Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.067%

Price spread now: Orderly against 01 Exchange−0.095%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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

Funding pays, the price is against you. Orderly is 0.095% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange LITUSD	4.7407	−0.0720	get 0.0090% / 1h	53m 55s	$33K	$4K	5x
Short	Orderly PERP_LIT_USDC	4.7362	−0.0565	pay 0.0282% / 4h	2h 53m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against 01 Exchange. 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 01 ExchangebpFee OrderlybpOrdersPrice spread, now −0.095%Rate

Funding earned: $32.64
Price spread: −0.095% → 0.000%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $10.15
Costs to cover: 0.130%
Break-even: 4.8 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

01 Exchange 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	−0.0847%	1h	4.7435	+0.060%	$42K	$40K	10x	as long as short
01 Exchange LITUSDlong	−0.0720%	1h	4.7407	long leg	$33K	$4K	5x
Orderly PERP_LIT_USDCshort	−0.0565%	4h	4.7362	−0.095%	$32K	$2K	10x
Backpack LIT_USDC_PERP	−0.0514%	1h	4.7486	+0.167%	$667K	$1.5M	5x	as long as short
Phemex LITUSDT	−0.0484%	4h	4.7440	+0.070%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7414	+0.015%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0334%	4h	4.7464	+0.120%	$5.3M	$1.1M	30x	as long as short
Gate LIT_USDT	−0.0332%	4h	4.7420	+0.027%	$2.8M	$4.5M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0292%	4h	4.7451	+0.093%	$25.2M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0274%	4h	4.7490	+0.176%	$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	4.7446	+0.082%	$42.8M	$30.1M	75x	as long as short
Nado LIT-PERP	−0.0187%	1h	4.7420	+0.028%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USD	−0.0180%	1h	4.7443	+0.076%	$983	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.205%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.570%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7440	+0.069%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0017%	8h	4.7400	−0.014%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7510	+0.217%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7461	+0.113%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7469	+0.130%	$815K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0030%	1h	4.7428	+0.044%	$448K	$104K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.335%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7426	+0.040%	$74.9M	$80.6M	75x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7423	+0.034%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0060%	4h	4.7527	+0.253%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7391	−0.033%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.175%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.464%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7475	+0.143%	$210.9M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7478	+0.150%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7494	+0.184%	$596K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7429	+0.046%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7460	+0.112%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7467	+0.126%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7472	+0.137%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	+0.122%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7486	+0.167%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0120%	1h	4.7517	+0.232%	$59.6M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7529	+0.257%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0161%	1h	4.7644	+0.500%	$11K	$198K	10x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	+0.038%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7459	+0.110%	$60K	—	50x	as long as short