Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0534%/8h= +58.5% APRpaid last 24h +0.190%

Price spread now: Perpl against Orderly+0.088%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 Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Perpl is 0.088% dearer against Orderly than usual: you sell high and buy low: +$9 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	4.7180	−0.0534	get 0.0267% / 4h	3h 55m	$32K	$2K	10x
Short	Perpl LIT	4.7221	0	get 0.0000% / 43m	34m 29s	$31K	$857K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.088%Rate

Funding earned: $112.1
Price spread: +0.088% → 0.000%: $8.75
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $101.06
Costs to cover: 0.198%
Break-even: 0.7 days

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

Orderly and Perpl: 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
ApeX Omni LITUSDT	−0.0814%	1h	4.7230	+0.106%	$55K	$77K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0713%	1h	4.7226	+0.098%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0648%	1h	4.7082	−0.208%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0534%	4h	4.7180	long leg	$32K	$2K	10x
Gate LIT_USDT	−0.0418%	4h	4.7170	−0.021%	$2.8M	$4.4M	50x	as long as short
Bullet LIT-USD	−0.0307%	1h	4.7207	+0.057%	$84K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0307%	4h	4.7169	−0.023%	$25.6M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0268%	4h	4.7230	+0.106%	$1.4M	$2.7M	20x	as long as short
GRVT LIT_USDT_Perp	−0.0178%	4h	4.7220	+0.085%	$904K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0176%	4h	4.7141	−0.083%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7414	+0.495%	$670K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7209	+0.061%	$205K	$361K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0025%	1h	4.7253	+0.155%	$680K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7193	+0.027%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7221	+0.088%	$31K	$857K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7250	+0.148%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0027%	8h	4.7125	−0.116%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.823%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0046%	1h	4.7169	−0.023%	$446K	$105K	10x	as long as short
Bybit LITUSDT	+0.0079%	4h	4.7154	−0.055%	$42.5M	$30.4M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7211	+0.066%	$59.0M	$29.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7165	−0.032%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7228	+0.102%	$211.8M	$45.1M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7206	+0.056%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7184	+0.008%	$586K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7148	−0.068%	$75.2M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7170	−0.021%	$116K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7190	+0.021%	$118K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7131	−0.104%	$5.6M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7180	0.000%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7216	+0.077%	$287K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7262	+0.174%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7183	+0.006%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7235	+0.117%	$999	$471K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7275	+0.201%	$189K	$347K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7126	−0.114%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7266	+0.182%	$148K	$44K	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7191	+0.024%	$795K	$2.1M	5x	as long as short
Lighter RH LIT	+0.0152%	1h	4.7231	+0.108%	$3.7M	$13.6M	5x	as long as short
Aftermath Perps LITUSD	+0.0229%	1h	4.7305	+0.265%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7241	+0.129%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0173%	1h	4.7240	+0.127%	$62K	—	50x	as long as short