Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0205%/8h= +22.5% APRpaid last 24h +0.038%

Price spread now: Orderly against Deribit−0.118%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.118% cheaper against Deribit than usual: you would sell low and buy high (spread −0.118% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 46 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.6940	−0.0593	get 0.0074% / 1h	23m 03s	$41K	$40K	10x
Short	Orderly PERP_LIT_USDC	4.6885	−0.0388	pay 0.0194% / 4h	23m 03s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.118%Rate

Funding earned: $43.09
Price spread: −0.118% → 0.000%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.26
Costs to cover: 0.130%
Break-even: 4.0 days

Slippage unknown: Deribit: no order-book sample; Orderly: 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 Deribit no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Deribit and Orderly: 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	−0.0593%	1h	4.6940	long leg	$41K	$40K	10x
01 Exchange LITUSD	−0.0416%	1h	4.6912	−0.061%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0388%	4h	4.6885	−0.118%	$32K	$1K	10x
Bullet LIT-USD	−0.0277%	1h	4.6935	−0.011%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.198%	$612K	$398K	50x	as long as short
Gate LIT_USDT	−0.0170%	4h	4.6960	+0.042%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0083%	4h	4.6986	+0.097%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0060%	4h	4.6930	−0.022%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6980	+0.084%	$202K	$305K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.6973	+0.069%	$5.1M	$5.0M	25x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.6972	+0.066%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6969	+0.060%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0009%	4h	4.6995	+0.116%	$25.2M	$61.3M	50x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.6967	+0.056%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.342%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0043%	1h	4.6987	+0.099%	$657K	$1.4M	5x	as long as short
Polymarket Perps LIT-USD	+0.0071%	1h	4.6929	−0.024%	$439K	$109K	10x	as long as short
Nado LIT-PERP	+0.0073%	1h	4.6925	−0.033%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.6896	−0.095%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6945	+0.010%	$795K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7020	+0.169%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7026	+0.182%	$3.6M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7026	+0.182%	$210.3M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6922	−0.039%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6963	+0.048%	$75.2M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6953	+0.027%	$117K	$458K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.097%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6956	+0.033%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6980	+0.084%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6936	−0.010%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6950	+0.020%	$903K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6950	+0.020%	$56K	$76K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6986	+0.097%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6933	−0.016%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6955	+0.031%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.157%	$199K	$368K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6929	−0.024%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0218%	4h	4.6974	+0.071%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0253%	1h	4.6946	+0.011%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6967	+0.056%	$31K	$770K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6914	−0.056%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.6969	+0.061%	$65K	—	50x	as long as short