Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h −0.024%

Price spread now: Phemex against Coinbase International+0.418%7-day average −0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

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

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.709%+$71 on $10k

Price spread, last 4 days (all we have)−1.199%−$120 · spread now +0.418%, 7d avg −0.174%

Together, before fees−0.491%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.592% dearer against Coinbase International than usual: you sell high and buy low: +$59 more if the spread goes back to its 7-day average of −0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.6904	−0.0192	get 0.0024% / 1h	0m 48s	$613K	$352K	50x
Short	Phemex LITUSDT	4.7100	−0.0102	pay 0.0051% / 4h	0m 48s	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Coinbase International. 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 Coinbase InternationalbpFee PhemexbpOrdersPrice spread, now +0.418%Rate

Funding earned: $18.97
Price spread: +0.418% → −0.174%: $59.23
Slippage, 4 orders: −$68.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$12.52
Costs to cover: 0.907%
Break-even: 11.6 days

Slippage from Coinbase International: live order book, 57 min ago; Phemex: live order book, 3 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 Coinbase International live order book, 57 min ago	7.27 bp	20.6 bp −$21	71.1 bp −$711	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	4.25 bp	29.1 bp −$29	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
01 Exchange LITUSD	−0.0400%	1h	4.7099	+0.416%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.7051	+0.314%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0323%	1h	4.7114	+0.448%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0293%	1h	4.7108	+0.435%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0192%	1h	4.6904	long leg	$613K	$352K	50x
Gate LIT_USDT	−0.0122%	4h	4.7200	+0.631%	$2.8M	$4.3M	50x	as long as short
Phemex LITUSDTshort	−0.0102%	4h	4.7100	+0.418%	$1.4M	$2.8M	20x
Bybit LITUSDT	−0.0100%	4h	4.7170	+0.567%	$41.3M	$28.9M	75x	as long as short
Phoenix LIT	−0.0034%	1h	4.7099	+0.416%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7231	+0.696%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7136	+0.495%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0007%	4h	4.7146	+0.516%	$25.4M	$61.4M	50x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7143	+0.510%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.422%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0063%	1h	4.7173	+0.574%	$662K	$1.4M	5x	as long as short
Extended LIT-USD	+0.0064%	1h	4.7152	+0.530%	$5.2M	$5.0M	25x	as long as short
Nado LIT-PERP	+0.0066%	1h	4.7120	+0.461%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0067%	1h	4.7080	+0.375%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7104	+0.426%	$6K	$2K	5x	as long as short
Aftermath Perps LITUSD	+0.0073%	1h	4.7095	+0.408%	$10K	$204K	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7166	+0.558%	$786K	$2.1M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7244	+0.725%	$58.9M	$29.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7268	+0.776%	$3.8M	$13.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7252	+0.742%	$211.0M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7157	+0.540%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7187	+0.604%	$75.6M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	+0.529%	$118K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	+0.329%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7151	+0.527%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	+0.653%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7105	+0.430%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7089	+0.395%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7138	+0.499%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7134	+0.490%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7141	+0.506%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7110	+0.439%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7182	+0.593%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7094	+0.406%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7180	+0.589%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7219	+0.671%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7082	+0.380%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7140	+0.504%	$65K	—	50x	as long as short