Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0586%/8h= +64.2% APRpaid last 24h +0.188%

Price spread now: HTX against Deribit+0.132%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on HTX

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 for this trade now. Funding pays +$18 a day on $10k at the current rate, and HTX is 0.132% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread 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	Deribit LIT_USDC-PERPETUAL	4.7354	−0.0486	get 0.0061% / 1h	49m 11s	$42K	$40K	10x
Short	HTX LIT-USDT	4.7417	0.0100	get 0.0050% / 4h	2h 49m	$200K	$348K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.132%Rate

Funding earned: $123.15
Price spread: +0.132% → 0.000%: $13.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $117.4
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, 64 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell HTX live order book, 64 min ago	17.36 bp	27.5 bp −$27	162.6 bp −$1,626	doesn't fit	doesn't fit

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 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-PERPETUALlong	−0.0486%	1h	4.7354	long leg	$42K	$40K	10x
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.114%	$612K	$358K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7306	−0.102%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0377%	4h	4.7350	−0.009%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0352%	1h	4.7336	−0.039%	$31K	$5K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0190%	4h	4.7507	+0.323%	$909K	$1.8M	10x	as long as short
Bullet LIT-USD	−0.0188%	1h	4.7358	+0.008%	$85K	$67K	20x	as long as short
Bybit LITUSDT	−0.0160%	4h	4.7370	+0.033%	$41.3M	$28.6M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0132%	4h	4.7364	+0.020%	$25.5M	$60.6M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7656	+0.637%	$205K	$283K	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	−0.0014%	4h	4.7436	+0.173%	$5.3M	$1.0M	30x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7404	+0.106%	$819K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7411	+0.121%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7415	+0.129%	$31K	$705K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7398	+0.091%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.448%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7343	−0.024%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7407	+0.111%	$59.1M	$27.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7362	+0.015%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7437	+0.175%	$212.0M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7395	+0.086%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7362	+0.016%	$76.0M	$77.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7396	+0.088%	$115K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7722	+0.776%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7400	+0.097%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7339	−0.032%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7390	+0.075%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7383	+0.061%	$664K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7544	+0.400%	$291K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7560	+0.434%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7388	+0.071%	$445K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7386	+0.066%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7355	+0.001%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7349	−0.011%	$1K	$349K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7417	+0.132%	$200K	$348K	30x
Extended LIT-USD	+0.0104%	1h	4.7327	−0.057%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7350	−0.009%	$148K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7435	+0.170%	$3.7M	$12.9M	5x	as long as short
Aster LITUSDT	+0.0226%	4h	4.7432	+0.163%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7368	+0.029%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0429%	1h	4.7489	+0.285%	$8K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0438% / S −0.0231%	1h	4.7389	+0.073%	$66K	—	50x	as long as short