Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h +0.155%

Price spread now: Derive against Orderly+0.227%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 Derive

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 +$17 a day on $10k at the current rate, and Derive is 0.227% dearer against Orderly than usual: you sell high and buy low: +$23 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	−0.0462	get 0.0231% / 4h	2h 32m	$32K	$2K	10x
Short	Derive LIT-PERP	4.7121	0.0100	get 0.0013% / 1h	32m 14s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.227%Rate

Funding earned: $118.03
Price spread: +0.227% → 0.000%: $22.71
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Derive: 3 bp × 2 orders: −$6
Net: $128.74
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Derive: 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 Derive no order-book sample	—	—	—	—	—

Orderly and Derive: 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 41 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
01 Exchange LITUSD	−0.0608%	1h	4.7026	+0.026%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0540%	1h	4.7077	+0.134%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0462%	4h	4.7014	long leg	$32K	$2K	10x
Bullet LIT-USD	−0.0439%	1h	4.7060	+0.099%	$84K	$73K	20x	as long as short
Gate LIT_USDT	−0.0204%	4h	4.7090	+0.162%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0157%	4h	4.7047	+0.070%	$25.6M	$63.7M	50x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7080	+0.140%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0136%	4h	4.7050	+0.077%	$904K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7030	+0.034%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6823	−0.406%	$202K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.414%	$668K	$387K	50x	as long as short
Backpack LIT_USDC_PERP	−0.0076%	1h	4.7076	+0.132%	$679K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7102	+0.188%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7105	+0.194%	$471	—	150x	as long as short
Phemex LITUSDT	+0.0015%	4h	4.7050	+0.077%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.218%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.182%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0035%	8h	4.7032	+0.039%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0076%	1h	4.7078	+0.136%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7133	+0.253%	$788K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7106	+0.196%	$59.0M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7134	+0.255%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7075	+0.130%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7112	+0.208%	$210.8M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7130	+0.247%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7082	+0.145%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7028	+0.029%	$75.0M	$80.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7030	+0.034%	$42.2M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7089	+0.160%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7031	+0.036%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7080	+0.140%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6972	−0.090%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7086	+0.153%	$445K	$104K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7121	+0.227%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7118	+0.221%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7215	+0.428%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7053	+0.083%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7051	+0.078%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0291%	1h	4.7012	−0.004%	$9K	$212K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0198%	1h	4.7093	+0.168%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7112	+0.208%	$31K	$862K	33x	as long as short