Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.188%

Price spread now: Deribit against MEXC−0.311%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Deribit

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 −$9 a day on $10k at the current rate, and Deribit is 0.311% cheaper against MEXC than usual: you would sell low and buy high (−$31 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	MEXC LIT_USDT	4.7614	0.0100	pay 0.0050% / 4h	2h 30m	$5.8M	$3.8M	100x
Short	Deribit LIT_USDC-PERPETUAL	4.7466	−0.0184	pay 0.0023% / 1h	30m 38s	$42K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now −0.311%Rate

Funding earned: −$59.6
Price spread: −0.311% → 0.000%: −$31.15
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$101.75
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Deribit: 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 MEXC live order book, 2 min ago	0.10 bp	3.8 bp −$4	59.7 bp −$597	306.8 bp −$30.7K	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.659%	$612K	$347K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7417	−0.414%	$32K	$1K	10x	as long as short
Phemex LITUSDT	−0.0326%	4h	4.7470	−0.302%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0248%	1h	4.7700	+0.181%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0198%	4h	4.7406	−0.438%	$880K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0184%	1h	4.7466	−0.311%	$42K	$40K	10x
Bullet LIT-USD	−0.0156%	1h	4.7441	−0.363%	$85K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7642	+0.059%	$25.6M	$61.0M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7563	−0.107%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7709	+0.199%	$823K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7642	+0.060%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7489	−0.263%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.7528	−0.181%	$5.3M	$1.0M	30x	as long as short
Bybit LITUSDT	+0.0023%	4h	4.7640	+0.055%	$41.4M	$28.6M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.895%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7523	−0.191%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7664	+0.105%	$59.4M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7480	−0.280%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7597	−0.035%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7660	+0.097%	$76.6M	$76.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7697	+0.174%	$118K	$462K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7462	−0.319%	$118K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7580	−0.071%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDTlong	+0.0100%	4h	4.7614	long leg	$5.8M	$3.8M	100x
Bitget LITUSDT	+0.0100%	4h	4.7700	+0.181%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7502	−0.235%	$665K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7385	−0.481%	$290K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7420	−0.407%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7462	−0.319%	$446K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7484	−0.272%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7408	−0.433%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7472	−0.298%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7433	−0.380%	$201K	$345K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7647	+0.069%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7452	−0.341%	$148K	—	3x	as long as short
Hyperliquid LIT	+0.0107%	1h	4.7619	+0.011%	$213.3M	$40.7M	5x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7616	+0.004%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0220%	4h	4.7585	−0.062%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7478	−0.286%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0440% / S −0.0231%	1h	4.7467	−0.309%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7475	−0.292%	$31K	$685K	33x	as long as short
Aftermath Perps LITUSD	+0.0459%	1h	4.7522	−0.193%	$8K	$204K	10x	as long as short