Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0480%/8h= −52.6% APRpaid last 24h −0.160%

Price spread now: Orderly against Arcus−0.253%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 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 −$14 a day on $10k at the current rate, and Orderly is 0.253% cheaper against Arcus than usual: you would sell low and buy high (−$25 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	Arcus LIT-USD	4.6988	0.0100	pay 0.0013% / 1h	10m 20s	$123K	$454K	5x
Short	Orderly PERP_LIT_USDC	4.6869	−0.0380	pay 0.0190% / 4h	1h 10m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Arcus. 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 ArcusbpFee OrderlybpOrdersPrice spread, now −0.253%Rate

Funding earned: −$100.9
Price spread: −0.253% → 0.000%: −$25.33
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$136.72
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 53 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 Arcus live order book, 53 min ago	4.90 bp	12.4 bp −$12	16.2 bp −$162	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
Deribit LIT_USDC-PERPETUAL	−0.0519%	1h	4.6930	−0.123%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0380%	4h	4.6869	−0.253%	$32K	$1K	10x
01 Exchange LITUSD	−0.0304%	1h	4.6938	−0.106%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0255%	1h	4.6928	−0.127%	$84K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0119%	1h	4.6960	−0.060%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6990	+0.004%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7086	+0.209%	$203K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.401%	$611K	$411K	50x	as long as short
Phemex LITUSDT	−0.0010%	4h	4.6980	−0.017%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6972	−0.035%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	+0.0005%	1h	4.6981	−0.016%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0015%	4h	4.6946	−0.089%	$25.3M	$61.8M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.239%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0044%	4h	4.6994	+0.013%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.6963	−0.054%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.7009	+0.044%	$905K	$1.8M	10x	as long as short
Bybit LITUSDT	+0.0085%	4h	4.6931	−0.121%	$41.6M	$28.5M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7007	+0.040%	$58.6M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7035	+0.100%	$3.6M	$13.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7000	+0.026%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6965	−0.049%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7012	+0.051%	$210.1M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6997	+0.019%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6913	−0.160%	$74.8M	$79.0M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.6988	long leg	$123K	$454K	5x
MEXC LIT_USDT	+0.0100%	4h	4.6921	−0.143%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6970	−0.038%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7031	+0.092%	$666K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7007	+0.040%	$286K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6974	−0.030%	$439K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6969	−0.040%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6952	−0.077%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6945	−0.092%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7100	+0.238%	$199K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+0.675%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6905	−0.176%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6954	−0.072%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0203%	1h	4.7068	+0.169%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0214%	4h	4.7054	+0.140%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6970	−0.038%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0416% / S −0.0213%	1h	4.6958	−0.064%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6989	+0.002%	$31K	$814K	33x	as long as short