Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h +0.154%

Price spread now: Bulk against Orderly−0.911%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Bulk is 0.911% cheaper against Orderly than usual: you would sell low and buy high (spread −0.911% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$91 on $10k: about 6.4 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7741	−0.0373	get 0.0186% / 4h	2h 34m	$33K	$1K	10x
Short	Bulk LIT-USD	4.7306	0.0100	get 0.0013% / 1h	34m 40s	$118K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.911%Rate

Funding earned: $99.33
Price spread: −0.911% → 0.000%: −$91.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$4.79
Costs to cover: 0.130%
Break-even: 7.3 days

Slippage unknown: Orderly: no order-book sample; Bulk: live order book, 14 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 Bulk live order book, 14 min ago	0.95 bp	4.7 bp −$5	12.6 bp −$126	36.0 bp −$3,603	81.0 bp −$40.5K

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 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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.923%	$612K	$347K	50x	as long as short
Phemex LITUSDT	−0.0406%	4h	4.7700	−0.086%	$1.4M	$2.8M	20x	as long as short
Orderly PERP_LIT_USDClong	−0.0373%	4h	4.7741	long leg	$33K	$1K	10x
01 Exchange LITUSD	−0.0272%	1h	4.7788	+0.098%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7640	−0.211%	$888K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0183%	1h	4.7744	+0.006%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0157%	1h	4.7765	+0.050%	$86K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0142%	4h	4.7626	−0.241%	$25.6M	$61.0M	50x	as long as short
Bybit LITUSDT	−0.0023%	4h	4.7681	−0.126%	$41.5M	$28.5M	75x	as long as short
Phoenix LIT	−0.0017%	1h	4.7579	−0.339%	$205K	$283K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0012%	1h	4.7810	+0.145%	$825K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7712	−0.060%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7799	+0.121%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0014%	4h	4.7731	−0.021%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.626%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7631	−0.230%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7751	+0.021%	$59.5M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7784	+0.091%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7786	+0.093%	$214.0M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7685	−0.117%	$577K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7650	−0.191%	$76.5M	$76.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7800	+0.124%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7720	−0.044%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7682	−0.124%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	−0.044%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7754	+0.027%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7604	−0.288%	$291K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7660	−0.170%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7791	+0.105%	$449K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7771	+0.062%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7742	+0.002%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	+0.008%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7785	+0.092%	$202K	$345K	30x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7306	−0.911%	$118K	$7K	10x
Extended LIT-USD	+0.0104%	1h	4.7677	−0.133%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7749	+0.016%	$149K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7772	+0.065%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0221%	4h	4.7766	+0.052%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7821	+0.168%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0427%	1h	4.7554	−0.392%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7794	+0.111%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7787	+0.096%	$32K	$688K	33x	as long as short