Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0663%/8h= −72.6% APRpaid last 24h −0.131%

Price spread now: Orderly against Injective−2.223%58s7-day average — · you buy dearer than you sell

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

Long on Injective 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 −$20 a day on $10k at the current rate, and Orderly is 2.223% cheaper against Injective than usual: you would sell low and buy high (−$222 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LIT/USDC PERP	4.8040	0.0033	pay 0.0004% / 1h	26m 09s	$422	$178K	5.5x
Short	Orderly PERP_LIT_USDC	4.6972	−0.0630	pay 0.0315% / 4h	1h 26m	$32K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −2.223%Rate

Funding earned: −$139.22
Price spread: −2.223% → 0.000%: −$222.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$367.55
Costs to cover: 0.060%
Break-even: never at this rate

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

Injective 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
Gate LIT_USDT	−0.1206%	4h	4.7060	−2.040%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0800%	1h	4.7069	−2.021%	$661K	$1.4M	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0776%	1h	4.7027	−2.108%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0630%	4h	4.6972	−2.223%	$32K	$2K	10x
01 Exchange LITUSD	−0.0576%	1h	4.6978	−2.211%	$33K	$4K	5x	as long as short
Phemex LITUSDT	−0.0532%	4h	4.7010	−2.144%	$1.3M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0451%	4h	4.7008	−2.148%	$25.2M	$62.1M	50x	as long as short
Bullet LIT-USD	−0.0329%	1h	4.7018	−2.127%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0305%	4h	4.7020	−2.123%	$42.5M	$30.1M	75x	as long as short
KuCoin LITUSDTM	−0.0288%	4h	4.7035	−2.092%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps LITUSD	−0.0215%	1h	4.7068	−2.024%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0180%	4h	4.7080	−1.998%	$899K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7197	−1.755%	$668K	$398K	50x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7063	−2.034%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	−0.0052%	1h	4.7019	−2.126%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7121	−1.913%	$244K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0002%	8h	4.7005	−2.155%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7084	−1.990%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7082	−1.994%	$35K	—	150x	as long as short
Injective LIT/USDC PERPlong	+0.0033%	1h	4.8040	long leg	$422	$178K	5.5x
edgeX LITUSDC	+0.0051%	4h	4.7011	−2.142%	$286K	$312K	10x	as long as short
MEXC LIT_USDT	+0.0054%	4h	4.7001	−2.163%	$5.5M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0056%	4h	4.7002	−2.162%	$74.6M	$80.8M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7016	−2.132%	$147K	$44K	3x	as long as short
SoDEX LIT-USD	+0.0076%	1h	4.7015	−2.134%	$994	$464K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7096	−1.965%	$59.3M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7109	−1.938%	$210.0M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7107	−1.942%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7073	−2.013%	$579K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7040	−2.082%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	−2.272%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7070	−2.019%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7080	−1.998%	$55K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7044	−2.073%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7066	−2.027%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7036	−2.090%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7278	−1.586%	$189K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6999	−2.166%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0220%	4h	4.7012	−2.140%	$1.5M	$2.0M	75x	as long as short
Lighter RH LIT	+0.0264%	1h	4.7096	−1.965%	$3.6M	$13.7M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.7072	−2.015%	$31K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0375% / S −0.0169%	1h	4.7074	−2.012%	$62K	—	50x	as long as short