Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.081%

Price spread now: HTX against Phemex+0.105%7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1381.385% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.105%, 7d avg +0.172%

Together, before fees+0.361%+$36 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: HTX is 0.067% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7690	0.0100	pay 0.0050% / 4h	3h 07m	$1.4M	$2.7M	20x
Short	HTX LIT-USDT	4.7740	0.0100	get 0.0050% / 4h	3h 07m	$191K	$346K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.172%: −$6.7
Slippage, 4 orders: −$114.46
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$145.16
Costs to cover: 1.385%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; HTX: live order book, 65 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, 6 min ago	8.39 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 65 min ago	18.14 bp	29.1 bp −$29	121.5 bp −$1,215	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	−0.0891%	1h	4.7692	+0.005%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0479%	4h	4.7636	−0.113%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0440%	1h	4.7710	+0.042%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0378%	1h	4.7701	+0.023%	$85K	$72K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0196%	4h	4.7775	+0.178%	$26.0M	$63.7M	50x	as long as short
ApeX Omni LITUSDT	−0.0186%	1h	4.7690	0.000%	$57K	$77K	50x	as long as short
KuCoin LITUSDTM	−0.0132%	4h	4.7739	+0.103%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7783	+0.194%	$676K	$392K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7657	−0.070%	$912K	$1.8M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7775	+0.178%	$208K	$361K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7732	+0.087%	$32K	$849K	33x	as long as short
dYdX LIT-USD	+0.0002%	1h	4.7812	+0.256%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7750	+0.126%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.734%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0046%	8h	4.7759	+0.145%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0075%	1h	4.7714	+0.050%	$451K	$104K	10x	as long as short
Nado LIT-PERP	+0.0082%	1h	4.7685	−0.010%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7848	+0.331%	$59.8M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7814	+0.260%	$12.8M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7781	+0.191%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7754	+0.133%	$76.3M	$79.8M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7753	+0.132%	$43.0M	$29.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7780	+0.189%	$118K	$448K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7660	−0.062%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7750	+0.126%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7757	+0.140%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	+0.252%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7768	+0.164%	$692K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7637	−0.111%	$290K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7738	+0.100%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7719	+0.061%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7697	+0.015%	$1K	$453K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7740	+0.105%	$191K	$346K	30x
Phemex LITUSDTlong	+0.0100%	4h	4.7690	long leg	$1.4M	$2.7M	20x
Extended LIT-USD	+0.0104%	1h	4.7739	+0.103%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7685	−0.011%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7809	+0.248%	$797K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7863	+0.363%	$3.7M	$13.7M	5x	as long as short
Hyperliquid LIT	+0.0320%	1h	4.7871	+0.379%	$214.9M	$43.8M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7661	−0.061%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSD	+0.0353%	1h	4.7721	+0.065%	$9K	$204K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0400% / S −0.0190%	1h	4.7748	+0.122%	$64K	—	50x	as long as short