Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.041%

Price spread now: Derive against KuCoin+0.089%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Derive

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Derive is 0.089% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.6889	−0.0044	get 0.0022% / 4h	1h 54m	$5.2M	$1.1M	30x
Short	Derive LIT-PERP	4.6931	0.0100	get 0.0013% / 1h	54m 00s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against KuCoin. 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 KuCoinbpFee DerivebpOrdersPrice spread, now +0.089%Rate

Funding earned: $30.24
Price spread: +0.089% → 0.000%: $8.88
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $21.12
Costs to cover: 0.180%
Break-even: 2.1 days

Slippage unknown: KuCoin: live order book, 4 min ago; Derive: 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 KuCoin live order book, 4 min ago	8.55 bp	27.7 bp −$28	430.9 bp −$4,309	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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 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
ApeX Omni LITUSDT	−0.1086%	1h	4.6680	−0.446%	$56K	$77K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0410%	4h	4.6859	−0.064%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.6816	−0.156%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0229%	1h	4.6874	−0.033%	$84K	$67K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0210%	1h	4.6919	+0.064%	$41K	$40K	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6902	+0.028%	$202K	$341K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0076%	4h	4.6750	−0.296%	$890K	$1.7M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0044%	4h	4.6902	+0.028%	$25.4M	$61.5M	50x	as long as short
KuCoin LITUSDTMlong	−0.0044%	4h	4.6889	long leg	$5.2M	$1.1M	30x
Phemex LITUSDT	−0.0027%	4h	4.6870	−0.041%	$1.4M	$2.8M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6867	−0.046%	$663K	$366K	50x	as long as short
Gate LIT_USDT	−0.0018%	4h	4.6890	+0.002%	$2.7M	$4.2M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6909	+0.042%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0033%	1h	4.6916	+0.058%	$682K	$1.3M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.455%	$422	$178K	5.5x	as long as short
dYdX LIT-USD	+0.0049%	1h	4.6872	−0.037%	$34K	—	5x	as long as short
Paradex LIT-USD-PERP	+0.0058%	8h	4.6827	−0.132%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0076%	1h	4.6847	−0.090%	$117K	$1K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6957	+0.145%	$58.6M	$28.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6872	−0.036%	$781K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6860	−0.062%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6941	+0.111%	$209.9M	$40.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6879	−0.020%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6877	−0.026%	$74.6M	$78.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6873	−0.034%	$41.6M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6846	−0.092%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6892	+0.006%	$5.4M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6910	+0.045%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6739	−0.320%	$285K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6862	−0.058%	$443K	$104K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6931	+0.089%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6828	−0.130%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6940	+0.109%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6959	+0.149%	$191K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6859	−0.063%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6904	+0.033%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0148%	4h	4.6941	+0.110%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0168%	1h	4.6968	+0.168%	$3.7M	$13.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0283%	1h	4.6925	+0.077%	$10K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0408% / S −0.0204%	1h	4.6905	+0.035%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6886	−0.006%	$31K	$832K	33x	as long as short