Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0517%/8h= −56.6% APRpaid last 24h −0.155%

Price spread now: Orderly against Derive−0.149%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 Orderly

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 −$16 a day on $10k at the current rate, and Orderly is 0.149% cheaper against Derive than usual: you would sell low and buy high (−$15 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	4.7109	0.0100	pay 0.0013% / 1h	0m 18s	$2K	—	6.7x
Short	Orderly PERP_LIT_USDC	4.7039	−0.0417	pay 0.0209% / 4h	2h 00m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.149%Rate

Funding earned: −$108.6
Price spread: −0.149% → 0.000%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$135.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Derive and 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 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	−0.043%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0417%	4h	4.7039	−0.149%	$32K	$1K	10x
Bullet LIT-USD	−0.0297%	1h	4.7080	−0.062%	$85K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−0.332%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−0.253%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.584%	$670K	$370K	50x	as long as short
ApeX Omni LITUSDT	−0.0069%	1h	4.6920	−0.402%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0064%	4h	4.7094	−0.032%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7098	−0.024%	$25.5M	$61.7M	50x	as long as short
Phemex LITUSDT	−0.0055%	4h	4.7060	−0.105%	$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	−0.020%	$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-PERPETUAL	0.0000%	1h	4.7074	−0.075%	$41K	$40K	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7109	−0.001%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.976%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.503%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0052%	8h	4.7037	−0.154%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7105	−0.008%	$811K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7119	+0.021%	$59.0M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7085	−0.051%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7151	+0.089%	$210.8M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7092	−0.037%	$584K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7081	−0.060%	$74.9M	$78.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7085	−0.051%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7080	−0.062%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7078	−0.066%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7120	+0.023%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7112	+0.006%	$683K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6943	−0.353%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7108	−0.003%	$445K	$104K	10x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7109	long leg	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7075	−0.073%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7090	−0.041%	$1K	$415K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7050	−0.126%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7049	−0.128%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7089	−0.042%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0141%	4h	4.7148	+0.082%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7179	+0.148%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0297%	1h	4.7048	−0.131%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0408% / S −0.0203%	1h	4.7098	−0.023%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7114	+0.011%	$31K	$833K	33x	as long as short