Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.1258%/8h= −137.8% APRpaid last 24h −0.251%

Price spread now: Deribit against Perpl−0.086%7-day average — · you buy dearer than you sell

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

Long on Perpl Short on Deribit

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 against this trade now: funding costs −$38 a day on $10k at the current rate, and Deribit is 0.086% cheaper against Perpl than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl LIT	4.7085	0.0447	pay 0.0040% / 43m	9m 35s	$31K	$860K	33x
Short	Deribit LIT_USDC-PERPETUAL	4.7045	−0.0812	pay 0.0101% / 1h	47m 35s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Perpl. 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 PerplbpFee DeribitbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$264.22
Price spread: −0.086% → 0.000%: −$8.6
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$293.62
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; Deribit: 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 Perpl no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Perpl and Deribit: 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-PERPETUALshort	−0.0812%	1h	4.7045	−0.086%	$41K	$40K	10x
01 Exchange LITUSD	−0.0568%	1h	4.6949	−0.289%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0469%	4h	4.6984	−0.215%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0407%	1h	4.7042	−0.092%	$85K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0196%	1h	4.7079	−0.013%	$682K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0173%	4h	4.7003	−0.175%	$25.6M	$63.8M	50x	as long as short
Gate LIT_USDT	−0.0170%	4h	4.7040	−0.096%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0136%	4h	4.7064	−0.045%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0122%	4h	4.7120	+0.074%	$895K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6878	−0.440%	$203K	$352K	5x	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	−0.0080%	1h	4.7209	+0.263%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7022	−0.133%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7090	+0.011%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	−0.200%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.028%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0043%	8h	4.6967	−0.250%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7035	−0.108%	$784K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7055	−0.064%	$58.9M	$29.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7050	−0.075%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7080	−0.011%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7055	−0.064%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7024	−0.130%	$583K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6966	−0.253%	$75.0M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6987	−0.209%	$42.2M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7004	−0.172%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6975	−0.234%	$5.4M	$4.0M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7020	−0.138%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7154	+0.146%	$287K	$306K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7150	+0.138%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7058	−0.058%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7075	−0.022%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7065	−0.043%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7050	−0.075%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7254	+0.358%	$189K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7030	−0.117%	$1.4M	$2.7M	20x	as long as short
Lighter RH LIT	+0.0104%	1h	4.7090	+0.010%	$3.7M	$13.2M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6963	−0.260%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7019	−0.141%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0333%	1h	4.7117	+0.067%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.114%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0194%	1h	4.7072	−0.028%	$63K	—	50x	as long as short
Perpl LITlong	+0.0447%	43m	4.7085	long leg	$31K	$860K	33x