Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0459%/8h= +50.2% APRpaid last 24h +0.134%

Price spread now: Polymarket Perps against Orderly+0.094%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 Polymarket Perps

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 +$14 a day on $10k at the current rate, and Polymarket Perps is 0.094% dearer against Orderly 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	Orderly PERP_LIT_USDC	4.6885	−0.0388	get 0.0194% / 4h	23m 24s	$32K	$1K	10x
Short	Polymarket Perps LIT-USD	4.6929	0.0071	get 0.0009% / 1h	23m 24s	$439K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.094%Rate

Funding earned: $96.34
Price spread: +0.094% → 0.000%: $9.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $91.73
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 34 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 Polymarket Perps live order book, 34 min ago	4.06 bp	14.2 bp −$14	31.3 bp −$313	doesn't fit	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	−0.0593%	1h	4.6940	+0.118%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.6912	+0.058%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDClong	−0.0388%	4h	4.6885	long leg	$32K	$1K	10x
Bullet LIT-USD	−0.0277%	1h	4.6935	+0.107%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	−0.080%	$612K	$398K	50x	as long as short
Gate LIT_USDT	−0.0170%	4h	4.6940	+0.117%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0083%	4h	4.6942	+0.122%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0056%	4h	4.6910	+0.053%	$1.4M	$2.8M	20x	as long as short
Phoenix LIT	−0.0034%	1h	4.6980	+0.203%	$202K	$305K	5x	as long as short
Extended LIT-USD	−0.0032%	1h	4.6943	+0.123%	$5.1M	$5.0M	25x	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	4.6972	+0.185%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6969	+0.179%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0009%	4h	4.6959	+0.158%	$25.2M	$61.2M	50x	as long as short
KuCoin LITUSDTM	+0.0012%	4h	4.6949	+0.137%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.463%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0035%	1h	4.6958	+0.156%	$657K	$1.4M	5x	as long as short
Polymarket Perps LIT-USDshort	+0.0071%	1h	4.6929	+0.094%	$439K	$109K	10x
Nado LIT-PERP	+0.0073%	1h	4.6925	+0.085%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.6896	+0.023%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6945	+0.128%	$795K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6977	+0.196%	$58.5M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6994	+0.232%	$3.6M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6998	+0.241%	$210.2M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6922	+0.079%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6916	+0.066%	$75.0M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6953	+0.145%	$117K	$458K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	+0.021%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6910	+0.053%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6940	+0.117%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6936	+0.108%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6950	+0.139%	$903K	$1.8M	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6950	+0.139%	$56K	$76K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6986	+0.216%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6933	+0.102%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6955	+0.149%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7014	+0.275%	$199K	$368K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6929	+0.094%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0218%	4h	4.6963	+0.166%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0253%	1h	4.6946	+0.129%	$9K	$207K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6967	+0.174%	$31K	$770K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6988	+0.220%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.6969	+0.179%	$65K	—	50x	as long as short