Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h −0.083%

Price spread now: OKX against Derive−0.161%7-day average — · you buy dearer than you sell

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

Long on Derive Short on OKX

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 against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.161% cheaper against Derive than usual: you would sell low and buy high (−$16 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	Derive LIT-PERP	4.7203	0.0100	pay 0.0013% / 1h	7m 09s	$2K	$1K	6.7x
Short	OKX LIT-USDT-SWAP	4.7127	−0.0364	pay 0.0182% / 4h	2h 07m	$25.0M	$61.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Derive. 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 DerivebpFee OKXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$97.38
Price spread: −0.161% → 0.000%: −$16.09
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$129.48
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; OKX: live order book, 2 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 Derive no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	0.11 bp	13.2 bp −$13	33.0 bp −$330	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUAL	−0.1246%	1h	4.7135	−0.144%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0664%	4h	4.7160	−0.091%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0620%	4h	4.7107	−0.203%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0608%	4h	4.7130	−0.155%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7125	−0.165%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAPshort	−0.0364%	4h	4.7127	−0.161%	$25.0M	$61.9M	50x
Bullet LIT-USD	−0.0358%	1h	4.7171	−0.068%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0302%	4h	4.7192	−0.023%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0293%	4h	4.7151	−0.110%	$42.6M	$30.7M	75x	as long as short
Backpack LIT_USDC_PERP	−0.0266%	1h	4.7182	−0.044%	$663K	$1.5M	5x	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	−0.0260%	4h	4.7220	+0.037%	$896K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0152%	1h	4.7344	+0.299%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.098%	$660K	$404K	50x	as long as short
SoDEX LIT-USD	−0.0059%	1h	4.7155	−0.102%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.102%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0024%	8h	4.7135	−0.144%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7205	+0.005%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7219	+0.034%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7208	+0.010%	$792K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0013%	1h	4.7179	−0.051%	$2.1M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7196	−0.015%	$446K	$105K	10x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7124	−0.167%	$5.8M	$4.2M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.773%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0034%	4h	4.7122	−0.171%	$74.7M	$81.6M	75x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7229	+0.054%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7135	−0.145%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7218	+0.032%	$59.2M	$30.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7211	+0.017%	$210.4M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7229	+0.055%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7205	+0.004%	$582K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7174	−0.061%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.362%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7160	−0.091%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7230	+0.057%	$55K	$78K	50x	as long as short
Derive LIT-PERPlong	+0.0100%	1h	4.7203	long leg	$2K	$1K	6.7x
SunX LIT-USDT	+0.0100%	4h	4.7192	−0.023%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7220	+0.036%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7120	−0.177%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7185	−0.039%	$31K	$843K	33x	as long as short
BloFin LIT-USDT	+0.0137%	4h	4.7180	−0.049%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7217	+0.030%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7228	+0.053%	$3.7M	$14.3M	5x	as long as short