Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0634%/8h= −69.4% APRpaid last 24h −0.190%

Price spread now: Orderly against Aftermath Perps−0.070%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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 −$19 a day on $10k at the current rate, and Orderly is 0.070% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 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	Aftermath Perps LITUSD	4.6882	0.0249	pay 0.0031% / 1h	31m 19s	$9K	$207K	10x
Short	Orderly PERP_LIT_USDC	4.6849	−0.0385	pay 0.0192% / 4h	1h 31m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now −0.070%Rate

Funding earned: −$133.09
Price spread: −0.070% → 0.000%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$155.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: live order book, 33 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 Aftermath Perps live order book, 33 min ago	4.01 bp	15.9 bp −$16	doesn't fit	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
Orderly PERP_LIT_USDCshort	−0.0385%	4h	4.6849	−0.070%	$32K	$1K	10x
Bullet LIT-USD	−0.0270%	1h	4.6876	−0.012%	$84K	$68K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.6849	−0.070%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0209%	1h	4.6849	−0.070%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0120%	4h	4.6920	+0.082%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6961	+0.169%	$202K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.175%	$611K	$423K	50x	as long as short
Phemex LITUSDT	+0.0001%	4h	4.6870	−0.025%	$1.4M	$2.8M	20x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6910	+0.061%	$11K	—	150x	as long as short
dYdX LIT-USD	+0.0009%	1h	4.6881	−0.002%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	+0.0010%	4h	4.6874	−0.016%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	+0.0012%	4h	4.6916	+0.073%	$25.3M	$61.6M	50x	as long as short
ApeX Omni LITUSDT	+0.0013%	1h	4.6930	+0.103%	$56K	$76K	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.471%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0042%	4h	4.6930	+0.102%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0071%	8h	4.6853	−0.062%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6926	+0.095%	$58.6M	$28.7M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6915	+0.070%	$782K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6869	−0.026%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6940	+0.124%	$209.7M	$41.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6887	+0.011%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6866	−0.033%	$74.5M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6891	+0.020%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6890	+0.018%	$117K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6831	−0.108%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6869	−0.027%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6900	+0.039%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6890	+0.018%	$684K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6894	+0.026%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6892	+0.022%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6865	−0.035%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6816	−0.140%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6858	−0.051%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6914	+0.069%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6856	−0.055%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6887	+0.011%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0120%	1h	4.6956	+0.159%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0194%	4h	4.6942	+0.129%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSDlong	+0.0249%	1h	4.6882	long leg	$9K	$207K	10x
BloFin LIT-USDT	+0.0340%	4h	4.6912	+0.065%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0411% / S −0.0209%	1h	4.6905	+0.049%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6890	+0.018%	$31K	$827K	33x	as long as short