Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h +0.132%

Price spread now: Polymarket Perps against Orderly+0.104%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 Polymarket Perps

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 +$14 a day on $10k at the current rate, and Polymarket Perps is 0.104% dearer against Orderly than usual: you sell high and buy low: +$10 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	4.7229	−0.0380	get 0.0190% / 4h	2h 39m	$32K	$1K	10x
Short	Polymarket Perps LIT-USD	4.7278	0.0100	get 0.0013% / 1h	39m 45s	$444K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.104%Rate

Funding earned: $100.79
Price spread: +0.104% → 0.000%: $10.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $97.16
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 8 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 Polymarket Perps live order book, 8 min ago	1.37 bp	15.5 bp −$16	15.7 bp −$157	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	+0.151%	$612K	$358K	50x	as long as short
Orderly PERP_LIT_USDClong	−0.0380%	4h	4.7229	long leg	$32K	$1K	10x
01 Exchange LITUSD	−0.0312%	1h	4.7250	+0.044%	$31K	$5K	5x	as long as short
Phemex LITUSDT	−0.0291%	4h	4.7260	+0.066%	$1.4M	$2.8M	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0219%	1h	4.7280	+0.107%	$41K	$40K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0218%	4h	4.7321	+0.194%	$897K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0156%	1h	4.7266	+0.078%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0141%	4h	4.7432	+0.430%	$25.6M	$60.9M	50x	as long as short
Bybit LITUSDT	−0.0064%	4h	4.7441	+0.449%	$41.3M	$28.6M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7395	+0.351%	$204K	$283K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7458	+0.484%	$818K	$2.2M	5x	as long as short
KuCoin LITUSDTM	−0.0004%	4h	4.7445	+0.457%	$5.3M	$1.0M	30x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7471	+0.511%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7310	+0.172%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.717%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7397	+0.355%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7490	+0.553%	$59.2M	$27.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7260	+0.067%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7509	+0.593%	$212.8M	$40.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7464	+0.497%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7406	+0.375%	$76.1M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7460	+0.489%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7310	+0.172%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7442	+0.451%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	+0.510%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7288	+0.125%	$662K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7301	+0.153%	$289K	$303K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7310	+0.172%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USDshort	+0.0100%	1h	4.7278	+0.104%	$444K	$87K	10x
Derive LIT-PERP	+0.0100%	1h	4.7304	+0.160%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7233	+0.008%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7275	+0.097%	$1K	$351K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7306	+0.163%	$200K	$347K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	+0.163%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7428	+0.422%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7270	+0.087%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7523	+0.622%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0208%	4h	4.7504	+0.582%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7394	+0.349%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0418%	1h	4.7395	+0.352%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7288	+0.124%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7314	+0.179%	$31K	$705K	33x	as long as short