Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0404%/8h= +44.3% APRpaid last 24h +0.135%

Price spread now: Injective against Orderly+1.271%58s7-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 Injective

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 +$12 a day on $10k at the current rate, and Injective is 1.271% dearer against Orderly than usual: you sell high and buy low: +$127 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7437	−0.0371	get 0.0185% / 4h	2h 31m	$32K	$1K	10x
Short	Injective LIT/USDC PERP	4.8040	0.0033	get 0.0004% / 1h	31m 26s	$422	$178K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.271%Rate

Funding earned: $84.89
Price spread: +1.271% → 0.000%: $127.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $205.99
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Orderly and Injective: 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	−0.288%	$612K	$347K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0413%	1h	4.7457	+0.042%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0371%	4h	4.7437	long leg	$32K	$1K	10x
Phemex LITUSDT	−0.0336%	4h	4.7460	+0.048%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7496	+0.124%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0198%	4h	4.7406	−0.066%	$880K	$1.9M	10x	as long as short
Bullet LIT-USD	−0.0158%	1h	4.7489	+0.111%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0139%	4h	4.7443	+0.013%	$25.6M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	+0.266%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7495	+0.121%	$819K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7491	+0.113%	$34K	—	5x	as long as short
Bybit LITUSDT	0.0000%	4h	4.7470	+0.070%	$41.2M	$28.6M	75x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7522	+0.179%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7489	+0.110%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERPshort	+0.0033%	1h	4.8040	+1.271%	$422	$178K	5.5x
Paradex LIT-USD-PERP	+0.0094%	8h	4.7430	−0.014%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7517	+0.169%	$59.2M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7480	+0.092%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7539	+0.215%	$212.9M	$40.7M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7503	+0.139%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7458	+0.045%	$76.2M	$76.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7505	+0.143%	$118K	$462K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	+0.052%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7500	+0.133%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7465	+0.059%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7500	+0.133%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7492	+0.116%	$665K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7385	−0.110%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−0.036%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7462	+0.053%	$446K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7479	+0.089%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7398	−0.082%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7430	−0.015%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7433	−0.008%	$201K	$345K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7467	+0.064%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7477	+0.085%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7528	+0.192%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0217%	4h	4.7515	+0.164%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7396	−0.086%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7503	+0.138%	$66K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0441%	1h	4.7541	+0.218%	$8K	$204K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7475	+0.080%	$31K	$685K	33x	as long as short