Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0473%/8h= −51.8% APRpaid last 24h −0.154%

Price spread now: Orderly against Bulk+0.920%7-day average — · you sell dearer than you buy

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

Long on Bulk 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

The price spread pays, funding is against you. Orderly is 0.920% dearer against Bulk than usual: you sell high and buy low (spread +0.920% now, against zero (this spread has no 7-day history yet)): +$92 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk LIT-USD	4.7306	0.0100	pay 0.0013% / 1h	35m 21s	$118K	$7K	10x
Short	Orderly PERP_LIT_USDC	4.7741	−0.0373	pay 0.0186% / 4h	2h 35m	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bulk. 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 BulkbpFee OrderlybpOrdersPrice spread, now +0.920%Rate

Funding earned: −$99.33
Price spread: +0.920% → 0.000%: $91.95
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.38
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bulk: live order book, 13 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 Bulk live order book, 13 min ago	0.95 bp	7.1 bp −$7	14.1 bp −$141	38.8 bp −$3,883	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.012%	$612K	$347K	50x	as long as short
Phemex LITUSDT	−0.0406%	4h	4.7700	+0.833%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDCshort	−0.0373%	4h	4.7741	+0.920%	$33K	$1K	10x
01 Exchange LITUSD	−0.0272%	1h	4.7788	+1.019%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7640	+0.707%	$888K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0183%	1h	4.7744	+0.925%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0157%	1h	4.7765	+0.970%	$86K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0142%	4h	4.7737	+0.911%	$25.7M	$61.1M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7579	+0.577%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7810	+1.066%	$825K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0010%	4h	4.7743	+0.924%	$41.6M	$28.5M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7782	+1.007%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7799	+1.042%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7787	+1.017%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.552%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7757	+0.953%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7793	+1.029%	$59.6M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7784	+1.011%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7872	+1.196%	$214.4M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7811	+1.067%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7721	+0.877%	$76.6M	$77.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7800	+1.044%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7780	+1.002%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7767	+0.975%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.981%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7772	+0.985%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7604	+0.629%	$291K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7660	+0.748%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7791	+1.025%	$449K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7771	+0.982%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7742	+0.922%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	+0.928%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7785	+1.013%	$202K	$345K	30x	as long as short
Bulk LIT-USDlong	+0.0100%	1h	4.7306	long leg	$118K	$7K	10x
Extended LIT-USD	+0.0104%	1h	4.7733	+0.902%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7749	+0.936%	$149K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7804	+1.053%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0219%	4h	4.7824	+1.095%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7821	+1.089%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0427%	1h	4.7554	+0.524%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7794	+1.031%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7787	+1.016%	$32K	$688K	33x	as long as short