Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0477%/8h= −52.3% APRpaid last 24h −0.131%

Price spread now: Orderly against Polymarket Perps−0.098%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 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	Polymarket Perps LIT-USD	4.7081	0.0100	pay 0.0013% / 1h	25m 39s	$440K	$85K	10x
Short	Orderly PERP_LIT_USDC	4.7035	−0.0377	pay 0.0189% / 4h	3h 25m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.098%Rate

Funding earned: −$100.24
Price spread: −0.098% → 0.000%: −$9.77
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$124.01
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 27 min ago; 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 Polymarket Perps live order book, 27 min ago	5.06 bp	9.7 bp −$10	22.6 bp −$226	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Deribit LIT_USDC-PERPETUAL	−0.0421%	1h	4.7097	+0.034%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0377%	4h	4.7035	−0.098%	$32K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.376%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0275%	1h	4.7082	+0.001%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7064	−0.036%	$33K	$3K	5x	as long as short
Bybit LITUSDT	−0.0133%	4h	4.7081	0.000%	$41.1M	$28.9M	75x	as long as short
Phemex LITUSDT	−0.0097%	4h	4.7080	−0.002%	$1.3M	$2.8M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0031%	4h	4.7077	−0.008%	$25.4M	$60.9M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	+0.125%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7116	+0.074%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7107	+0.056%	$800K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7141	+0.127%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7111	+0.065%	$31K	$745K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7117	+0.076%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7090	+0.019%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.037%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0055%	1h	4.7043	−0.082%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7147	+0.140%	$58.8M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0097%	8h	4.7028	−0.112%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7162	+0.172%	$210.6M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7120	+0.083%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7071	−0.022%	$75.5M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7105	+0.051%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	0.000%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7110	+0.062%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7074	−0.015%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7090	+0.019%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7127	+0.098%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7062	−0.041%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−0.023%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USDlong	+0.0100%	1h	4.7081	long leg	$440K	$85K	10x
Derive LIT-PERP	+0.0100%	1h	4.7128	+0.101%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7036	−0.096%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7087	+0.013%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	+0.083%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7057	−0.052%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7068	−0.027%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7162	+0.172%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0244%	1h	4.7142	+0.129%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0254%	4h	4.7178	+0.205%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7094	+0.028%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7126	+0.096%	$65K	—	50x	as long as short