Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.076%

Price spread now: Derive against Phemex+0.118%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.118% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.6790	0.0006	pay 0.0003% / 4h	1h 42m	$1.4M	$2.8M	20x
Short	Derive LIT-PERP	4.6845	0.0100	get 0.0013% / 1h	42m 37s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.118%Rate

Funding earned: $19.71
Price spread: +0.118% → 0.000%: $11.81
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $13.52
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: Phemex: live order book, 6 min ago; Derive: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	5.36 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LIT_USDC	−0.0395%	4h	4.6752	−0.081%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0330%	1h	4.6797	+0.015%	$84K	$68K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0288%	1h	4.6827	+0.080%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.6747	−0.092%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0100%	4h	4.6800	+0.021%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6728	−0.133%	$201K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6865	+0.161%	$658K	$372K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0016%	4h	4.6690	−0.214%	$905K	$1.7M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0015%	4h	4.6769	−0.045%	$25.3M	$61.5M	50x	as long as short
KuCoin LITUSDTM	−0.0012%	4h	4.6784	−0.013%	$5.2M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6834	+0.094%	$11K	—	150x	as long as short
Phemex LITUSDTlong	+0.0006%	4h	4.6790	long leg	$1.4M	$2.8M	20x
dYdX LIT-USD	+0.0014%	1h	4.6831	+0.088%	$34K	—	5x	as long as short
ApeX Omni LITUSDT	+0.0022%	1h	4.6800	+0.021%	$56K	$77K	50x	as long as short
Backpack LIT_USDC_PERP	+0.0033%	1h	4.6837	+0.100%	$679K	$1.4M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.672%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0065%	8h	4.6745	−0.095%	$7K	$2K	5x	as long as short
Bulk LIT-USD	+0.0089%	1h	4.6805	+0.033%	$117K	$2K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6848	+0.124%	$58.5M	$28.6M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6777	−0.027%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6815	+0.053%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6868	+0.167%	$209.4M	$41.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6807	+0.036%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6770	−0.043%	$74.3M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6768	−0.047%	$41.4M	$28.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6762	−0.060%	$117K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6759	−0.066%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6820	+0.064%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6781	−0.020%	$285K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6820	+0.064%	$443K	$104K	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.6845	+0.118%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6786	−0.009%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6830	+0.085%	$1K	$416K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6874	+0.180%	$194K	$379K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6744	−0.098%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6818	+0.059%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.6874	+0.180%	$3.7M	$13.1M	5x	as long as short
Aster LITUSDT	+0.0180%	4h	4.6874	+0.180%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0258%	1h	4.6813	+0.049%	$9K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6811	+0.045%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0409% / S −0.0206%	1h	4.6820	+0.064%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6835	+0.095%	$31K	$828K	33x	as long as short