Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.050%

Price spread now: Backpack against Phemex+0.144%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on Phemex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.144%, 7d avg +0.080%

Together, before fees+0.175%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.064% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7920	0.0100	pay 0.0050% / 4h	14m 50s	$1.4M	$2.7M	20x
Short	Backpack LIT_USDC_PERP	4.7989	0.0100	get 0.0013% / 1h	14m 50s	$684K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.080%: $6.44
Slippage, 4 orders: −$54.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$69.98
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Backpack: live order book, 4 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	5.23 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.10 bp	6.3 bp −$6	18.3 bp −$183	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	−0.0390%	1h	4.7943	+0.048%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0384%	4h	4.7870	−0.104%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	−0.293%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7899	−0.044%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0217%	1h	4.7917	−0.006%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0160%	4h	4.8029	+0.227%	$25.8M	$59.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0104%	4h	4.7820	−0.209%	$884K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0061%	1h	4.7840	−0.167%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7960	+0.084%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7949	+0.061%	$36K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0031%	4h	4.8027	+0.223%	$41.6M	$27.7M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.250%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7943	+0.048%	$206K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7929	+0.019%	$798K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7902	−0.037%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8019	+0.207%	$59.8M	$26.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7885	−0.073%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7938	+0.038%	$820K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8015	+0.198%	$77.0M	$73.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7930	+0.021%	$127K	$446K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8040	+0.250%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8015	+0.198%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8033	+0.236%	$5.5M	$934K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8040	+0.250%	$6.8M	$2.4M	20x	as long as short
Backpack LIT_USDC_PERPshort	+0.0100%	1h	4.7989	+0.144%	$684K	$1.0M	5x
edgeX LITUSDC	+0.0100%	4h	4.7856	−0.133%	$293K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7902	−0.038%	$446K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7879	−0.086%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7898	−0.046%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7950	+0.063%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7921	+0.002%	$193K	$312K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.7920	long leg	$1.4M	$2.7M	20x
Bulk LIT-USD	+0.0100%	1h	4.7777	−0.298%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8014	+0.196%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7928	+0.016%	$150K	—	3x	as long as short
Hyperliquid LIT	+0.0210%	1h	4.8119	+0.415%	$217.4M	$38.8M	5x	as long as short
Lighter RH LIT	+0.0240%	1h	4.8045	+0.261%	$3.7M	$12.8M	5x	as long as short
Aster LITUSDT	+0.0252%	4h	4.8103	+0.382%	$12.9M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7936	+0.033%	$1.6M	$2.3M	75x	as long as short
Aftermath Perps LITUSD	+0.0375%	1h	4.7868	−0.108%	$9K	$203K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.7956	+0.075%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7955	+0.073%	$32K	$646K	33x	as long as short