Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.081%

Price spread now: Phemex against Aevo−0.122%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$1971.967% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now −0.122%, 7d avg +0.005%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.127% cheaper against Aevo than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LIT-PERP	4.7778	0.0104	pay 0.0013% / 1h	15m 05s	$149K	—	3x
Short	Phemex LITUSDT	4.7720	0.0100	get 0.0050% / 4h	3h 15m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$0.84
Price spread: −0.122% → +0.005%: −$12.68
Slippage, 4 orders: −$168.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$210.22
Costs to cover: 1.967%
Break-even: never at this rate

Slippage from Aevo: live order book, 59 min ago; Phemex: live order book, 4 min ago.

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 Aevo live order book, 59 min ago	45.52 bp	56.5 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	8.42 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit

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	−0.0637%	1h	4.7757	−0.044%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0482%	4h	4.7696	−0.172%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7629	−0.312%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0346%	1h	4.7724	−0.114%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0199%	4h	4.7742	−0.076%	$25.9M	$63.8M	50x	as long as short
ApeX Omni LITUSDT	−0.0190%	1h	4.7640	−0.289%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0124%	4h	4.7772	−0.013%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7722	−0.117%	$675K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7630	−0.310%	$911K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7641	−0.287%	$207K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7719	−0.124%	$32K	$853K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7732	−0.096%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7770	−0.017%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.548%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0047%	8h	4.7654	−0.259%	$7K	$2K	5x	as long as short
Nado LIT-PERP	+0.0050%	1h	4.7665	−0.237%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0095%	1h	4.7738	−0.084%	$451K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7798	+0.041%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7784	+0.012%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7708	−0.148%	$591K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7734	−0.093%	$76.2M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7732	−0.097%	$43.0M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7691	−0.183%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.632%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7730	−0.101%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7720	−0.122%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7790	+0.025%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7769	−0.019%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7595	−0.383%	$290K	$309K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7790	+0.024%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7677	−0.212%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7741	−0.078%	$989	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7716	−0.130%	$190K	$346K	30x	as long as short
Phemex LITUSDTshort	+0.0100%	4h	4.7720	−0.122%	$1.4M	$2.7M	20x
Extended LIT-USD	+0.0104%	1h	4.7724	−0.113%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERPlong	+0.0104%	1h	4.7778	long leg	$149K	—	3x
RISEx LIT/USDC	+0.0119%	1h	4.7710	−0.144%	$795K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7829	+0.106%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7722	−0.118%	$1.6M	$2.0M	75x	as long as short
Hyperliquid LIT	+0.0347%	1h	4.7835	+0.119%	$214.7M	$43.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0395%	1h	4.7626	−0.318%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0188%	1h	4.7761	−0.036%	$64K	—	50x	as long as short