Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0550%/8h= −60.2% APRpaid last 24h −0.134%

Price spread now: Orderly against RISEx−0.197%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Orderly

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 against this trade now: funding costs −$17 a day on $10k at the current rate, and Orderly is 0.197% cheaper against RISEx than usual: you would sell low and buy high (−$20 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	RISEx LIT/USDC	4.7344	0.0012	pay 0.0001% / 1h	0m 54s	$797K	$2.1M	5x
Short	Orderly PERP_LIT_USDC	4.7251	−0.0538	pay 0.0269% / 4h	0m 54s	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against RISEx. 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 RISExbpFee OrderlybpOrdersPrice spread, now −0.197%Rate

Funding earned: −$115.53
Price spread: −0.197% → 0.000%: −$19.74
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$147.27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 3 min ago; 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 RISEx live order book, 3 min ago	2.11 bp	5.1 bp −$5	16.9 bp −$169	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.0818%	4h	4.7320	−0.052%	$2.8M	$4.6M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0781%	1h	4.7306	−0.081%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.7233	−0.235%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0538%	4h	4.7251	−0.197%	$32K	$2K	10x
Bullet LIT-USD	−0.0384%	1h	4.7297	−0.100%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0324%	4h	4.7310	−0.073%	$25.7M	$64.1M	50x	as long as short
Phemex LITUSDT	−0.0314%	4h	4.7280	−0.136%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7314	−0.064%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7313	−0.066%	$669K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	−0.073%	$906K	$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
Phoenix LIT	−0.0050%	1h	4.7276	−0.145%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7345	+0.002%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7343	−0.002%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7352	+0.016%	$35K	—	150x	as long as short
RISEx LIT/USDClong	+0.0012%	1h	4.7344	long leg	$797K	$2.1M	5x
Paradex LIT-USD-PERP	+0.0025%	8h	4.7258	−0.183%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.469%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0038%	4h	4.7300	−0.094%	$42.6M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0060%	1h	4.7336	−0.018%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7363	+0.039%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7325	−0.041%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7347	+0.006%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7323	−0.045%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7318	−0.056%	$75.5M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7324	−0.043%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.113%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7290	−0.115%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7320	−0.052%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	−0.038%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	−0.031%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7322	−0.047%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7344	−0.001%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7280	−0.136%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7305	−0.083%	$1K	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7317	−0.058%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7325	−0.041%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7315	−0.062%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7378	+0.071%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0185%	1h	4.7391	+0.098%	$212.5M	$45.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0204%	1h	4.7376	+0.066%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7259	−0.181%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0172%	1h	4.7342	−0.005%	$63K	—	50x	as long as short