Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0395%/8h= −43.2% APRpaid last 24h −0.189%

Price spread now: Deribit against Binance+0.011%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7697	0.0100	pay 0.0050% / 4h	21m 10s	$76.5M	$74.0M	75x
Short	Deribit LIT_USDC-PERPETUAL	4.7702	−0.0295	pay 0.0037% / 1h	21m 10s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$82.9
Price spread: +0.011% → 0.000%: $1.11
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$98.79
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Deribit: 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 Binance live order book, 6 min ago	0.10 bp	8.0 bp −$8	36.7 bp −$367	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Orderly PERP_LIT_USDC	−0.0382%	4h	4.7657	−0.084%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	+0.173%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.7706	+0.019%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0295%	1h	4.7702	+0.011%	$42K	$40K	10x
Bullet LIT-USD	−0.0218%	1h	4.7671	−0.054%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0166%	4h	4.7714	+0.036%	$25.7M	$59.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.7613	−0.176%	$882K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0055%	1h	4.7740	+0.090%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7750	+0.112%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7748	+0.107%	$35K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0026%	4h	4.7706	+0.019%	$41.4M	$28.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.719%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7725	+0.059%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7754	+0.120%	$795K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7744	+0.099%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7762	+0.136%	$59.5M	$26.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7747	+0.104%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7764	+0.140%	$816K	$1.8M	10x	as long as short
Binance LITUSDTlong	+0.0100%	4h	4.7697	long leg	$76.5M	$74.0M	75x
Arcus LIT-USD	+0.0100%	1h	4.7737	+0.084%	$126K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7812	+0.241%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7720	+0.048%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7685	−0.025%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7731	+0.071%	$5.4M	$942K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	+0.048%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7719	+0.046%	$680K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7708	+0.023%	$292K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7742	+0.094%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7710	+0.027%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7681	−0.034%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7695	−0.004%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7816	+0.249%	$192K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7690	−0.015%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7682	−0.031%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7694	−0.006%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0230%	1h	4.7797	+0.210%	$215.9M	$38.7M	5x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7766	+0.145%	$12.8M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7773	+0.159%	$3.7M	$12.8M	5x	as long as short
Aftermath Perps LITUSD	+0.0331%	1h	4.7766	+0.145%	$9K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7695	−0.004%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7746	+0.103%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7748	+0.108%	$32K	$649K	33x	as long as short