Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0675%/8h= −73.9% APRpaid last 24h −0.185%

Price spread now: Orderly against Perpl−0.088%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 Orderly

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 −$20 a day on $10k at the current rate, and Orderly is 0.088% cheaper against Perpl than usual: you would sell low and buy high (−$9 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	4.7510	0.0112	pay 0.0010% / 43m	41m 47s	$31K	$843K	33x
Short	Orderly PERP_LIT_USDC	4.7468	−0.0563	pay 0.0282% / 4h	2h 54m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.088%Rate

Funding earned: −$141.71
Price spread: −0.088% → 0.000%: −$8.84
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$170.35
Costs to cover: 0.198%
Break-even: never at this rate

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

Perpl and 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
Deribit LIT_USDC-PERPETUAL	−0.0769%	1h	4.7533	+0.048%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0728%	1h	4.7407	−0.217%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0563%	4h	4.7468	−0.088%	$32K	$2K	10x
Backpack LIT_USDC_PERP	−0.0501%	1h	4.7544	+0.072%	$668K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0479%	4h	4.7510	0.000%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0383%	1h	4.7482	−0.059%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0330%	4h	4.7464	−0.097%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0302%	4h	4.7460	−0.105%	$2.8M	$4.5M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0290%	4h	4.7433	−0.162%	$25.2M	$60.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0274%	4h	4.7490	−0.041%	$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	−0.0238%	4h	4.7460	−0.105%	$42.9M	$30.1M	75x	as long as short
SoDEX LIT-USD	−0.0199%	1h	4.7525	+0.032%	$985	$473K	5x	as long as short
Nado LIT-PERP	−0.0184%	1h	4.7474	−0.075%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+1.983%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.352%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7450	−0.127%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0019%	8h	4.7431	−0.167%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7540	+0.062%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7545	+0.073%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7527	+0.036%	$816K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0013%	1h	4.7500	−0.021%	$449K	$104K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.116%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0055%	4h	4.7450	−0.125%	$75.0M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7455	−0.116%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7527	+0.036%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7500	−0.021%	$149K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	−0.042%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.246%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7478	−0.067%	$210.9M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7529	+0.040%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7494	−0.034%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7481	−0.061%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	−0.084%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7571	+0.129%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7552	+0.088%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	−0.095%	$189K	$331K	30x	as long as short
Perpl LITlong	+0.0112%	43m	4.7510	long leg	$31K	$843K	33x
Lighter LIT	+0.0128%	1h	4.7568	+0.122%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0155%	1h	4.7679	+0.356%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7592	+0.173%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	−0.179%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7535	+0.052%	$60K	—	50x	as long as short