	Deribit LIT_USDC-PERPETUAL	4.7150	−0.0869	pay 0.0109% / 1h	42m 36s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$93.87
Price spread: +0.010% → 0.000%: $1.02
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$109.85
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.11 bp	10.2 bp −$10	25.5 bp −$255	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 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	4.7140	−0.011%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0869%	1h	4.7150	+0.010%	$41K	$40K	10x
Backpack LIT_USDC_PERP	−0.0666%	1h	4.7174	+0.062%	$663K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0631%	4h	4.7093	−0.110%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7110	−0.074%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0540%	4h	4.7140	−0.011%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAPlong	−0.0422%	4h	4.7145	long leg	$25.3M	$62.0M	50x
Bullet LIT-USD	−0.0350%	1h	4.7135	−0.021%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0303%	4h	4.7160	+0.032%	$42.6M	$30.5M	75x	as long as short
KuCoin LITUSDTM	−0.0290%	4h	4.7201	+0.119%	$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	−0.0215%	1h	4.7154	+0.018%	$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	+1.222%	$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-USD	0.0000%	1h	4.7145	0.000%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7202	+0.122%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.898%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7108	−0.078%	$5.6M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0054%	4h	4.7112	−0.071%	$287K	$312K	10x	as long as short
Binance LITUSDT	+0.0057%	4h	4.7130	−0.032%	$74.7M	$81.1M	75x	as long as short
SoDEX LIT-USD	+0.0058%	1h	4.7145	0.000%	$1K	$467K	5x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7136	−0.019%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7197	+0.110%	$59.3M	$29.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7206	+0.128%	$210.4M	$44.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7181	+0.076%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7159	+0.029%	$580K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7164	+0.040%	$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	4.7180	+0.074%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7130	−0.032%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7163	+0.038%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7193	+0.102%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7186	+0.087%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7222	+0.163%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7133	−0.025%	$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	4.7193	+0.101%	$32K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7194	+0.105%	$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