Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.081%

Price spread now: Arcus against Phemex+0.034%7-day average +0.075% · 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−$87as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.034%, 7d avg +0.075%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.040% cheaper against Phemex than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.075%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.6760	0.0012	pay 0.0006% / 4h	1h 41m	$1.4M	$2.8M	20x
Short	Arcus LIT-USD	4.6776	0.0100	get 0.0013% / 1h	41m 29s	$117K	$447K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.034%Rate

Funding earned: $18.45
Price spread: +0.034% → +0.075%: −$4.04
Slippage, 4 orders: −$66.52
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$68.61
Costs to cover: 0.830%
Break-even: 33.0 days

Slippage from Phemex: live order book, 2 min ago; Arcus: live order book, 22 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, 2 min ago	3.21 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 22 min ago	4.90 bp	7.6 bp −$8	9.7 bp −$97	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
Orderly PERP_LIT_USDC	−0.0394%	4h	4.6721	−0.083%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0325%	1h	4.6771	+0.024%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0295%	1h	4.6781	+0.044%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.6742	−0.038%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0126%	4h	4.6750	−0.021%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.068%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6865	+0.225%	$658K	$372K	50x	as long as short
KuCoin LITUSDTM	−0.0012%	4h	4.6767	+0.015%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0010%	4h	4.6792	+0.068%	$25.2M	$61.5M	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6798	+0.082%	$11K	—	150x	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	+0.0010%	4h	4.6830	+0.149%	$909K	$1.7M	10x	as long as short
Phemex LITUSDTlong	+0.0012%	4h	4.6760	long leg	$1.4M	$2.8M	20x
dYdX LIT-USD	+0.0014%	1h	4.6721	−0.083%	$34K	—	5x	as long as short
Backpack LIT_USDC_PERP	+0.0028%	1h	4.6809	+0.105%	$682K	$1.4M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.737%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0057%	1h	4.6800	+0.086%	$56K	$77K	50x	as long as short
Paradex LIT-USD-PERP	+0.0066%	8h	4.6713	−0.101%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	+0.097%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6770	+0.021%	$58.4M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6785	+0.054%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6749	−0.022%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6807	+0.101%	$209.1M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6722	−0.081%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6749	−0.024%	$74.3M	$78.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6760	0.000%	$41.4M	$28.5M	75x	as long as short
Arcus LIT-USDshort	+0.0100%	1h	4.6776	+0.034%	$117K	$447K	5x
MEXC LIT_USDT	+0.0100%	4h	4.6701	−0.126%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6820	+0.128%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6793	+0.070%	$285K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6782	+0.047%	$442K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6799	+0.083%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6781	+0.045%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6810	+0.107%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6860	+0.214%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6743	−0.037%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6774	+0.029%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.6789	+0.062%	$3.6M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0181%	4h	4.6812	+0.111%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0259%	1h	4.6810	+0.106%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6811	+0.109%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6796	+0.077%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6806	+0.098%	$31K	$828K	33x	as long as short