Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0785%/8h= +85.9% APRpaid last 24h +0.182%

Price spread now: Aftermath Perps against Orderly+0.181%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aftermath Perps

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

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Aftermath Perps is 0.181% dearer against Orderly than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7131	−0.0389	get 0.0195% / 4h	3h 13m	$32K	$1K	10x
Short	Aftermath Perps LITUSD	4.7216	0.0396	get 0.0049% / 1h	13m 22s	$9K	$204K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now +0.181%Rate

Funding earned: $164.8
Price spread: +0.181% → 0.000%: $18.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $167.93
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: live order book, 41 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 41 min ago	4.02 bp	31.5 bp −$32	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Deribit LIT_USDC-PERPETUAL	−0.0631%	1h	4.7165	+0.072%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0389%	4h	4.7131	long leg	$32K	$1K	10x
01 Exchange LITUSD	−0.0312%	1h	4.7105	−0.055%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.7179	+0.102%	$84K	$67K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.540%	$607K	$357K	50x	as long as short
Phemex LITUSDT	−0.0273%	4h	4.7160	+0.062%	$1.4M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0203%	4h	4.7180	+0.104%	$41.1M	$28.8M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0074%	4h	4.7172	+0.087%	$25.4M	$60.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0053%	1h	4.7170	+0.083%	$56K	$75K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7260	+0.274%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0016%	4h	4.7190	+0.125%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7217	+0.181%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7211	+0.169%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7244	+0.239%	$31K	$738K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7230	+0.210%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.929%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7142	+0.023%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7253	+0.259%	$58.9M	$28.4M	5x	as long as short
Nado LIT-PERP	+0.0099%	1h	4.7177	+0.099%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7263	+0.280%	$211.0M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7214	+0.176%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7161	+0.064%	$75.7M	$78.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7204	+0.155%	$115K	$452K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7220	+0.189%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7160	+0.062%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	+0.274%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7217	+0.182%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7251	+0.254%	$289K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7270	+0.295%	$910K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7180	+0.104%	$444K	$87K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7200	+0.147%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7153	+0.047%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7171	+0.085%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7223	+0.195%	$200K	$358K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.405%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7152	+0.044%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7165	+0.073%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7268	+0.291%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7282	+0.321%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7156	+0.053%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSDshort	+0.0396%	1h	4.7216	+0.181%	$9K	$204K	10x
GMX LIT/USD [ETH-USDC]	L +0.0437% / S −0.0231%	1h	4.7214	+0.176%	$65K	—	50x	as long as short