Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0609%/8h= +66.7% APRpaid last 24h +0.190%

Price spread now: Perpl against Orderly+0.118%55s7-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 Perpl

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—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Perpl is 0.118% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	Orderly PERP_LIT_USDC	4.7543	−0.0609	get 0.0305% / 4h	42m 29s	$33K	$2K	10x
Short	Perpl LIT	4.7599	0	get 0.0000% / 43m	38m 29s	$31K	$840K	33x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.118%Rate

Funding earned: $127.98
Price spread: +0.118% → 0.000%: $11.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $120
Costs to cover: 0.198%
Break-even: 0.4 days

Slippage unknown: Orderly: no order-book sample; Perpl: 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 Perpl no order-book sample	—	—	—	—	—

Orderly and Perpl: 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	−0.0912%	4h	4.7630	+0.183%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0860%	1h	4.7588	+0.095%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDClong	−0.0609%	4h	4.7543	long leg	$33K	$2K	10x
01 Exchange LITUSD	−0.0544%	1h	4.7501	−0.088%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0445%	4h	4.7570	+0.057%	$25.8M	$63.9M	50x	as long as short
Phemex LITUSDT	−0.0443%	4h	4.7590	+0.099%	$1.4M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0299%	1h	4.7563	+0.042%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0234%	4h	4.7613	+0.147%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0128%	4h	4.7570	+0.057%	$42.9M	$30.0M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7920	+0.793%	$678K	$405K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0112%	4h	4.7819	+0.581%	$909K	$1.8M	10x	as long as short
Phoenix LIT	−0.0050%	1h	4.7853	+0.652%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7584	+0.086%	$34K	—	5x	as long as short
Perpl LITshort	0.0000%	43m	4.7599	+0.118%	$31K	$840K	33x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7619	+0.160%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0011%	8h	4.7564	+0.045%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7617	+0.156%	$819K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.045%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0072%	4h	4.7820	+0.582%	$291K	$312K	10x	as long as short
Binance LITUSDT	+0.0074%	4h	4.7546	+0.006%	$75.7M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0076%	4h	4.7546	+0.006%	$5.6M	$4.1M	100x	as long as short
Aftermath Perps LITUSD	+0.0077%	1h	4.7755	+0.445%	$13K	$203K	10x	as long as short
Aevo LIT-PERP	+0.0080%	1h	4.7579	+0.076%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7646	+0.217%	$59.9M	$29.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7565	+0.046%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7626	+0.175%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7615	+0.151%	$602K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7608	+0.137%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7741	+0.417%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7590	+0.099%	$6.8M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7612	+0.145%	$676K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7820	+0.583%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7580	+0.078%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7624	+0.170%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7607	+0.135%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7587	+0.093%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7836	+0.616%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7567	+0.050%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0160%	1h	4.7674	+0.276%	$3.7M	$13.9M	5x	as long as short
Hyperliquid LIT	+0.0249%	1h	4.7661	+0.249%	$213.7M	$44.9M	5x	as long as short
BloFin LIT-USDT	+0.0306%	4h	4.7564	+0.044%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7603	+0.126%	$62K	—	50x	as long as short