Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.005%

Price spread now: Derive against Binance+0.176%46s7-day average — · you sell dearer than you buy

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

Long on Binance 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Derive is 0.176% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LITUSDT	4.7707	0.0072	pay 0.0036% / 4h	48m 31s	$76.0M	$81.3M	75x
Short	Derive LIT-PERP	4.7791	0.0100	get 0.0013% / 1h	48m 31s	$2K	$650	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Binance. 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 BinancebpFee DerivebpOrdersPrice spread, now +0.176%Rate

Funding earned: $5.82
Price spread: +0.176% → 0.000%: $17.63
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $7.45
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	0.21 bp	13.2 bp −$13	34.4 bp −$344	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
Gate LIT_USDT	−0.0948%	4h	4.7780	+0.154%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0631%	1h	4.7757	+0.105%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7710	+0.007%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0504%	1h	4.7669	−0.079%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0464%	4h	4.7770	+0.133%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0445%	4h	4.7707	+0.001%	$25.9M	$64.1M	50x	as long as short
Bullet LIT-USD	−0.0281%	1h	4.7767	+0.127%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0240%	4h	4.7804	+0.204%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0168%	4h	4.7730	+0.049%	$43.0M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7920	+0.447%	$678K	$405K	50x	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	−0.0118%	4h	4.7751	+0.094%	$908K	$1.8M	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7795	+0.185%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7773	+0.140%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7748	+0.086%	$32K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7814	+0.224%	$35K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0006%	1h	4.7812	+0.221%	$13K	$204K	10x	as long as short
Paradex LIT-USD-PERP	+0.0011%	8h	4.7698	−0.019%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7766	+0.124%	$822K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.699%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0067%	4h	4.7758	+0.108%	$291K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0070%	4h	4.7717	+0.021%	$5.6M	$4.1M	100x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7737	+0.063%	$149K	$44K	3x	as long as short
Binance LITUSDTlong	+0.0072%	4h	4.7707	long leg	$76.0M	$81.3M	75x
Lighter LIT	+0.0096%	1h	4.7799	+0.193%	$60.2M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7728	+0.045%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7816	+0.230%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7762	+0.116%	$604K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7741	+0.072%	$120K	$453K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	+0.072%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7710	+0.007%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7775	+0.143%	$678K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7780	+0.154%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7740	+0.070%	$451K	$105K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7791	+0.176%	$2K	$650	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7739	+0.068%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7740	+0.070%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7846	+0.292%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7701	−0.011%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0128%	1h	4.7821	+0.239%	$3.7M	$13.8M	5x	as long as short
Hyperliquid LIT	+0.0218%	1h	4.7821	+0.240%	$214.4M	$44.8M	5x	as long as short
BloFin LIT-USDT	+0.0285%	4h	4.7753	+0.097%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7809	+0.214%	$63K	—	50x	as long as short