Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC−0.0491%/8h= −53.8% APRpaid last 24h −0.201%

Price spread now: Orderly against Perpl−0.178%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 Orderly

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 −$15 a day on $10k at the current rate, and Orderly is 0.178% cheaper against Perpl than usual: you would sell low and buy high (−$18 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	4.7098	0.0112	pay 0.0010% / 43m	26m 12s	$31K	$745K	33x
Short	Orderly PERP_LIT_USDC	4.7014	−0.0380	pay 0.0190% / 4h	3h 29m	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.178%Rate

Funding earned: −$103.16
Price spread: −0.178% → 0.000%: −$17.77
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$140.73
Costs to cover: 0.198%
Break-even: never at this rate

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

Perpl and 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	−0.0574%	1h	4.7071	−0.057%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDCshort	−0.0380%	4h	4.7014	−0.178%	$32K	$1K	10x
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.411%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0268%	1h	4.7075	−0.049%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7016	−0.173%	$33K	$3K	5x	as long as short
Phemex LITUSDT	−0.0111%	4h	4.7050	−0.101%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0063%	4h	4.7070	−0.059%	$41.1M	$28.9M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0027%	4h	4.7078	−0.042%	$25.3M	$61.1M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	+0.090%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7105	+0.015%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7072	−0.055%	$799K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7121	+0.050%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7104	+0.014%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0014%	4h	4.7060	−0.080%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.001%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0038%	1h	4.7054	−0.092%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6982	−0.245%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7143	+0.096%	$58.8M	$28.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7159	+0.130%	$210.5M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7084	−0.029%	$572K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7054	−0.093%	$75.5M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7059	−0.082%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	−0.035%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7100	+0.005%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7058	−0.084%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7090	−0.016%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7092	−0.012%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7089	−0.019%	$288K	$306K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7133	+0.076%	$905K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7080	−0.038%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7104	+0.013%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7080	−0.038%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7076	−0.046%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7096	−0.004%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7056	−0.088%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7056	−0.089%	$147K	—	3x	as long as short
Perpl LITlong	+0.0112%	43m	4.7098	long leg	$31K	$745K	33x
Lighter RH LIT	+0.0200%	1h	4.7158	+0.128%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0213%	1h	4.7120	+0.047%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0256%	4h	4.7151	+0.114%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7059	−0.082%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7108	+0.021%	$65K	—	50x	as long as short