Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.125%

Price spread now: dYdX against Orderly+0.032%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 +$11 a day on $10k at the current rate, and dYdX is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 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	4.8005	−0.0383	get 0.0191% / 4h	13m 42s	$33K	$1K	10x
Short	dYdX LIT-USD	4.8020	0	get 0.0000% / 1h	13m 42s	$34K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $80.35
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: $67.56
Costs to cover: 0.160%
Break-even: 1.1 days

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

Orderly and dYdX: 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
Deribit LIT_USDC-PERPETUAL	−0.0405%	1h	4.8034	+0.060%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0383%	4h	4.8005	long leg	$33K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.469%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.8042	+0.077%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0215%	1h	4.8037	+0.067%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0162%	4h	4.7971	−0.071%	$25.8M	$59.5M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.385%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.344%	$57K	$73K	50x	as long as short
dYdX LIT-USDshort	0.0000%	1h	4.8020	+0.032%	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8071	+0.137%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.073%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0039%	4h	4.7982	−0.048%	$41.6M	$27.6M	75x	as long as short
Phoenix LIT	+0.0050%	1h	4.7943	−0.129%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8050	+0.094%	$800K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8101	+0.199%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8072	+0.140%	$59.9M	$26.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8025	+0.041%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8087	+0.171%	$822K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7962	−0.089%	$76.9M	$73.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8038	+0.069%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8030	+0.052%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8002	−0.006%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8057	+0.108%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8000	−0.010%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8038	+0.069%	$685K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.310%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8032	+0.056%	$448K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8055	+0.104%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8015	+0.021%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8025	+0.042%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.175%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8000	−0.010%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.475%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7993	−0.024%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8021	+0.033%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.8088	+0.174%	$217.3M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0248%	1h	4.8092	+0.181%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0259%	4h	4.8067	+0.129%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	−0.144%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0370%	1h	4.7891	−0.238%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.102%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8062	+0.119%	$32K	$645K	33x	as long as short