Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.015%

Price spread now: Coinbase International against Phemex+0.631%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.762%−$76 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.631%, 7d avg +0.154%

Together, before fees−0.905%−$90 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 Coinbase International is 0.476% dearer against Phemex than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.154%. Mind the row above: over the last 7 days funding on this pair cost −0.762%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7310	−0.0301	get 0.0151% / 4h	4m 54s	$1.4M	$2.7M	20x
Short	Coinbase International LIT-PERP-INTX	4.7608	−0.0120	pay 0.0015% / 1h	4m 54s	$673K	$402K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.631%Rate

Funding earned: $38.04
Price spread: +0.631% → +0.154%: $47.62
Slippage, 4 orders: −$77.73
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.06
Costs to cover: 0.997%
Break-even: 9.6 days

Slippage from Phemex: live order book, 4 min ago; Coinbase International: live order book, 8 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	4.23 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 8 min ago	6.60 bp	17.9 bp −$18	56.7 bp −$567	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	−0.0824%	1h	4.7326	+0.034%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0818%	4h	4.7410	+0.211%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7168	−0.300%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0540%	4h	4.7255	−0.116%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0368%	1h	4.7310	0.000%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0336%	4h	4.7400	+0.190%	$25.7M	$64.2M	50x	as long as short
Phemex LITUSDTlong	−0.0301%	4h	4.7310	long leg	$1.4M	$2.7M	20x
KuCoin LITUSDTM	−0.0156%	4h	4.7363	+0.112%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0120%	1h	4.7608	+0.631%	$673K	$402K	50x
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7370	+0.127%	$907K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7386	+0.161%	$205K	$353K	5x	as long as short
Perpl LIT	0.0000%	43m	4.7336	+0.055%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7363	+0.113%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7362	+0.110%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7283	−0.056%	$803K	$2.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.543%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0034%	8h	4.7245	−0.136%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0041%	4h	4.7370	+0.127%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0082%	1h	4.7357	+0.099%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	+0.161%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7276	−0.071%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7420	+0.233%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7300	−0.021%	$588K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7347	+0.079%	$75.5M	$82.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7268	−0.089%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	−0.041%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7330	+0.042%	$5.7M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7370	+0.127%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	+0.032%	$288K	$310K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7380	+0.148%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7324	+0.030%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7366	+0.119%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7218	−0.194%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7335	+0.053%	$999	$470K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7287	−0.049%	$189K	$346K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7336	+0.054%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7349	+0.082%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7401	+0.192%	$3.7M	$14.0M	5x	as long as short
Aftermath Perps LITUSD	+0.0188%	1h	4.7360	+0.107%	$13K	$203K	10x	as long as short
Hyperliquid LIT	+0.0196%	1h	4.7408	+0.207%	$212.6M	$45.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7295	−0.032%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0380% / S −0.0172%	1h	4.7352	+0.088%	$63K	—	50x	as long as short