Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0499%/8h= −54.6% APRpaid last 24h −0.161%

Price spread now: Orderly against Extended−0.302%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Orderly

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 airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Orderly is 0.302% cheaper against Extended than usual: you would sell low and buy high (−$30 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	Extended LIT-USD	4.8165	0.0104	pay 0.0013% / 1h	8m 38s	$5.2M	$3.7M	25x
Short	Orderly PERP_LIT_USDC	4.8020	−0.0395	pay 0.0197% / 4h	8m 38s	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.302%Rate

Funding earned: −$104.74
Price spread: −0.302% → 0.000%: −$30.2
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$145.94
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago	2.91 bp	8.2 bp −$8	27.9 bp −$279	doesn't fit	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 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_USDCshort	−0.0395%	4h	4.8020	−0.302%	$33K	$1K	10x
GRVT LIT_USDT_Perp	−0.0282%	4h	4.8077	−0.184%	$889K	$2.1M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0272%	1h	4.8484	+0.660%	$600K	$176K	50x	as long as short
01 Exchange LITUSD	−0.0168%	1h	4.8061	−0.217%	$30K	$9K	5x	as long as short
Bullet LIT-USD	−0.0137%	1h	4.8052	−0.236%	$86K	$37K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0027%	4h	4.8204	+0.080%	$26.2M	$50.1M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8164	−0.003%	$35K	—	5x	as long as short
Phoenix LIT	0.0000%	1h	4.8143	−0.047%	$207K	$240K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	0.0000%	1h	4.8079	−0.180%	$47K	$28K	10x	as long as short
RISEx LIT/USDC	+0.0002%	1h	4.8085	−0.167%	$807K	$2.6M	5x	as long as short

Show all 42 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	4.8081	−0.176%	$25K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0027%	1h	4.8168	+0.006%	$9K	$143K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.261%	$422	$116K	5.5x	as long as short
Gate LIT_USDT	+0.0086%	4h	4.8180	+0.030%	$2.6M	$3.0M	50x	as long as short
Paradex LIT-USD-PERP	+0.0089%	8h	4.8198	+0.068%	$7K	$1K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8224	+0.121%	$59.6M	$21.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8056	−0.226%	$2.1M	$1.2M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8227	+0.128%	$219.0M	$31.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.8232	+0.138%	$12.9M	$1.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.8204	+0.079%	$618K	$1.3M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8194	+0.059%	$76.7M	$56.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8210	+0.092%	$41.3M	$22.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8063	−0.213%	$126K	$258K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8170	+0.009%	$6.5M	$3.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8179	+0.028%	$5.6M	$467K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8230	+0.134%	$7.0M	$1.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8134	−0.065%	$688K	$386K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8090	−0.156%	$297K	$367K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8070	−0.198%	$60K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8080	−0.177%	$459K	$72K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8081	−0.176%	$2K	$4K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8026	−0.290%	$4K	$951K	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8125	−0.084%	$3K	$295K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8101	−0.134%	$189K	$191K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8070	−0.198%	$1.7M	$2.8M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8163	−0.004%	$133K	$20K	10x	as long as short
Extended LIT-USDlong	+0.0104%	1h	4.8165	long leg	$5.2M	$3.7M	25x
Aevo LIT-PERP	+0.0104%	1h	4.8053	−0.234%	$150K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.8083	−0.172%	$28K	$428K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8108	−0.119%	$1.7M	$2.6M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0419% / S −0.0215%	1h	4.8076	−0.185%	$63K	—	50x	as long as short
Lighter RH LIT	+0.0480%	1h	4.8252	+0.180%	$3.5M	$12.1M	5x	as long as short