Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:23 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.205%

Price spread now: Orderly against Perpl−0.137%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 Orderly

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 −$25 a day on $10k at the current rate, and Orderly is 0.137% cheaper against Perpl than usual: you would sell low and buy high (−$14 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	4.7786	0.0447	pay 0.0040% / 43m	8m 59s	$32K	$649K	33x
Short	Orderly PERP_LIT_USDC	4.7721	−0.0382	pay 0.0191% / 4h	19m 59s	$33K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.137%Rate

Funding earned: −$173.96
Price spread: −0.137% → 0.000%: −$13.67
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$207.43
Costs to cover: 0.198%
Break-even: never at this rate

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

Perpl and Orderly: 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
Orderly PERP_LIT_USDCshort	−0.0382%	4h	4.7721	−0.137%	$33K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.014%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.7725	−0.128%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0269%	1h	4.7783	−0.006%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0219%	1h	4.7766	−0.042%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0163%	4h	4.7790	+0.008%	$25.7M	$59.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.7613	−0.362%	$882K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0055%	1h	4.7740	−0.097%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7750	−0.075%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7858	+0.149%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0020%	4h	4.7794	+0.016%	$41.4M	$28.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.531%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7725	−0.128%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7786	−0.001%	$796K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7742	−0.093%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7856	+0.146%	$59.6M	$26.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7745	−0.086%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7759	−0.057%	$816K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7788	+0.004%	$76.6M	$74.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7759	−0.057%	$126K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7812	+0.054%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7830	+0.091%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7788	+0.004%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7782	−0.009%	$5.4M	$943K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7840	+0.112%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7830	+0.091%	$682K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7708	−0.164%	$292K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7776	−0.022%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7710	−0.160%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7712	−0.155%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7795	+0.018%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7771	−0.032%	$192K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7790	+0.008%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7772	−0.029%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7777	−0.020%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0225%	1h	4.7860	+0.154%	$216.1M	$38.7M	5x	as long as short
Aster LITUSDT	+0.0237%	4h	4.7877	+0.190%	$12.8M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7900	+0.238%	$3.7M	$12.8M	5x	as long as short
Aftermath Perps LITUSD	+0.0340%	1h	4.7772	−0.031%	$9K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7695	−0.191%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7833	+0.098%	$64K	—	50x	as long as short
Perpl LITlong	+0.0447%	43m	4.7786	long leg	$32K	$649K	33x