Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0447%/8h= +48.9% APRpaid last 24h +0.069%

Price spread now: Perpl against dYdX−0.114%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 Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Funding pays, the price is against you. Perpl is 0.114% cheaper against dYdX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 20 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LIT-USD	4.7092	0	get 0.0000% / 1h	59m 00s	$34K	—	5x
Short	Perpl LIT	4.7038	0.0447	get 0.0040% / 43m	4m 00s	$31K	$832K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.114%Rate

Funding earned: $93.77
Price spread: −0.114% → 0.000%: −$11.43
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $58.54
Costs to cover: 0.238%
Break-even: 2.6 days

Slippage unknown: dYdX: no order-book sample; Perpl: 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 Perpl no order-book sample	—	—	—	—	—

dYdX and Perpl: 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
Deribit LIT_USDC-PERPETUAL	−0.0462%	1h	4.7000	−0.195%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0415%	4h	4.6967	−0.264%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.6987	−0.221%	$84K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−0.295%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−0.216%	$202K	$339K	5x	as long as short
01 Exchange LITUSD	−0.0088%	1h	4.7106	+0.031%	$33K	$4K	5x	as long as short
KuCoin LITUSDTM	−0.0060%	4h	4.7045	−0.099%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0059%	4h	4.7012	−0.169%	$25.5M	$61.6M	50x	as long as short
ApeX Omni LITUSDT	−0.0050%	1h	4.7050	−0.088%	$56K	$77K	50x	as long as short
SoDEX LIT-USD	−0.0044%	1h	4.7015	−0.162%	$1K	$415K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex LITUSDT	−0.0040%	4h	4.7000	−0.194%	$1.4M	$2.8M	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.7385	+0.622%	$670K	$370K	50x	as long as short
dYdX LIT-USDlong	0.0000%	1h	4.7092	long leg	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7036	−0.118%	$11K	—	150x	as long as short
Gate LIT_USDT	+0.0006%	4h	4.7060	−0.067%	$2.8M	$4.2M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.014%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.466%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0053%	8h	4.7072	−0.041%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7062	−0.063%	$58.9M	$28.1M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7121	+0.063%	$796K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7055	−0.078%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7056	−0.075%	$210.4M	$41.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7136	+0.094%	$585K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6954	−0.292%	$74.7M	$78.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7000	−0.194%	$41.7M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7115	+0.050%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6971	−0.256%	$5.4M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7020	−0.152%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7032	−0.126%	$682K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	−0.205%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7078	−0.029%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7028	−0.135%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7049	−0.090%	$4K	$1.1M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7140	+0.103%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6984	−0.228%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7033	−0.123%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0151%	4h	4.7107	+0.033%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7088	−0.007%	$3.7M	$13.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0299%	1h	4.7049	−0.090%	$9K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0407% / S −0.0203%	1h	4.7024	−0.144%	$63K	—	50x	as long as short
Perpl LITshort	+0.0447%	43m	4.7038	−0.114%	$31K	$832K	33x