Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.113%

Price spread now: Phemex against Deribit+0.038%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Phemex

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—needs both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Phemex is 0.038% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LIT_USDC-PERPETUAL	4.7912	−0.0655	get 0.0082% / 1h	43m 01s	$42K	$40K	10x
Short	Phemex LITUSDT	4.7930	0.0061	get 0.0031% / 4h	43m 01s	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Deribit. 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 DeribitbpFee PhemexbpOrdersPrice spread, now +0.038%Rate

Funding earned: $150.4
Price spread: +0.038% → 0.000%: $3.78
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: $135.18
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 6 min ago. 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 Deribit no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	5.21 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit

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
Deribit LIT_USDC-PERPETUALlong	−0.0655%	1h	4.7912	long leg	$42K	$40K	10x
01 Exchange LITUSD	−0.0392%	1h	4.7923	+0.023%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0366%	4h	4.7869	−0.090%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.276%	$605K	$347K	50x	as long as short
Bullet LIT-USD	−0.0261%	1h	4.7924	+0.025%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0143%	4h	4.7930	+0.038%	$25.7M	$59.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0096%	4h	4.7900	−0.025%	$891K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0079%	1h	4.7900	−0.025%	$57K	$73K	50x	as long as short
Bybit LITUSDT	−0.0007%	4h	4.7933	+0.044%	$41.7M	$28.0M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8000	+0.185%	$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	4.7968	+0.117%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.267%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7998	+0.180%	$206K	$293K	5x	as long as short
Phemex LITUSDTshort	+0.0061%	4h	4.7930	+0.038%	$1.4M	$2.8M	20x
RISEx LIT/USDC	+0.0064%	1h	4.7976	+0.134%	$801K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7929	+0.035%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8008	+0.201%	$59.7M	$26.4M	5x	as long as short
KuCoin LITUSDTM	+0.0098%	4h	4.7944	+0.067%	$5.5M	$958K	30x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7920	+0.017%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7984	+0.151%	$770K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7914	+0.004%	$76.8M	$74.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7955	+0.090%	$125K	$447K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8008	+0.201%	$120K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7960	+0.100%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7910	−0.004%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7960	+0.100%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7978	+0.138%	$766K	$945K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7930	+0.037%	$293K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7941	+0.061%	$450K	$82K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7975	+0.131%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7917	+0.011%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7918	+0.013%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7931	+0.040%	$200K	$298K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7904	−0.017%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7914	+0.004%	$150K	—	3x	as long as short
Lighter RH LIT	+0.0144%	1h	4.8006	+0.196%	$3.7M	$12.7M	5x	as long as short
Aster LITUSDT	+0.0183%	4h	4.8029	+0.244%	$12.9M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0262%	1h	4.8034	+0.255%	$216.8M	$39.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0326%	1h	4.7946	+0.071%	$10K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7898	−0.029%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7961	+0.102%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7966	+0.113%	$32K	$653K	33x	as long as short