Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:57 UTC+0.0490%/8h= +53.6% APRpaid last 24h +0.201%

Price spread now: Perpl against Orderly+0.354%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 +$15 a day on $10k at the current rate, and Perpl is 0.354% dearer against Orderly than usual: you sell high and buy low: +$35 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	4.7720	−0.0378	get 0.0189% / 4h	1h 55m	$33K	$1K	10x
Short	Perpl LIT	4.7889	0.0112	get 0.0010% / 43m	18m 58s	$32K	$690K	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 +0.354%Rate

Funding earned: $102.82
Price spread: +0.354% → 0.000%: $35.35
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: $118.37
Costs to cover: 0.198%
Break-even: from the start

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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.8177	+0.958%	$610K	$370K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0426%	1h	4.7761	+0.085%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0378%	4h	4.7720	long leg	$33K	$1K	10x
01 Exchange LITUSD	−0.0320%	1h	4.7762	+0.088%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0226%	1h	4.7761	+0.085%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7756	+0.075%	$25.6M	$62.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0060%	4h	4.8130	+0.859%	$892K	$1.9M	10x	as long as short
Polymarket Perps LIT-USD	−0.0020%	1h	4.7760	+0.084%	$448K	$83K	10x	as long as short
Phoenix LIT	−0.0017%	1h	4.8232	+1.073%	$207K	$266K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7901	+0.379%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7798	+0.164%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0029%	1h	4.7761	+0.086%	$673K	$1.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.671%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0080%	4h	4.7799	+0.166%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7860	+0.293%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7798	+0.163%	$59.5M	$27.2M	5x	as long as short
Phemex LITUSDT	+0.0097%	4h	4.7760	+0.084%	$1.3M	$2.8M	20x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7779	+0.125%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7883	+0.342%	$614K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7731	+0.023%	$76.6M	$77.9M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7750	+0.063%	$41.4M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7887	+0.350%	$124K	$465K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7800	+0.168%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7736	+0.034%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7760	+0.084%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8093	+0.781%	$294K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8160	+0.922%	$57K	$75K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7760	+0.083%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7728	+0.017%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7765	+0.094%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7823	+0.216%	$199K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8185	+0.975%	$120K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7728	+0.017%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7785	+0.136%	$149K	—	3x	as long as short
Perpl LITshort	+0.0112%	43m	4.7889	+0.354%	$32K	$690K	33x
Lighter RH LIT	+0.0112%	1h	4.7825	+0.220%	$3.6M	$13.1M	5x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7867	+0.309%	$798K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0179%	1h	4.8130	+0.860%	$9K	$221K	10x	as long as short
Hyperliquid LIT	+0.0195%	1h	4.7834	+0.238%	$215.8M	$41.8M	5x	as long as short
Aster LITUSDT	+0.0229%	4h	4.7811	+0.190%	$12.8M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7905	+0.388%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7787	+0.140%	$64K	—	50x	as long as short