Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0959%/8h= −105.0% APRpaid last 24h −0.225%

Price spread now: Deribit against Perpl−0.107%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Perpl 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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Deribit is 0.107% cheaper against Perpl than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7486	0.0112	pay 0.0010% / 43m	41m 05s	$31K	$842K	33x
Short	Deribit LIT_USDC-PERPETUAL	4.7435	−0.0847	pay 0.0106% / 1h	54m 05s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Perpl. 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 PerplbpFee DeribitbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$201.34
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$232.88
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Perpl 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
Deribit LIT_USDC-PERPETUALshort	−0.0847%	1h	4.7435	−0.107%	$42K	$40K	10x
01 Exchange LITUSD	−0.0720%	1h	4.7407	−0.167%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0565%	4h	4.7362	−0.262%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0514%	1h	4.7486	−0.001%	$667K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0484%	4h	4.7440	−0.098%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7414	−0.152%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0334%	4h	4.7464	−0.047%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0332%	4h	4.7420	−0.140%	$2.8M	$4.5M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0292%	4h	4.7430	−0.119%	$25.2M	$60.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0274%	4h	4.7490	+0.009%	$896K	$1.9M	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	−0.0239%	4h	4.7440	−0.098%	$42.8M	$30.1M	75x	as long as short
Nado LIT-PERP	−0.0187%	1h	4.7420	−0.139%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USD	−0.0180%	1h	4.7443	−0.091%	$983	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.034%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.402%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7419	−0.142%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7400	−0.181%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7510	+0.050%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7461	−0.054%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7469	−0.037%	$815K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0030%	1h	4.7428	−0.123%	$448K	$104K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.166%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7406	−0.170%	$74.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7412	−0.156%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7527	+0.086%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7391	−0.200%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.008%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.296%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7475	−0.024%	$210.9M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7477	−0.020%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7494	+0.017%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7429	−0.121%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7440	−0.098%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7467	−0.041%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7472	−0.030%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	−0.045%	$189K	$331K	30x	as long as short
Perpl LITlong	+0.0112%	43m	4.7486	long leg	$31K	$842K	33x
Lighter LIT	+0.0120%	1h	4.7517	+0.065%	$59.6M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7529	+0.090%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0161%	1h	4.7644	+0.332%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	−0.129%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7459	−0.058%	$60K	—	50x	as long as short