Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0520%/8h= −57.0% APRpaid last 24h −0.160%

Price spread now: Orderly against Aevo−0.138%7-day average — · you buy dearer than you sell

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

Long on Aevo 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—needs both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Orderly is 0.138% cheaper against Aevo than usual: you would sell low and buy high (−$14 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	Aevo LIT-PERP	4.6805	0.0104	pay 0.0013% / 1h	57m 38s	$146K	—	3x
Short	Orderly PERP_LIT_USDC	4.6741	−0.0416	pay 0.0208% / 4h	1h 57m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aevo. 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 AevobpFee OrderlybpOrdersPrice spread, now −0.138%Rate

Funding earned: −$109.25
Price spread: −0.138% → 0.000%: −$13.77
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$145.02
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 6 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 Aevo live order book, 6 min ago	14.92 bp	27.5 bp −$28	doesn't fit	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 41 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	−0.0559%	1h	4.6781	−0.052%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0453%	1h	4.6882	+0.163%	$84K	$67K	20x	as long as short
Orderly PERP_LIT_USDCshort	−0.0416%	4h	4.6741	−0.138%	$32K	$1K	10x
01 Exchange LITUSD	−0.0280%	1h	4.6746	−0.127%	$33K	$4K	5x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	+0.394%	$202K	$339K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7009	+0.436%	$899K	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0064%	4h	4.6800	−0.012%	$1.4M	$2.8M	20x	as long as short
KuCoin LITUSDTM	−0.0056%	4h	4.6741	−0.138%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0050%	4h	4.6755	−0.108%	$25.3M	$61.3M	50x	as long as short
ApeX Omni LITUSDT	−0.0031%	1h	4.7030	+0.480%	$56K	$77K	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6781	−0.052%	$662K	$365K	50x	as long as short
Gate LIT_USDT	−0.0012%	4h	4.6790	−0.033%	$2.7M	$4.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6762	−0.093%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6785	−0.043%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.638%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	+0.143%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0055%	8h	4.6735	−0.150%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6784	−0.046%	$58.4M	$28.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6803	−0.006%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6745	−0.129%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6810	+0.010%	$209.3M	$41.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6767	−0.082%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6754	−0.110%	$74.4M	$78.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6753	−0.112%	$41.5M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6760	−0.097%	$116K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6739	−0.142%	$5.4M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6780	−0.054%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6805	−0.001%	$678K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	+0.405%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6773	−0.069%	$442K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6817	+0.025%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6875	+0.149%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6805	−0.001%	$1K	$417K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	+0.416%	$189K	$353K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6734	−0.152%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERPlong	+0.0104%	1h	4.6805	long leg	$146K	—	3x
Lighter RH LIT	+0.0144%	1h	4.6826	+0.044%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0150%	4h	4.6808	+0.007%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0300%	1h	4.7025	+0.469%	$9K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0407% / S −0.0203%	1h	4.6868	+0.133%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6948	+0.304%	$31K	$832K	33x	as long as short