Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0711%/8h= +77.8% APRpaid last 24h +0.189%

Price spread now: Aftermath Perps against Orderly+0.182%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Aftermath Perps

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 for this trade now. Funding pays +$21 a day on $10k at the current rate, and Aftermath Perps is 0.182% dearer against Orderly than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.6941	−0.0423	get 0.0211% / 4h	2h 01m	$32K	$2K	10x
Short	Aftermath Perps LITUSD	4.7027	0.0288	get 0.0036% / 1h	1m 47s	$9K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now +0.182%Rate

Funding earned: $149.23
Price spread: +0.182% → 0.000%: $18.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $152.46
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 2 min ago	4.01 bp	26.3 bp −$26	doesn't fit	doesn't fit	doesn't fit

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	−0.0496%	1h	4.6963	+0.047%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0423%	4h	4.6941	long leg	$32K	$2K	10x
Bullet LIT-USD	−0.0307%	1h	4.6982	+0.088%	$84K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0116%	4h	4.6899	−0.089%	$892K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.6900	−0.087%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.6995	+0.115%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.945%	$670K	$370K	50x	as long as short
KuCoin LITUSDTM	−0.0074%	4h	4.6994	+0.113%	$5.2M	$1.1M	30x	as long as short
Phemex LITUSDT	−0.0069%	4h	4.6960	+0.040%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0062%	4h	4.7014	+0.156%	$25.5M	$61.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.0044%	1h	4.6995	+0.115%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0012%	4h	4.7020	+0.168%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6942	+0.001%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6999	+0.124%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.341%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.147%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0050%	8h	4.6947	+0.012%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7000	+0.125%	$811K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7033	+0.196%	$58.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6975	+0.072%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7065	+0.264%	$210.5M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6984	+0.091%	$583K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7000	+0.126%	$74.8M	$78.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7002	+0.130%	$41.8M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6977	+0.077%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6981	+0.085%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	+0.190%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7040	+0.211%	$682K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6884	−0.122%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6998	+0.121%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7011	+0.149%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7012	+0.151%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7003	+0.132%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.156%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6984	+0.091%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6986	+0.097%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0132%	4h	4.7074	+0.283%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7086	+0.309%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSDshort	+0.0288%	1h	4.7027	+0.182%	$9K	$209K	10x
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0202%	1h	4.7003	+0.133%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7013	+0.153%	$31K	$833K	33x	as long as short