Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.064%

Price spread now: Polymarket Perps against OKX−0.129%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+1.091%+$109 · spread now −0.129%, 7d avg +0.038%

Together, before fees+1.140%+$114 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.167% cheaper against OKX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.038%). If the spread goes back, that is −$17 on $10k: about 3.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.048% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LIT-USDT-SWAP	4.7179	−0.0079	get 0.0039% / 4h	3h 11m	$25.4M	$60.8M	50x
Short	Polymarket Perps LIT-USD	4.7118	0.0100	get 0.0013% / 1h	11m 53s	$443K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.129%Rate

Funding earned: $37.55
Price spread: −0.129% → +0.038%: −$16.74
Slippage, 4 orders: −$23.14
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.33
Costs to cover: 0.411%
Break-even: 10.8 days

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 41 min ago.

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, 2 min ago	0.11 bp	9.9 bp −$10	26.7 bp −$267	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 41 min ago	5.06 bp	9.9 bp −$10	24.0 bp −$240	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.0619%	1h	4.7157	−0.047%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7098	−0.172%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0352%	4h	4.7150	−0.061%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0320%	1h	4.7051	−0.271%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0312%	1h	4.7122	−0.121%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.641%	$607K	$357K	50x	as long as short
Bybit LITUSDT	−0.0213%	4h	4.7160	−0.040%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAPlong	−0.0079%	4h	4.7179	long leg	$25.4M	$60.8M	50x
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	−0.019%	$56K	$75K	50x	as long as short
KuCoin LITUSDTM	−0.0024%	4h	4.7178	−0.002%	$5.3M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0017%	1h	4.7260	+0.172%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7142	−0.077%	$793K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7191	+0.025%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7166	−0.028%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7197	+0.039%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.825%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7076	−0.219%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7238	+0.125%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7130	−0.103%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7242	+0.134%	$210.9M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7166	−0.028%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7140	−0.083%	$75.6M	$78.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7125	−0.114%	$115K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7176	−0.006%	$118K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7190	+0.023%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7132	−0.100%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	−0.040%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7184	+0.011%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.152%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.193%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USDshort	+0.0100%	1h	4.7118	−0.129%	$443K	$87K	10x
Derive LIT-PERP	+0.0100%	1h	4.7203	+0.051%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7101	−0.165%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7166	−0.028%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.093%	$200K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7141	−0.080%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7140	−0.083%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7244	+0.138%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7226	+0.100%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	−0.049%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0400%	1h	4.7192	+0.027%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7181	+0.005%	$65K	—	50x	as long as short