Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.074%

Price spread now: Bulk against Phemex+0.542%7-day average +0.069% · 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−$31as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Phemex Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.384%−$38 · spread now +0.542%, 7d avg +0.069%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.474% dearer against Phemex than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7940	−0.0078	get 0.0039% / 4h	3h 39m	$1.4M	$2.7M	20x
Short	Bulk LIT-USD	4.8200	0.0100	get 0.0013% / 1h	39m 59s	$122K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.542%Rate

Funding earned: $37.36
Price spread: +0.542% → +0.069%: $47.37
Slippage, 4 orders: −$59.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $5.97
Costs to cover: 0.788%
Break-even: 5.9 days

Slippage from Phemex: live order book, 4 min ago; Bulk: live order book, 59 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	3.12 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 59 min ago	0.73 bp	8.8 bp −$9	19.9 bp −$199	51.9 bp −$5,194	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
GRVT LIT_USDT_Perp	−0.0680%	4h	4.8081	+0.294%	$896K	$2.0M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0603%	1h	4.7918	−0.045%	$42K	$39K	10x	as long as short
01 Exchange LITUSD	−0.0480%	1h	4.7850	−0.188%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.7864	−0.159%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7877	−0.132%	$606K	$348K	50x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.7936	−0.009%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7989	+0.102%	$25.9M	$59.3M	50x	as long as short
Gate LIT_USDT	−0.0106%	4h	4.7970	+0.063%	$2.8M	$4.0M	50x	as long as short
Bybit LITUSDT	−0.0106%	4h	4.7970	+0.063%	$41.7M	$27.4M	75x	as long as short
Phemex LITUSDTlong	−0.0078%	4h	4.7940	long leg	$1.4M	$2.7M	20x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	−0.0003%	1h	4.7921	−0.039%	$2.1M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8022	+0.171%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7977	+0.077%	$36K	—	150x	as long as short
ApeX Omni LITUSDT	+0.0013%	1h	4.8120	+0.375%	$57K	$75K	50x	as long as short
Phoenix LIT	+0.0017%	1h	4.8150	+0.438%	$207K	$288K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.209%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0080%	1h	4.7953	+0.027%	$684K	$987K	5x	as long as short
Paradex LIT-USD-PERP	+0.0096%	8h	4.7963	+0.047%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8011	+0.148%	$59.8M	$26.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8034	+0.196%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8032	+0.192%	$217.0M	$38.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8000	+0.125%	$683K	$1.9M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7943	+0.006%	$77.0M	$73.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7990	+0.104%	$127K	$436K	5x	as long as short
Bulk LIT-USDshort	+0.0100%	1h	4.8200	+0.542%	$122K	$2K	10x
MEXC LIT_USDT	+0.0100%	4h	4.7917	−0.048%	$6.2M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8043	+0.215%	$5.5M	$923K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7980	+0.083%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8110	+0.354%	$294K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7970	+0.063%	$447K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8031	+0.189%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7925	−0.031%	$5K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7930	−0.021%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8010	+0.146%	$193K	$313K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7959	+0.039%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7925	−0.032%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8053	+0.235%	$800K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0283%	4h	4.8025	+0.177%	$12.8M	$2.0M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8006	+0.137%	$32K	$632K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7960	+0.042%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0426% / S −0.0217%	1h	4.8119	+0.373%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0486%	1h	4.8124	+0.384%	$10K	$201K	10x	as long as short