Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0421%/8h= +46.0% APRpaid last 24h −0.052%

Price spread now: Deribit against Orderly+0.134%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.134% dearer against Orderly than usual: you sell high and buy low: +$13 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	Orderly PERP_LIT_USDC	4.7011	−0.0421	get 0.0210% / 4h	2h 00m	$32K	$1K	10x
Short	Deribit LIT_USDC-PERPETUAL	4.7074	0	get 0.0000% / 1h	0m 39s	$41K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.134%Rate

Funding earned: $88.31
Price spread: +0.134% → 0.000%: $13.36
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $88.67
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Orderly and 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 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
01 Exchange LITUSD	−0.0480%	1h	4.7089	+0.166%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0421%	4h	4.7011	long leg	$32K	$1K	10x
Bullet LIT-USD	−0.0301%	1h	4.7072	+0.129%	$85K	$67K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0102%	4h	4.6953	−0.124%	$898K	$1.7M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	−0.045%	$203K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7385	+0.794%	$670K	$370K	50x	as long as short
ApeX Omni LITUSDT	−0.0069%	1h	4.6920	−0.194%	$56K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0064%	4h	4.7061	+0.106%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7097	+0.183%	$25.5M	$61.7M	50x	as long as short
Phemex LITUSDT	−0.0055%	4h	4.7060	+0.104%	$1.4M	$2.7M	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0002%	4h	4.7090	+0.168%	$2.8M	$4.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7092	+0.171%	$34K	—	5x	as long as short
Deribit LIT_USDC-PERPETUALshort	0.0000%	1h	4.7074	+0.134%	$41K	$40K	10x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7089	+0.166%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.189%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	−0.295%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0052%	8h	4.7037	+0.055%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7105	+0.201%	$811K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7119	+0.230%	$59.0M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7085	+0.157%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7160	+0.317%	$210.9M	$41.3M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7092	+0.172%	$584K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7070	+0.126%	$74.9M	$78.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7084	+0.155%	$41.8M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7080	+0.147%	$117K	$444K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7062	+0.108%	$5.4M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7110	+0.211%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7112	+0.215%	$683K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6943	−0.145%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7072	+0.130%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7090	+0.167%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7058	+0.100%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7090	+0.168%	$1K	$415K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7050	+0.083%	$190K	$352K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7049	+0.081%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7056	+0.096%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0141%	4h	4.7161	+0.319%	$12.6M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0224%	1h	4.7179	+0.357%	$3.7M	$13.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0296%	1h	4.7033	+0.046%	$9K	$209K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0407% / S −0.0202%	1h	4.7083	+0.153%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7091	+0.169%	$31K	$833K	33x	as long as short