Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0547%/8h= +59.9% APRpaid last 24h +0.060%

Price spread now: Aevo against Phemex+0.020%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1401.400% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.020%, 7d avg −0.004%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Aevo is 0.024% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7860	−0.0475	get 0.0238% / 4h	54m 45s	$1.4M	$2.7M	20x
Short	Aevo LIT-PERP	4.7870	0.0072	get 0.0009% / 1h	54m 45s	$150K	$44K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now +0.020%Rate

Funding earned: $114.94
Price spread: +0.020% → −0.004%: $2.45
Slippage, 4 orders: −$111.97
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.58
Costs to cover: 1.400%
Break-even: 8.4 days

Slippage from Phemex: live order book, 4 min ago; Aevo: live order book, 24 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 Phemex live order book, 4 min ago	3.14 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 24 min ago	14.95 bp	36.6 bp −$37	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
Gate LIT_USDT	−0.1036%	4h	4.7910	+0.104%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0766%	1h	4.7865	+0.010%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0620%	4h	4.7833	−0.056%	$33K	$2K	10x	as long as short
Phemex LITUSDTlong	−0.0475%	4h	4.7860	long leg	$1.4M	$2.7M	20x
OKX LIT-USDT-SWAP	−0.0456%	4h	4.7843	−0.036%	$26.0M	$64.3M	50x	as long as short
01 Exchange LITUSD	−0.0416%	1h	4.7831	−0.061%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0327%	1h	4.7860	0.000%	$86K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0238%	4h	4.7878	+0.038%	$5.3M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0193%	4h	4.7852	−0.017%	$43.2M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.8000	+0.292%	$679K	$405K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LIT_USDT_Perp	−0.0118%	4h	4.7820	−0.084%	$917K	$1.8M	10x	as long as short
Aftermath Perps LITUSD	−0.0088%	1h	4.7789	−0.148%	$13K	$203K	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7829	−0.065%	$208K	$353K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7913	+0.111%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7897	+0.078%	$32K	$840K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7923	+0.131%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0008%	8h	4.7854	−0.012%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7901	+0.086%	$824K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.376%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0062%	4h	4.7767	−0.193%	$291K	$310K	10x	as long as short
MEXC LIT_USDT	+0.0062%	4h	4.7855	−0.010%	$5.7M	$4.1M	100x	as long as short
Binance LITUSDT	+0.0067%	4h	4.7829	−0.065%	$76.2M	$81.3M	75x	as long as short
Aevo LIT-PERPshort	+0.0072%	1h	4.7870	+0.020%	$150K	$44K	3x
Lighter LIT	+0.0096%	1h	4.7910	+0.104%	$60.3M	$29.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7847	−0.026%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7919	+0.123%	$12.8M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7910	+0.104%	$621K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7887	+0.056%	$119K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.614%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7900	+0.084%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7901	+0.086%	$680K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7830	−0.063%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7869	+0.019%	$452K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7904	+0.092%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7873	+0.027%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7860	0.000%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7912	+0.109%	$192K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7858	−0.003%	$5.3M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0112%	1h	4.7927	+0.140%	$3.7M	$13.8M	5x	as long as short
Hyperliquid LIT	+0.0260%	1h	4.7957	+0.203%	$215.0M	$44.7M	5x	as long as short
BloFin LIT-USDT	+0.0267%	4h	4.7834	−0.054%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7900	+0.083%	$63K	—	50x	as long as short