Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0261%/8h= −28.6% APRpaid last 24h −0.065%

Price spread now: OKX against Polymarket Perps−0.035%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−3.424%−$342 · spread now −0.035%, 7d avg −0.037%

Together, before fees−3.475%−$347 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LIT-USD	4.8028	0.0100	pay 0.0013% / 1h	12m 28s	$447K	$86K	10x
Short	OKX LIT-USDT-SWAP	4.8011	−0.0161	pay 0.0080% / 4h	12m 28s	$25.8M	$59.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Polymarket Perps. 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 Polymarket PerpsbpFee OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$54.81
Price spread: −0.035% → −0.037%: $0.17
Slippage, 4 orders: −$25.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$98.56
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 25 min ago; OKX: live order book, 1 min ago.

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 Polymarket Perps live order book, 25 min ago	3.14 bp	15.0 bp −$15	18.6 bp −$186	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.31 bp	10.5 bp −$10	30.2 bp −$302	doesn't fit	doesn't fit

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_USDC	−0.0383%	4h	4.7955	−0.152%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7936	−0.192%	$607K	$348K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0343%	1h	4.7998	−0.062%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0288%	1h	4.7991	−0.077%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0213%	1h	4.7988	−0.083%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAPshort	−0.0161%	4h	4.8011	−0.035%	$25.8M	$59.5M	50x
GRVT LIT_USDT_Perp	−0.0100%	4h	4.7960	−0.142%	$887K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0010%	1h	4.7920	−0.225%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8020	−0.016%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8020	−0.016%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.025%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0036%	4h	4.7999	−0.060%	$41.6M	$27.5M	75x	as long as short
Phoenix LIT	+0.0050%	1h	4.8078	+0.104%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.8038	+0.020%	$802K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.8008	−0.041%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8043	+0.031%	$59.8M	$26.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7985	−0.090%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8020	−0.017%	$821K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8001	−0.056%	$77.0M	$73.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8016	−0.025%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8010	−0.037%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7971	−0.119%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8002	−0.054%	$5.5M	$935K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8040	+0.025%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8010	−0.037%	$685K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7894	−0.279%	$293K	$304K	10x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.8028	long leg	$447K	$86K	10x
Derive LIT-PERP	+0.0100%	1h	4.8015	−0.027%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7975	−0.110%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8000	−0.058%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	−0.223%	$193K	$312K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8000	−0.058%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.523%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7988	−0.083%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7977	−0.107%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.8102	+0.154%	$217.4M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0256%	1h	4.8062	+0.071%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0261%	4h	4.8067	+0.081%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7975	−0.110%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0375%	1h	4.7924	−0.217%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	−0.150%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8046	+0.038%	$32K	$645K	33x	as long as short