Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0473%/8h= −51.7% APRpaid last 24h −0.263%

Price spread now: Deribit against BloFin+0.067%57s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.067% dearer against BloFin than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 57 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	BloFin LIT-USDT	4.8053	0.0340	pay 0.0170% / 4h	1h 55m	$1.6M	$2.3M	75x
Short	Deribit LIT_USDC-PERPETUAL	4.8085	−0.0133	pay 0.0017% / 1h	55m 22s	$42K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$99.23
Price spread: +0.067% → 0.000%: $6.66
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$111.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; Deribit: 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 BloFin live order book, 6 min ago	0.21 bp	14.2 bp −$14	26.0 bp −$260	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 41 exchanges

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	−0.0363%	4h	4.8031	−0.046%	$33K	$313	10x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.8028	−0.052%	$31K	$3K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0296%	1h	4.8127	+0.155%	$609K	$297K	50x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0133%	1h	4.8085	+0.067%	$42K	$19K	10x
Bullet LIT-USD	−0.0081%	1h	4.8056	+0.006%	$86K	$44K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0080%	4h	4.8094	+0.085%	$26.1M	$54.2M	50x	as long as short
Extended LIT-USD	−0.0080%	1h	4.8031	−0.047%	$5.1M	$4.8M	25x	as long as short
ApeX Omni LITUSDT	−0.0026%	1h	4.7900	−0.318%	$58K	$78K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8069	+0.033%	$35K	—	5x	as long as short
Phoenix LIT	0.0000%	1h	4.8185	+0.275%	$207K	$268K	5x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7974	−0.165%	$36K	—	150x	as long as short
GRVT LIT_USDT_Perp	+0.0006%	4h	4.8044	−0.020%	$893K	$1.9M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.027%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0068%	4h	4.8060	+0.015%	$41.7M	$24.8M	75x	as long as short
Gate LIT_USDT	+0.0072%	4h	4.8060	+0.015%	$2.8M	$3.6M	50x	as long as short
Pacifica LIT	+0.0092%	1h	4.8061	+0.017%	$640K	$1.5M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8107	+0.112%	$60.0M	$23.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0098%	8h	4.8044	−0.019%	$7K	$1K	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8053	−0.001%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8115	+0.129%	$217.4M	$34.9M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8055	+0.004%	$77.5M	$65.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8066	+0.027%	$132K	$358K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8088	+0.073%	$157K	$37K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8053	0.000%	$6.3M	$3.5M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8076	+0.048%	$5.5M	$678K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8050	−0.006%	$6.9M	$2.2M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8060	+0.015%	$685K	$869K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7942	−0.231%	$294K	$300K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8063	+0.021%	$448K	$80K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8034	−0.040%	$4K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8027	−0.054%	$4K	$297K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8018	−0.073%	$193K	$269K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8090	+0.077%	$1.4M	$2.7M	20x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8071	+0.037%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0176%	1h	4.8073	+0.041%	$808K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0288%	4h	4.8096	+0.089%	$12.9M	$1.8M	50x	as long as short
BloFin LIT-USDTlong	+0.0340%	4h	4.8053	long leg	$1.6M	$2.3M	75x
Lighter RH LIT	+0.0360%	1h	4.8129	+0.158%	$3.8M	$11.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.8070	+0.035%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8072	+0.039%	$29K	$561K	33x	as long as short
Aftermath Perps LITUSD	+0.0475%	1h	4.8044	−0.018%	$9K	$183K	10x	as long as short