Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0501%/8h= +54.8% APRpaid last 24h +0.030%

Price spread now: dYdX against Phemex+0.142%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 +$15 a day on $10k at the current rate, and dYdX is 0.142% dearer against Phemex than usual: you sell high and buy low: +$14 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	4.7490	−0.0501	get 0.0250% / 4h	2h 29m	$1.3M	$2.7M	20x
Short	dYdX LIT-USD	4.7558	0	get 0.0000% / 1h	29m 34s	$34K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $105.11
Price spread: +0.142% → 0.000%: $14.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $97.35
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Phemex: live order book, 4 min ago; dYdX: 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, 4 min ago	6.34 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Deribit LIT_USDC-PERPETUAL	−0.0906%	1h	4.7505	+0.032%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0692%	4h	4.7510	+0.042%	$2.8M	$4.5M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0597%	4h	4.7445	−0.095%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7510	+0.042%	$33K	$4K	5x	as long as short
Phemex LITUSDTlong	−0.0501%	4h	4.7490	long leg	$1.3M	$2.7M	20x
Backpack LIT_USDC_PERP	−0.0423%	1h	4.7540	+0.105%	$666K	$1.5M	5x	as long as short
Bullet LIT-USD	−0.0379%	1h	4.7484	−0.014%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0310%	4h	4.7537	+0.099%	$25.0M	$61.7M	50x	as long as short
Bybit LITUSDT	−0.0308%	4h	4.7530	+0.084%	$43.0M	$30.6M	75x	as long as short
KuCoin LITUSDTM	−0.0294%	4h	4.7543	+0.112%	$5.3M	$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
GRVT LIT_USDT_Perp	−0.0292%	4h	4.7463	−0.056%	$906K	$1.9M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7551	+0.128%	$657K	$402K	50x	as long as short
Phoenix LIT	−0.0050%	1h	4.7438	−0.109%	$245K	$321K	5x	as long as short
Paradex LIT-USD-PERP	−0.0027%	8h	4.7460	−0.063%	$6K	$2K	5x	as long as short
Extended LIT-USD	−0.0024%	1h	4.7525	+0.073%	$5.2M	$5.1M	25x	as long as short
SoDEX LIT-USD	−0.0023%	1h	4.7526	+0.076%	$994	$487K	5x	as long as short
dYdX LIT-USDshort	0.0000%	1h	4.7558	+0.142%	$34K	—	5x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7545	+0.116%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7583	+0.195%	$818K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0030%	1h	4.7531	+0.086%	$2.1M	$1.7M	10x	as long as short
MEXC LIT_USDT	+0.0030%	4h	4.7494	+0.008%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0030%	4h	4.7464	−0.055%	$289K	$312K	10x	as long as short
Binance LITUSDT	+0.0032%	4h	4.7524	+0.072%	$75.1M	$81.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.158%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0034%	1h	4.7551	+0.128%	$449K	$105K	10x	as long as short
Bulk LIT-USD	+0.0037%	1h	4.7479	−0.023%	$119K	$6K	10x	as long as short
Aevo LIT-PERP	+0.0048%	1h	4.7474	−0.034%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7568	+0.164%	$59.6M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7597	+0.225%	$211.4M	$45.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7562	+0.152%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7538	+0.101%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7557	+0.141%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7540	+0.105%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7490	0.000%	$56K	$77K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7526	+0.075%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7519	+0.061%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7573	+0.175%	$190K	$329K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7533	+0.091%	$31K	$841K	33x	as long as short
BloFin LIT-USDT	+0.0123%	4h	4.7448	−0.088%	$1.5M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0168%	1h	4.7438	−0.110%	$12K	$199K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7529	+0.082%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7583	+0.196%	$3.7M	$14.2M	5x	as long as short