Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0138%/8h= −15.1% APRpaid last 24h −0.083%

Price spread now: OKX against Derive−0.136%7-day average — · you buy dearer than you sell

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

Long on Derive Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$4 a day on $10k at the current rate, and OKX is 0.136% cheaper against Derive 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	Derive LIT-PERP	4.7042	0.0100	pay 0.0013% / 1h	24m 13s	$2K	—	6.7x
Short	OKX LIT-USDT-SWAP	4.6978	−0.0038	pay 0.0019% / 4h	3h 24m	$25.3M	$60.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Derive. 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 DerivebpFee OKXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$29.01
Price spread: −0.136% → 0.000%: −$13.58
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; OKX: live order book, 5 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 Derive no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	0.11 bp	10.2 bp −$10	28.6 bp −$286	doesn't fit	doesn't fit

Derive: 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	−0.0553%	1h	4.7013	−0.061%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.6968	−0.157%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.293%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0279%	1h	4.7021	−0.044%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7014	−0.059%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0118%	4h	4.6990	−0.110%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0111%	4h	4.7020	−0.047%	$41.0M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAPshort	−0.0038%	4h	4.6978	−0.136%	$25.3M	$60.7M	50x
Phoenix LIT	−0.0017%	1h	4.7116	+0.158%	$203K	$299K	5x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7080	+0.081%	$800K	$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
dYdX LIT-USD	0.0000%	1h	4.7101	+0.126%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7098	+0.120%	$31K	$744K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7067	+0.054%	$11K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0008%	1h	4.7080	+0.081%	$56K	$76K	50x	as long as short
KuCoin LITUSDTM	+0.0014%	4h	4.7022	−0.042%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.122%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0062%	1h	4.7045	+0.007%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7050	+0.017%	$58.7M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0097%	8h	4.7034	−0.016%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7077	+0.075%	$210.2M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7093	+0.109%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6982	−0.128%	$75.4M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7070	+0.060%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	+0.083%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7040	−0.004%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6990	−0.110%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7040	−0.004%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7016	−0.055%	$659K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7089	+0.101%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	+0.060%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7056	+0.030%	$440K	$85K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7042	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7055	+0.028%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7005	−0.078%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7027	−0.032%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6989	−0.112%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7009	−0.069%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7079	+0.079%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0253%	4h	4.7094	+0.111%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0266%	1h	4.7095	+0.114%	$9K	$205K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7032	−0.021%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7061	+0.040%	$65K	—	50x	as long as short