Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.068%

Price spread now: dYdX against Perpl−0.225%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 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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.225% cheaper against Perpl than usual: you would sell low and buy high, −$23 on $10k if it 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	Perpl LIT	4.7578	0	get 0.0000% / 43m	6m 39s	$31K	$855K	33x
Short	dYdX LIT-USD	4.7471	0.0004	get 0.0000% / 1h	27m 39s	$34K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.225%Rate

Funding earned: $0.77
Price spread: −0.225% → 0.000%: −$22.53
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$45.56
Costs to cover: 0.238%
Break-even: 418.8 days

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Perpl 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	−0.0919%	1h	4.7492	−0.179%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0512%	4h	4.7461	−0.245%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7412	−0.348%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0361%	1h	4.7525	−0.111%	$85K	$75K	20x	as long as short
ApeX Omni LITUSDT	−0.0212%	1h	4.7590	+0.026%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0211%	4h	4.7416	−0.340%	$25.7M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0144%	4h	4.7487	−0.191%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0114%	4h	4.7657	+0.166%	$906K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7619	+0.088%	$674K	$406K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7684	+0.223%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LITlong	0.0000%	43m	4.7578	long leg	$31K	$855K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7571	−0.014%	$11K	—	150x	as long as short
dYdX LIT-USDshort	+0.0004%	1h	4.7471	−0.225%	$34K	—	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.972%	$422	$178K	5.5x	as long as short
Gate LIT_USDT	+0.0038%	4h	4.7450	−0.268%	$2.8M	$4.5M	50x	as long as short
Paradex LIT-USD-PERP	+0.0039%	8h	4.7383	−0.408%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0044%	1h	4.7585	+0.015%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0077%	1h	4.7581	+0.007%	$450K	$104K	10x	as long as short
Bulk LIT-USD	+0.0096%	1h	4.7547	−0.065%	$119K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7474	−0.218%	$59.4M	$29.8M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7519	−0.123%	$12.7M	$2.2M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7445	−0.279%	$590K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7390	−0.395%	$75.7M	$80.8M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7420	−0.331%	$42.7M	$29.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7424	−0.323%	$117K	$450K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7388	−0.399%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	−0.226%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7504	−0.155%	$688K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7663	+0.179%	$290K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7558	−0.041%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7589	+0.024%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7474	−0.218%	$993	$459K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7569	−0.018%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7480	−0.205%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7400	−0.374%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7518	−0.126%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7461	−0.244%	$791K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7505	−0.153%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0278%	1h	4.7527	−0.107%	$213.2M	$44.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7450	−0.268%	$1.5M	$2.1M	75x	as long as short
Aftermath Perps LITUSD	+0.0363%	1h	4.7639	+0.129%	$10K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0396% / S −0.0185%	1h	4.7563	−0.031%	$64K	—	50x	as long as short