Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h −0.041%

Price spread now: Deribit against Orderly+0.120%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 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.120% dearer against Orderly than usual: you sell high and buy low: +$12 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	4.7014	−0.0383	get 0.0191% / 4h	1h 15m	$32K	$1K	10x
Short	Deribit LIT_USDC-PERPETUAL	4.7070	−0.0334	pay 0.0042% / 1h	15m 16s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.120%Rate

Funding earned: $10.23
Price spread: +0.120% → 0.000%: $12.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.25
Costs to cover: 0.130%
Break-even: 0.7 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Orderly and 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
Orderly PERP_LIT_USDClong	−0.0383%	4h	4.7014	long leg	$32K	$1K	10x
Deribit LIT_USDC-PERPETUALshort	−0.0334%	1h	4.7070	+0.120%	$41K	$40K	10x
01 Exchange LITUSD	−0.0288%	1h	4.6994	−0.043%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0238%	1h	4.7053	+0.083%	$85K	$68K	20x	as long as short
Phoenix LIT	−0.0085%	1h	4.7480	+0.991%	$204K	$341K	5x	as long as short
Gate LIT_USDT	−0.0078%	4h	4.7100	+0.183%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0029%	4h	4.7360	+0.736%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.456%	$611K	$411K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7078	+0.137%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0006%	1h	4.7061	+0.099%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	+0.0024%	4h	4.7082	+0.145%	$25.3M	$62.1M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.182%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0042%	4h	4.7055	+0.087%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.7008	−0.014%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.7444	+0.915%	$927K	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7061	+0.100%	$58.7M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7076	+0.132%	$3.7M	$13.3M	5x	as long as short
ApeX Omni LITUSDT	+0.0099%	1h	4.7460	+0.949%	$57K	$76K	50x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7050	+0.077%	$791K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7004	−0.021%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7099	+0.181%	$210.5M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7045	+0.065%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7033	+0.040%	$74.9M	$79.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7060	+0.098%	$41.7M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7061	+0.100%	$123K	$454K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6864	−0.319%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7033	+0.040%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7070	+0.119%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7371	+0.759%	$673K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7387	+0.793%	$289K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7052	+0.081%	$439K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7092	+0.166%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7058	+0.094%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7095	+0.172%	$2K	$400K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	+0.917%	$196K	$380K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7073	+0.124%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7067	+0.113%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0169%	1h	4.7166	+0.322%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0225%	4h	4.7127	+0.241%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7419	+0.861%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0415% / S −0.0212%	1h	4.7088	+0.158%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7057	+0.091%	$31K	$816K	33x	as long as short