Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.052%

Price spread now: Phemex against gTrade (Gains Network)−0.102%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.102% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$10 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	gTrade (Gains Network) LIT/USD	4.7378	L +0.0003% / S 0.0000%	pay 0.0000% / 1h	24m 14s	$474	—	150x
Short	Phemex LITUSDT	4.7330	−0.0133	pay 0.0066% / 4h	2h 24m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$28.53
Price spread: −0.102% → 0.000%: −$10.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$60.68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	6.34 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
Deribit LIT_USDC-PERPETUAL	−0.0700%	1h	4.7346	−0.068%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0632%	1h	4.7315	−0.133%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0462%	4h	4.7280	−0.207%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0461%	1h	4.7352	−0.054%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0209%	1h	4.7190	−0.397%	$56K	$77K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0172%	4h	4.7370	−0.017%	$900K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.7367	−0.023%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0137%	4h	4.7386	+0.017%	$25.7M	$63.9M	50x	as long as short
Phemex LITUSDTshort	−0.0133%	4h	4.7330	−0.102%	$1.4M	$2.7M	20x
Gate LIT_USDT	−0.0108%	4h	4.7360	−0.038%	$2.8M	$4.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0102%	1h	4.7401	+0.048%	$205K	$352K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7409	+0.064%	$671K	$374K	50x	as long as short
Bulk LIT-USD	−0.0039%	1h	4.7299	−0.167%	$118K	$1K	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7412	+0.071%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S 0.0000%	1h	4.7378	long leg	$474	—	150x
Bybit LITUSDT	+0.0010%	4h	4.7341	−0.078%	$42.4M	$29.3M	75x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7343	−0.074%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.397%	$422	$178K	5.5x	as long as short
SoDEX LIT-USD	+0.0060%	1h	4.7353	−0.053%	$1K	$449K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0064%	1h	4.7407	+0.061%	$684K	$1.4M	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7392	+0.029%	$790K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7431	+0.112%	$59.4M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7451	+0.154%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7306	−0.151%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7430	+0.110%	$212.2M	$42.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7411	+0.069%	$588K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7343	−0.074%	$75.5M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7376	−0.004%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7340	−0.080%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.046%	$6.8M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7361	−0.037%	$288K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7383	+0.010%	$448K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7382	+0.008%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7387	+0.019%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7445	+0.141%	$190K	$354K	30x	as long as short
Aster LITUSDT	+0.0101%	4h	4.7441	+0.133%	$12.7M	$2.1M	50x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7318	−0.127%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7328	−0.106%	$148K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0257%	1h	4.7289	−0.188%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0405% / S −0.0197%	1h	4.7382	+0.009%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7402	+0.050%	$31K	$856K	33x	as long as short