Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0649%/8h= +71.1% APRpaid last 24h +0.111%

Price spread now: Aftermath Perps against Phemex+0.382%7-day average +0.126% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1341.338% of the position

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.414%+$41 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.382%, 7d avg +0.126%

Together, before fees+0.450%+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aftermath Perps is 0.256% dearer against Phemex than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7340	−0.0461	get 0.0230% / 4h	2h 49m	$1.3M	$2.7M	20x
Short	Aftermath Perps LITUSD	4.7521	0.0188	get 0.0024% / 1h	49m 15s	$11K	$198K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.382%Rate

Funding earned: $136.34
Price spread: +0.382% → +0.126%: $25.55
Slippage, 4 orders: −$112.78
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $28.11
Costs to cover: 1.338%
Break-even: 5.6 days

Slippage from Phemex: live order book, 4 min ago; Aftermath Perps: live order book, 40 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	6.33 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 40 min ago	4.53 bp	29.7 bp −$30	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
Deribit LIT_USDC-PERPETUAL	−0.0908%	1h	4.7370	+0.063%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0672%	1h	4.7355	+0.032%	$33K	$4K	5x	as long as short
Backpack LIT_USDC_PERP	−0.0608%	1h	4.7424	+0.177%	$666K	$1.5M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0573%	4h	4.7326	−0.030%	$32K	$2K	10x	as long as short
Gate LIT_USDT	−0.0504%	4h	4.7430	+0.190%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDTlong	−0.0461%	4h	4.7340	long leg	$1.3M	$2.7M	20x
KuCoin LITUSDTM	−0.0328%	4h	4.7433	+0.196%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0295%	4h	4.7368	+0.059%	$25.1M	$60.7M	50x	as long as short
Bullet LIT-USD	−0.0274%	1h	4.7373	+0.070%	$85K	$81K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0268%	4h	4.7401	+0.129%	$898K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0218%	4h	4.7374	+0.072%	$42.8M	$30.2M	75x	as long as short
Nado LIT-PERP	−0.0193%	1h	4.7395	+0.116%	$2.1M	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.349%	$668K	$408K	50x	as long as short
Extended LIT-USD	−0.0088%	1h	4.7361	+0.044%	$5.2M	$5.1M	25x	as long as short
Phoenix LIT	−0.0050%	1h	4.7435	+0.201%	$245K	$321K	5x	as long as short
SoDEX LIT-USD	−0.0045%	1h	4.7365	+0.053%	$981	$476K	5x	as long as short
Paradex LIT-USD-PERP	−0.0015%	8h	4.7385	+0.095%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.253%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7426	+0.182%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7450	+0.232%	$816K	$2.0M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.479%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0043%	4h	4.7357	+0.035%	$74.8M	$80.7M	75x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7391	+0.108%	$5.9M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0053%	4h	4.7455	+0.244%	$289K	$311K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7341	+0.002%	$148K	$44K	3x	as long as short
Bulk LIT-USD	+0.0077%	1h	4.7397	+0.120%	$119K	$7K	10x	as long as short
Polymarket Perps LIT-USD	+0.0092%	1h	4.7444	+0.220%	$448K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7458	+0.249%	$59.6M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7460	+0.253%	$210.9M	$44.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7466	+0.267%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7443	+0.217%	$595K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7427	+0.184%	$118K	$444K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7400	+0.127%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7450	+0.232%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7407	+0.142%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7446	+0.224%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7443	+0.218%	$189K	$330K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7455	+0.243%	$31K	$844K	33x	as long as short
BloFin LIT-USDT	+0.0170%	4h	4.7362	+0.046%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSDshort	+0.0188%	1h	4.7521	+0.382%	$11K	$198K	10x
Lighter RH LIT	+0.0288%	1h	4.7469	+0.272%	$3.7M	$14.0M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7416	+0.161%	$60K	—	50x	as long as short