Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0621%/8h= −68.0% APRpaid last 24h −0.122%

Price spread now: Orderly against dYdX−0.191%7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Orderly is 0.191% cheaper against dYdX than usual: you would sell low and buy high (−$19 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	dYdX LIT-USD	4.7127	0	get 0.0000% / 1h	4m 32s	$34K	—	5x
Short	Orderly PERP_LIT_USDC	4.7037	−0.0621	pay 0.0310% / 4h	2h 04m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against dYdX. 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 dYdXbpFee OrderlybpOrdersPrice spread, now −0.191%Rate

Funding earned: −$130.33
Price spread: −0.191% → 0.000%: −$19.13
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$165.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

dYdX 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-PERPETUAL	−0.1249%	1h	4.7093	−0.071%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0744%	4h	4.7110	−0.036%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDCshort	−0.0621%	4h	4.7037	−0.191%	$32K	$2K	10x
Phemex LITUSDT	−0.0601%	4h	4.7100	−0.058%	$1.3M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0600%	1h	4.7037	−0.191%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0374%	4h	4.7101	−0.056%	$25.0M	$61.9M	50x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7111	−0.034%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0308%	4h	4.7168	+0.087%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0308%	4h	4.7122	−0.011%	$42.6M	$30.7M	75x	as long as short
Backpack LIT_USDC_PERP	−0.0288%	1h	4.7130	+0.006%	$662K	$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	+0.198%	$896K	$1.9M	10x	as long as short
Aftermath Perps LITUSD	−0.0185%	1h	4.7251	+0.264%	$10K	$202K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+1.260%	$660K	$404K	50x	as long as short
SoDEX LIT-USD	−0.0064%	1h	4.7105	−0.047%	$1K	$487K	5x	as long as short
Phoenix LIT	−0.0050%	1h	4.7251	+0.263%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0033%	8h	4.7069	−0.124%	$6K	$2K	5x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7127	long leg	$34K	—	5x
Nado LIT-PERP	+0.0001%	1h	4.7100	−0.058%	$2.1M	$1.7M	10x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7172	+0.095%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7146	+0.041%	$746K	$2.1M	5x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7116	−0.024%	$445K	$105K	10x	as long as short
Binance LITUSDT	+0.0030%	4h	4.7088	−0.083%	$74.6M	$81.7M	75x	as long as short
MEXC LIT_USDT	+0.0032%	4h	4.7089	−0.081%	$5.7M	$4.3M	100x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.937%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0037%	4h	4.7229	+0.215%	$287K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7080	−0.099%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7181	+0.114%	$59.2M	$30.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7198	+0.150%	$210.3M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7168	+0.086%	$12.6M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7140	+0.027%	$581K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7109	−0.039%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	+0.523%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7130	+0.006%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7170	+0.091%	$55K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7148	+0.045%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7116	−0.024%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7177	+0.106%	$189K	$330K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7095	−0.069%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7130	+0.005%	$31K	$843K	33x	as long as short
BloFin LIT-USDT	+0.0130%	4h	4.7101	−0.056%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0357% / S −0.0155%	1h	4.7160	+0.070%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7197	+0.148%	$3.7M	$14.3M	5x	as long as short