Settings8H · net · $10k
Funding arb · Price arb /

LIT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.034%
Price spread now: ApeX Omni against Phemex−0.546%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.546% cheaper against Phemex than usual: you would sell low and buy high (spread −0.546% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 3.5 days of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.094% in total) that is about 41 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.094% in total (about 4.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LITUSDT4.7650−0.0426get 0.0213% / 4h2h 36m$1.4M$2.8M20x
ShortApeX Omni LITUSDT4.73900.0100get 0.0013% / 1h36m 59s$57K$74K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
$110.54
Price spread: −0.546% → 0.000%
−$54.56
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$33.98
Costs to cover
0.220%
Break-even
4.8 days
Slippage unknown: Phemex: live order book, 2 min ago; ApeX Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago4.21 bp32.8 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
ApeX Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LIT-PERP-INTX−0.0448%1h4.7300−0.734%$612K$358K50xas long as short
Phemex LITUSDTlong−0.0426%4h4.7650long leg$1.4M$2.8M20x
Orderly PERP_LIT_USDC−0.0375%4h4.7637−0.027%$33K$1K10xas long as short
01 Exchange LITUSD−0.0288%1h4.7634−0.034%$31K$5K5xas long as short
Deribit LIT_USDC-PERPETUAL−0.0205%1h4.7665+0.031%$42K$40K10xas long as short
GRVT LIT_USDT_Perp−0.0204%4h4.7462−0.395%$899K$1.8M10xas long as short
Bullet LIT-USD−0.0158%1h4.7654+0.008%$86K$68K20xas long as short
OKX LIT-USDT-SWAP−0.0142%4h4.7672+0.046%$25.7M$61.2M50xas long as short
Bybit LITUSDT−0.0035%4h4.7690+0.084%$41.6M$28.6M75xas long as short
Phoenix LIT−0.0017%1h4.7579−0.149%$205K$283K5xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx LIT/USDC−0.0012%1h4.7668+0.038%$821K$2.2M5xas long as short
dYdX LIT-USD0.0000%1h4.7643−0.015%$34K5xas long as short
gTrade (Gains Network) LIT/USDL +0.0003% / S −0.0002%1h4.7689+0.082%$11K150xas long as short
KuCoin LITUSDTM+0.0010%4h4.7665+0.031%$5.3M$1.0M30xas long as short
Injective LIT/USDC PERP+0.0033%1h4.8040+0.818%$422$178K5.5xas long as short
Paradex LIT-USD-PERP+0.0093%8h4.7604−0.096%$7K$2K5xas long as short
Lighter LIT+0.0096%1h4.7746+0.201%$59.5M$27.7M5xas long as short
Nado LIT-PERP+0.0100%1h4.7625−0.054%$2.2M$1.6M10xas long as short
Hyperliquid LIT+0.0100%1h4.7772+0.256%$214.0M$40.6M5xas long as short
Pacifica LIT+0.0100%1h4.7640−0.021%$576K$1.6M10xas long as short
Binance LITUSDT+0.0100%4h4.7678+0.059%$76.6M$77.2M75xas long as short
Arcus LIT-USD+0.0100%1h4.7653+0.006%$118K$463K5xas long as short
Gate LIT_USDT+0.0100%4h4.7660+0.021%$2.8M$4.2M50xas long as short
MEXC LIT_USDT+0.0100%4h4.7688+0.080%$5.8M$3.8M100xas long as short
Bitget LITUSDT+0.0100%4h4.7710+0.126%$6.8M$2.6M20xas long as short
Backpack LIT_USDC_PERP+0.0100%1h4.7716+0.139%$668K$1.1M5xas long as short
edgeX LITUSDC+0.0100%4h4.7387−0.551%$290K$304K10xas long as short
ApeX Omni LITUSDTshort+0.0100%1h4.7390−0.546%$57K$74K50x
Polymarket Perps LIT-USD+0.0100%1h4.7644−0.013%$448K$85K10xas long as short
Derive LIT-PERP+0.0100%1h4.7689+0.082%$2K6.7xas long as short
SunX LIT-USDT+0.0100%4h4.7594−0.118%$4K$1.1M20xas long as short
SoDEX LIT-USD+0.0100%1h4.7683+0.069%$1K$352K5xas long as short
HTX LIT-USDT+0.0100%4h4.7546−0.218%$201K$347K30xas long as short
Bulk LIT-USD+0.0100%1h4.7306−0.722%$118K$7K10xas long as short
Extended LIT-USD+0.0104%1h4.7668+0.037%$5.2M$4.9M25xas long as short
Aevo LIT-PERP+0.0104%1h4.7670+0.042%$149K3xas long as short
Lighter RH LIT+0.0184%1h4.7757+0.225%$3.7M$13.0M5xas long as short
Aster LITUSDT+0.0211%4h4.7762+0.235%$12.8M$1.9M50xas long as short
BloFin LIT-USDT+0.0340%4h4.7663+0.027%$1.6M$1.9M75xas long as short
Aftermath Perps LITUSD+0.0429%1h4.7466−0.385%$8K$204K10xas long as short
GMX LIT/USD [ETH-USDC]L +0.0440% / S −0.0231%1h4.7692+0.087%$66K50xas long as short
Perpl LIT+0.0447%43m4.7648−0.005%$31K$688K33xas long as short