Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0730%/8h= +79.9% APRpaid last 24h +0.151%

Price spread now: Bulk against Orderly−0.131%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bulk

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. Bulk is 0.131% cheaper against Orderly than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 14 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7247	−0.0630	get 0.0315% / 4h	1h 55m	$32K	$2K	10x
Short	Bulk LIT-USD	4.7185	0.0100	get 0.0013% / 1h	55m 20s	$118K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.131%Rate

Funding earned: $153.2
Price spread: −0.131% → 0.000%: −$13.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $127.08
Costs to cover: 0.130%
Break-even: 1.2 days

Slippage unknown: Orderly: no order-book sample; Bulk: live order book, 28 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 Bulk live order book, 28 min ago	0.74 bp	8.4 bp −$8	18.1 bp −$181	57.0 bp −$5,705	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	−0.1047%	1h	4.7280	+0.070%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0794%	4h	4.7340	+0.197%	$2.8M	$4.4M	50x	as long as short
Orderly PERP_LIT_USDClong	−0.0630%	4h	4.7247	long leg	$32K	$2K	10x
Phemex LITUSDT	−0.0598%	4h	4.7270	+0.049%	$1.3M	$2.8M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0400%	4h	4.7288	+0.087%	$25.2M	$62.3M	50x	as long as short
Bullet LIT-USD	−0.0381%	1h	4.7293	+0.098%	$85K	$81K	20x	as long as short
01 Exchange LITUSD	−0.0328%	1h	4.7279	+0.068%	$33K	$4K	5x	as long as short
Bybit LITUSDT	−0.0300%	4h	4.7330	+0.176%	$42.8M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0292%	4h	4.7311	+0.135%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7290	+0.091%	$899K	$1.9M	10x	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	−0.0207%	1h	4.7288	+0.088%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.004%	$660K	$404K	50x	as long as short
Nado LIT-PERP	−0.0123%	1h	4.7318	+0.151%	$2.1M	$1.7M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7334	+0.184%	$789K	$2.1M	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7306	+0.125%	$246K	$327K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0046%	1h	4.7331	+0.178%	$665K	$1.5M	5x	as long as short
Paradex LIT-USD-PERP	−0.0020%	8h	4.7260	+0.028%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7316	+0.145%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7344	+0.206%	$35K	—	150x	as long as short
edgeX LITUSDC	+0.0032%	4h	4.7254	+0.015%	$287K	$309K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.678%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0040%	4h	4.7292	+0.095%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0041%	4h	4.7281	+0.073%	$75.0M	$81.6M	75x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7296	+0.104%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0091%	1h	4.7310	+0.133%	$55K	$78K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7371	+0.262%	$59.5M	$29.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7409	+0.343%	$211.3M	$45.6M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7382	+0.286%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7323	+0.160%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7296	+0.104%	$116K	$449K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7185	−0.131%	$118K	$5K	10x
Bitget LITUSDT	+0.0100%	4h	4.7320	+0.155%	$6.7M	$2.7M	20x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7342	+0.201%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7335	+0.185%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7323	+0.161%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7305	+0.123%	$1K	$484K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7392	+0.307%	$190K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7273	+0.055%	$5.2M	$5.2M	25x	as long as short
BloFin LIT-USDT	+0.0164%	4h	4.7285	+0.080%	$1.5M	$2.1M	75x	as long as short
Perpl LIT	+0.0335%	43m	4.7364	+0.248%	$31K	$841K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7343	+0.204%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0592%	1h	4.7358	+0.235%	$3.7M	$13.5M	5x	as long as short