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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Arcus−0.028%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Derive

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.028% cheaper against Arcus than usual: you would sell low and buy high, −$3 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	Arcus LIT-USD	4.7542	0.0100	pay 0.0013% / 1h	22m 32s	$118K	$446K	5x
Short	Derive LIT-PERP	4.7529	0.0100	get 0.0013% / 1h	22m 32s	$2K	$1K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Arcus. 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 ArcusbpFee DerivebpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.33
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 1 min ago; Derive: 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 Arcus live order book, 1 min ago	4.95 bp	7.8 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.1266%	1h	4.7473	−0.145%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0676%	4h	4.7520	−0.046%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7434	−0.227%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0571%	4h	4.7450	−0.194%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7487	−0.116%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0356%	1h	4.7484	−0.122%	$86K	$81K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0348%	1h	4.7506	−0.076%	$667K	$1.5M	5x	as long as short
Bybit LITUSDT	−0.0328%	4h	4.7523	−0.040%	$43.0M	$30.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0317%	4h	4.7540	−0.004%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0306%	4h	4.7533	−0.019%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0298%	4h	4.7580	+0.080%	$908K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.377%	$660K	$404K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7626	+0.177%	$247K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0023%	8h	4.7444	−0.207%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0005%	1h	4.7475	−0.141%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7548	+0.013%	$34K	—	5x	as long as short
Nado LIT-PERP	0.0000%	1h	4.7508	−0.072%	$2.1M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7534	−0.016%	$35K	—	150x	as long as short
Extended LIT-USD	+0.0008%	1h	4.7525	−0.037%	$5.3M	$5.1M	25x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7571	+0.061%	$818K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0029%	1h	4.7499	−0.090%	$449K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.047%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0033%	4h	4.7572	+0.063%	$289K	$310K	10x	as long as short
Bulk LIT-USD	+0.0037%	1h	4.7479	−0.132%	$119K	$6K	10x	as long as short
MEXC LIT_USDT	+0.0038%	4h	4.7487	−0.116%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0038%	4h	4.7516	−0.055%	$75.1M	$81.3M	75x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7485	−0.120%	$148K	$44K	3x	as long as short
Aftermath Perps LITUSD	+0.0058%	1h	4.7494	−0.102%	$12K	$199K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7580	+0.080%	$59.6M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7542	0.000%	$211.2M	$45.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7535	−0.015%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7533	−0.019%	$582K	$1.8M	10x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7542	long leg	$118K	$446K	5x
Bitget LITUSDT	+0.0100%	4h	4.7530	−0.025%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7580	+0.080%	$56K	$77K	50x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7529	−0.028%	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7528	−0.029%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7586	+0.093%	$190K	$329K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7535	−0.014%	$31K	$838K	33x	as long as short
BloFin LIT-USDT	+0.0154%	4h	4.7446	−0.202%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7530	−0.025%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0400%	1h	4.7578	+0.076%	$3.7M	$14.2M	5x	as long as short