Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0142%/8h= −15.6% APRpaid last 24h −0.081%

Price spread now: Phemex against Arcus−0.004%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Arcus Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.135%−$13 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now −0.004%, 7d avg −0.072%

Together, before fees−0.275%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.068% dearer against Arcus than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.072%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LIT-USD	4.7192	0.0100	pay 0.0013% / 1h	29m 51s	$117K	$448K	5x
Short	Phemex LITUSDT	4.7190	−0.0042	pay 0.0021% / 4h	2h 29m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Arcus. 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 ArcusbpFee PhemexbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$29.83
Price spread: −0.004% → −0.072%: $6.82
Slippage, 4 orders: −$74.21
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$113.71
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 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 Arcus live order book, 39 min ago	4.82 bp	7.7 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	8.51 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

LIT on 41 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	−0.0624%	1h	4.7134	−0.123%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0465%	4h	4.7152	−0.085%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0459%	1h	4.7222	+0.064%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0450%	1h	4.7194	+0.005%	$85K	$73K	20x	as long as short
Gate LIT_USDT	−0.0194%	4h	4.7200	+0.017%	$2.8M	$4.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.7010	−0.386%	$904K	$1.8M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0152%	4h	4.7212	+0.042%	$25.6M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0142%	4h	4.7195	+0.006%	$5.3M	$1.1M	30x	as long as short
ApeX Omni LITUSDT	−0.0112%	1h	4.7030	−0.343%	$56K	$77K	50x	as long as short
Phoenix LIT	−0.0102%	1h	4.7072	−0.254%	$203K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.036%	$668K	$372K	50x	as long as short
Phemex LITUSDTshort	−0.0042%	4h	4.7190	−0.004%	$1.4M	$2.7M	20x
Backpack LIT_USDC_PERP	−0.0042%	1h	4.7260	+0.144%	$682K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7202	+0.022%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7258	+0.140%	$473	—	150x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.594%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.797%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7147	−0.096%	$7K	$2K	5x	as long as short
SoDEX LIT-USD	+0.0066%	1h	4.7220	+0.059%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7235	+0.091%	$787K	$2.0M	5x	as long as short
Bybit LITUSDT	+0.0087%	4h	4.7190	−0.004%	$42.3M	$29.3M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7233	+0.087%	$59.2M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7261	+0.146%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7215	+0.049%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7226	+0.072%	$211.3M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7297	+0.223%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7182	−0.021%	$586K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7178	−0.030%	$75.3M	$80.5M	75x	as long as short
Arcus LIT-USDlong	+0.0100%	1h	4.7192	long leg	$117K	$448K	5x
MEXC LIT_USDT	+0.0100%	4h	4.7200	+0.017%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7230	+0.081%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6972	−0.466%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7208	+0.034%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7258	+0.140%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7248	+0.119%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7128	−0.136%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7194	+0.004%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7195	+0.006%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0276%	1h	4.7056	−0.288%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0199%	1h	4.7250	+0.123%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7213	+0.044%	$31K	$862K	33x	as long as short