Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.131%

Price spread now: Injective against Orderly+1.474%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 Injective

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 +$19 a day on $10k at the current rate, and Injective is 1.474% dearer against Orderly than usual: you sell high and buy low: +$147 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	4.7342	−0.0591	get 0.0295% / 4h	31m 14s	$32K	$2K	10x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	31m 14s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.474%Rate

Funding earned: $131.08
Price spread: +1.474% → 0.000%: $147.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $272.49
Costs to cover: 0.060%
Break-even: from the start

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

Orderly and Injective: 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
Gate LIT_USDT	−0.0888%	4h	4.7420	+0.165%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0836%	1h	4.7384	+0.089%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0591%	4h	4.7342	long leg	$32K	$2K	10x
01 Exchange LITUSD	−0.0560%	1h	4.7381	+0.082%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0419%	4h	4.7400	+0.123%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDT	−0.0375%	4h	4.7350	+0.017%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0339%	1h	4.7397	+0.116%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0214%	4h	4.7442	+0.211%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7608	+0.563%	$673K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0112%	4h	4.7390	+0.101%	$901K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0057%	4h	4.7400	+0.123%	$42.7M	$30.0M	75x	as long as short
Phoenix LIT	−0.0050%	1h	4.7461	+0.251%	$206K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7454	+0.236%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7428	+0.182%	$31K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7422	+0.170%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7479	+0.289%	$817K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0020%	8h	4.7409	+0.142%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+1.474%	$422	$178K	5.5x
MEXC LIT_USDT	+0.0082%	4h	4.7379	+0.078%	$5.5M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0083%	4h	4.7384	+0.088%	$288K	$311K	10x	as long as short
Binance LITUSDT	+0.0086%	4h	4.7372	+0.064%	$75.5M	$81.5M	75x	as long as short
Aevo LIT-PERP	+0.0088%	1h	4.7368	+0.055%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7437	+0.201%	$59.6M	$29.9M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7435	+0.196%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7475	+0.282%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7466	+0.262%	$591K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7452	+0.232%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7635	+0.619%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.123%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7481	+0.294%	$674K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7370	+0.059%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7412	+0.148%	$448K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7418	+0.161%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7429	+0.184%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7398	+0.118%	$987	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.213%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7377	+0.073%	$5.2M	$5.1M	25x	as long as short
Aftermath Perps LITUSD	+0.0141%	1h	4.7528	+0.393%	$13K	$203K	10x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7517	+0.370%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.7495	+0.323%	$213.0M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0326%	4h	4.7352	+0.021%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7427	+0.180%	$62K	—	50x	as long as short