Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0578%/8h= +63.3% APRpaid last 24h +0.159%

Price spread now: Bulk against Orderly−0.157%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bulk

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

Funding pays, the price is against you. Bulk is 0.157% cheaper against Orderly than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 22 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LIT_USDC	4.7735	−0.0478	get 0.0239% / 4h	3h 07m	$33K	$2K	10x
Short	Bulk LIT-USD	4.7660	0.0100	get 0.0013% / 1h	7m 19s	$119K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Orderly. 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 OrderlybpFee BulkbpOrdersPrice spread, now −0.157%Rate

Funding earned: $121.48
Price spread: −0.157% → 0.000%: −$15.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $92.82
Costs to cover: 0.130%
Break-even: 1.7 days

Slippage unknown: Orderly: no order-book sample; Bulk: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Bulk live order book, 1 min ago	0.42 bp	5.5 bp −$6	14.3 bp −$143	38.3 bp −$3,830	doesn't fit

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	−0.0732%	1h	4.7793	+0.122%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0478%	4h	4.7735	long leg	$33K	$2K	10x
01 Exchange LITUSD	−0.0440%	1h	4.7710	−0.052%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0381%	1h	4.7782	+0.098%	$86K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0195%	4h	4.7808	+0.153%	$26.0M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0194%	1h	4.7680	−0.115%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7746	+0.023%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0092%	4h	4.7680	−0.115%	$906K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.100%	$676K	$392K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.084%	$208K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7802	+0.141%	$32K	$849K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7812	+0.161%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7837	+0.215%	$479	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.639%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.7759	+0.050%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0074%	1h	4.7779	+0.092%	$452K	$104K	10x	as long as short
Nado LIT-PERP	+0.0084%	1h	4.7735	−0.001%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7846	+0.233%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7853	+0.247%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7781	+0.096%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7750	+0.032%	$76.3M	$79.8M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7760	+0.052%	$43.0M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7780	+0.094%	$118K	$448K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.7660	−0.157%	$119K	$1K	10x
Gate LIT_USDT	+0.0100%	4h	4.7750	+0.031%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7759	+0.050%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7820	+0.178%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7768	+0.069%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7696	−0.081%	$290K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7828	+0.195%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7807	+0.151%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7798	+0.132%	$1K	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7740	+0.010%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7760	+0.052%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7763	+0.059%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7766	+0.064%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7809	+0.154%	$797K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7882	+0.308%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0319%	1h	4.7863	+0.268%	$214.9M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7767	+0.067%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0351%	1h	4.7738	+0.006%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0401% / S −0.0190%	1h	4.7828	+0.195%	$64K	—	50x	as long as short