Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0269%/8h= −29.5% APRpaid last 24h −0.147%

Price spread now: Deribit against Bybit−0.043%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 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	Bybit LITUSDT	4.6970	0.0100	pay 0.0050% / 4h	2h 03m	$41.8M	$28.7M	75x
Short	Deribit LIT_USDC-PERPETUAL	4.6950	−0.0169	pay 0.0021% / 1h	3m 59s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$56.58
Price spread: −0.043% → 0.000%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$78.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	1.07 bp	20.2 bp −$20	54.4 bp −$544	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 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
01 Exchange LITUSD	−0.0504%	1h	4.6955	−0.032%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0428%	4h	4.6920	−0.106%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0316%	1h	4.6969	−0.002%	$84K	$67K	20x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0169%	1h	4.6950	−0.043%	$41K	$40K	10x
GRVT LIT_USDT_Perp	−0.0136%	4h	4.6951	−0.041%	$893K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.6900	−0.149%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7017	+0.100%	$203K	$352K	5x	as long as short
Phemex LITUSDT	−0.0087%	4h	4.6940	−0.064%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0080%	4h	4.6967	−0.006%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.882%	$670K	$373K	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LIT-USDT-SWAP	−0.0070%	4h	4.6986	+0.034%	$25.5M	$61.8M	50x	as long as short
Gate LIT_USDT	−0.0028%	4h	4.6970	0.000%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6911	−0.126%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6990	+0.042%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.278%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.208%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0048%	8h	4.6902	−0.144%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7002	+0.069%	$818K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7035	+0.138%	$58.9M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6934	−0.077%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7032	+0.132%	$210.3M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6957	−0.028%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6967	−0.006%	$74.8M	$78.5M	75x	as long as short
Bybit LITUSDTlong	+0.0100%	4h	4.6970	long leg	$41.8M	$28.7M	75x
Arcus LIT-USD	+0.0100%	1h	4.6991	+0.045%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6957	−0.028%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6990	+0.043%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6999	+0.062%	$681K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6884	−0.184%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6991	+0.045%	$444K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6989	+0.040%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6966	−0.009%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6968	−0.004%	$1K	$418K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.094%	$189K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6947	−0.050%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6930	−0.084%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0124%	4h	4.6986	+0.034%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0208%	1h	4.7043	+0.155%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0270%	1h	4.7017	+0.101%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0202%	1h	4.6985	+0.031%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6996	+0.055%	$31K	$833K	33x	as long as short