Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0550%/8h= +60.2% APRpaid last 24h +0.137%

Price spread now: RISEx against Orderly+0.181%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 RISEx

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 RISEx is 0.181% dearer against Orderly than usual: you sell high and buy low: +$18 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	4.6910	−0.0632	get 0.0316% / 4h	1h 30m	$32K	$2K	10x
Short	RISEx LIT/USDC	4.6995	−0.0082	pay 0.0010% / 1h	30m 41s	$783K	$2.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.181%Rate

Funding earned: $115.5
Price spread: +0.181% → 0.000%: $18.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $121.62
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 3 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 RISEx live order book, 3 min ago	2.12 bp	5.1 bp −$5	18.3 bp −$183	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
Gate LIT_USDT	−0.1156%	4h	4.6990	+0.171%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0861%	1h	4.6924	+0.030%	$41K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0780%	1h	4.6997	+0.185%	$660K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0632%	4h	4.6910	long leg	$32K	$2K	10x
01 Exchange LITUSD	−0.0576%	1h	4.6892	−0.038%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0554%	4h	4.6940	+0.064%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0441%	4h	4.6989	+0.168%	$25.2M	$62.0M	50x	as long as short
Bullet LIT-USD	−0.0338%	1h	4.6937	+0.058%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0317%	4h	4.6970	+0.128%	$42.4M	$30.2M	75x	as long as short
KuCoin LITUSDTM	−0.0302%	4h	4.6973	+0.134%	$5.2M	$1.1M	30x	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	−0.0235%	1h	4.7062	+0.323%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0186%	4h	4.6990	+0.171%	$898K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7094	+0.392%	$666K	$398K	50x	as long as short
RISEx LIT/USDCshort	−0.0082%	1h	4.6995	+0.181%	$783K	$2.1M	5x
Phoenix LIT	−0.0034%	1h	4.7044	+0.286%	$243K	$327K	5x	as long as short
Nado LIT-PERP	−0.0032%	1h	4.6951	+0.088%	$2.1M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	−0.0007%	8h	4.6958	+0.101%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7024	+0.244%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7023	+0.241%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.409%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0035%	1h	4.6945	+0.075%	$1K	$465K	5x	as long as short
Binance LITUSDT	+0.0051%	4h	4.6938	+0.060%	$74.5M	$80.9M	75x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.6951	+0.087%	$5.5M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7033	+0.263%	$286K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.6919	+0.019%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7028	+0.252%	$59.2M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7015	+0.224%	$209.6M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7008	+0.209%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7003	+0.198%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6972	+0.132%	$116K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7148	+0.507%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6990	+0.171%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7060	+0.320%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6960	+0.107%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6988	+0.167%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6958	+0.102%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7008	+0.209%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6930	+0.043%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0213%	4h	4.6942	+0.068%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0304%	1h	4.7051	+0.301%	$3.7M	$13.6M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.6985	+0.160%	$31K	$839K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.6997	+0.185%	$59K	—	50x	as long as short