Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:33 UTC+0.0447%/8h= +48.9% APRpaid last 24h +0.083%

Price spread now: Perpl against dYdX−0.008%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds 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: +$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.8069	0	get 0.0000% / 1h	54m 17s	$35K	—	5x
Short	Perpl LIT	4.8065	0.0447	get 0.0040% / 43m	35m 17s	$29K	$560K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against dYdX. 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 dYdXbpFee PerplbpOrdersPrice spread, now −0.008%Rate

Funding earned: $93.77
Price spread: −0.008% → 0.000%: −$0.76
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $69.21
Costs to cover: 0.238%
Break-even: 1.8 days

Slippage unknown: dYdX: no order-book sample; Perpl: 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 dYdX no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

dYdX and Perpl: 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 exchanges

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	−0.0363%	4h	4.7969	−0.208%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.8127	+0.122%	$609K	$297K	50x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.8022	−0.098%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0241%	1h	4.8009	−0.125%	$42K	$19K	10x	as long as short
Bullet LIT-USD	−0.0086%	1h	4.8003	−0.137%	$86K	$44K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0081%	4h	4.7990	−0.164%	$26.1M	$54.0M	50x	as long as short
Extended LIT-USD	−0.0080%	1h	4.7982	−0.182%	$5.1M	$4.8M	25x	as long as short
ApeX Omni LITUSDT	−0.0026%	1h	4.7900	−0.351%	$58K	$78K	50x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.8069	long leg	$35K	—	5x
Phoenix LIT	0.0000%	1h	4.8185	+0.241%	$207K	$268K	5x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8028	−0.086%	$36K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0006%	4h	4.8044	−0.053%	$893K	$1.9M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.060%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0073%	4h	4.8000	−0.143%	$41.6M	$24.8M	75x	as long as short
Gate LIT_USDT	+0.0076%	4h	4.8080	+0.023%	$2.8M	$3.6M	50x	as long as short
Pacifica LIT	+0.0092%	1h	4.8074	+0.011%	$640K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8067	−0.004%	$59.9M	$23.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.8055	−0.030%	$7K	$1K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8045	−0.049%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8070	+0.002%	$217.2M	$34.6M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7999	−0.145%	$77.5M	$65.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8061	−0.017%	$132K	$357K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8088	+0.040%	$157K	$37K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8012	−0.118%	$6.3M	$3.5M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8054	−0.031%	$5.5M	$675K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8020	−0.102%	$6.9M	$2.2M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8085	+0.033%	$686K	$869K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7942	−0.264%	$294K	$300K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8013	−0.116%	$447K	$80K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8000	−0.143%	$5K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8002	−0.139%	$4K	$298K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8060	−0.019%	$193K	$269K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7990	−0.164%	$1.4M	$2.7M	20x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8004	−0.135%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0176%	1h	4.8071	+0.004%	$808K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0285%	4h	4.8072	+0.006%	$12.9M	$1.7M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8076	+0.015%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0384%	1h	4.8142	+0.152%	$3.8M	$11.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.8080	+0.023%	$64K	—	50x	as long as short
Perpl LITshort	+0.0447%	43m	4.8065	−0.008%	$29K	$560K	33x
Aftermath Perps LITUSD	+0.0474%	1h	4.8035	−0.071%	$9K	$183K	10x	as long as short