Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.212%

Price spread now: Binance against Deribit+0.015%55s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Binance

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: +$3 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7074	0	get 0.0000% / 1h	0m 26s	$41K	$40K	10x
Short	Binance LITUSDT	4.7081	0.0100	get 0.0050% / 4h	2h 00m	$74.9M	$78.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $21
Price spread: +0.015% → 0.000%: $1.55
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $5.55
Costs to cover: 0.170%
Break-even: 5.2 days

Slippage unknown: Deribit: no order-book sample; Binance: live order book, 12 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	0.11 bp	11.1 bp −$11	38.3 bp −$383	doesn't fit	doesn't fit

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 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
01 Exchange LITUSD	−0.0480%	1h	4.7089	+0.032%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0417%	4h	4.7039	−0.074%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0297%	1h	4.7080	+0.013%	$85K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−0.257%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−0.178%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.660%	$670K	$370K	50x	as long as short
ApeX Omni LITUSDT	−0.0069%	1h	4.6920	−0.327%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0064%	4h	4.7094	+0.043%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7098	+0.051%	$25.5M	$61.7M	50x	as long as short
Phemex LITUSDT	−0.0055%	4h	4.7060	−0.029%	$1.4M	$2.7M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0002%	4h	4.7100	+0.056%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7092	+0.038%	$34K	—	5x	as long as short
Deribit LIT_USDC-PERPETUALlong	0.0000%	1h	4.7074	long leg	$41K	$40K	10x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7109	+0.074%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.053%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.428%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0052%	8h	4.7037	−0.079%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7105	+0.067%	$811K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7119	+0.096%	$59.0M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7085	+0.024%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7151	+0.164%	$210.8M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7092	+0.039%	$584K	$1.6M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7081	+0.015%	$74.9M	$78.0M	75x
Bybit LITUSDT	+0.0100%	4h	4.7085	+0.024%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7080	+0.013%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7078	+0.009%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	+0.098%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7112	+0.081%	$683K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6943	−0.278%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7108	+0.073%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7109	+0.075%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7075	+0.003%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7090	+0.034%	$1K	$415K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7050	−0.051%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7049	−0.053%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7089	+0.033%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0141%	4h	4.7148	+0.158%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7179	+0.223%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0297%	1h	4.7048	−0.056%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0408% / S −0.0203%	1h	4.7098	+0.052%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7114	+0.086%	$31K	$833K	33x	as long as short