Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:10 UTC−0.0842%/8hpaid last 24h −0.215%

Price spread now: Deribit against Perpl−0.022%7-day average — · you buy dearer than you sell

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

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

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Deribit is 0.022% cheaper against Perpl than usual: you would sell low and buy high (−$2 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	Perpl LIT	4.7991	0.0223	pay 0.0020% / 43m	28m 03s	$32K	$856K	33x
Short	Deribit LIT_USDC-PERPETUAL	4.7980	−0.0618	pay 0.0077% / 1h	7m 03s	$33K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Perpl. 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 PerplbpFee DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$176.74
Price spread: −0.022% → 0.000%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$199.73
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Perpl 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 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
01 Exchange LITUSD	−0.0648%	1h	4.7919	−0.149%	$33K	$5K	5x	as long as short
Deribit LIT_USDC-PERPETUALshort	−0.0618%	1h	4.7980	−0.022%	$33K	$22K	10x
Orderly PERP_LIT_USDC	−0.0485%	4h	4.7897	−0.195%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0451%	4h	4.7930	−0.126%	$1.3M	$2.7M	20x	as long as short
Bullet LIT-USD	−0.0448%	1h	4.7960	−0.064%	$87K	$79K	20x	as long as short
Bybit LITUSDT	−0.0339%	4h	4.7985	−0.012%	$43.7M	$29.7M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0285%	4h	4.7992	+0.003%	$25.6M	$60.6M	50x	as long as short
KuCoin LITUSDTM	−0.0244%	4h	4.7952	−0.081%	$5.3M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0200%	1h	4.7920	−0.147%	$59K	$79K	50x	as long as short
SoDEX LIT-USD	−0.0194%	1h	4.7982	−0.018%	$994	$478K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDT	−0.0160%	4h	4.7970	−0.043%	$2.8M	$4.7M	50x	as long as short
Phoenix LIT	−0.0084%	1h	4.7963	−0.058%	$247K	$280K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0048%	1h	4.8039	+0.100%	$663K	$415K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0018%	4h	4.7899	−0.190%	$898K	$1.9M	10x	as long as short
Paradex LIT-USD-PERP	−0.0012%	8h	4.7850	−0.294%	$5K	$1K	5x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7920	−0.147%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8006	+0.031%	$36K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0038%	1h	4.7760	−0.481%	$419	$125K	5.5x	as long as short
Bulk LIT-USD	+0.0046%	1h	4.7925	−0.137%	$121K	$7K	10x	as long as short
RISEx LIT/USDC	+0.0061%	1h	4.8001	+0.021%	$829K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0092%	1h	4.7935	−0.116%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.8042	+0.107%	$59.9M	$29.7M	5x	as long as short
Aftermath Perps LITUSD	+0.0097%	1h	4.7973	−0.038%	$11K	$199K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8016	+0.053%	$213.0M	$45.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7933	−0.120%	$597K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7967	−0.049%	$75.4M	$80.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7919	−0.149%	$118K	$452K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7965	−0.054%	$6.3M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8020	+0.061%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7997	+0.013%	$671K	$1.5M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7913	−0.162%	$292K	$313K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7992	+0.003%	$453K	$106K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8018	+0.058%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7883	−0.224%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7924	−0.139%	$190K	$328K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7976	−0.030%	$5.4M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7866	−0.259%	$150K	$44K	3x	as long as short
Aster LITUSDT	+0.0151%	4h	4.8021	+0.062%	$12.8M	$2.6M	50x	as long as short
Lighter RH LIT	+0.0168%	1h	4.8067	+0.159%	$3.8M	$13.9M	5x	as long as short
Perpl LITlong	+0.0223%	43m	4.7991	long leg	$32K	$856K	33x
BloFin LIT-USDT	+0.0340%	4h	4.7956	−0.072%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0232%	1h	4.8005	+0.030%	$60K	—	50x	as long as short