Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0584%/8h= +64.0% APRpaid last 24h +0.051%

Price spread now: Pacifica against Phemex+0.099%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$15 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.099%, 7d avg +0.066%

Together, before fees+0.417%+ Points / potential airdropPacifica: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Pacifica is 0.033% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7440	−0.0484	get 0.0242% / 4h	2h 53m	$1.3M	$2.7M	20x
Short	Pacifica LIT	4.7487	0.0100	get 0.0013% / 1h	53m 37s	$596K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.099%Rate

Funding earned: $122.71
Price spread: +0.099% → +0.066%: $3.27
Slippage, 4 orders: −$66.96
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $39.02
Costs to cover: 0.870%
Break-even: 4.8 days

Slippage from Phemex: live order book, 5 min ago; Pacifica: live order book, just now.

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, 5 min ago	7.36 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	2.32 bp	9.4 bp −$9	doesn't fit	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	−0.0847%	1h	4.7435	−0.010%	$42K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0680%	1h	4.7407	−0.070%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0565%	4h	4.7362	−0.164%	$32K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0514%	1h	4.7486	+0.097%	$667K	$1.5M	5x	as long as short
Phemex LITUSDTlong	−0.0484%	4h	4.7440	long leg	$1.3M	$2.7M	20x
Gate LIT_USDT	−0.0360%	4h	4.7460	+0.042%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0352%	1h	4.7414	−0.055%	$85K	$81K	20x	as long as short
KuCoin LITUSDTM	−0.0332%	4h	4.7464	+0.051%	$5.3M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0292%	4h	4.7458	+0.038%	$25.2M	$60.7M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7480	+0.084%	$895K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0235%	4h	4.7460	+0.042%	$42.9M	$30.1M	75x	as long as short
Nado LIT-PERP	−0.0183%	1h	4.7435	−0.009%	$2.1M	$1.7M	10x	as long as short
SoDEX LIT-USD	−0.0180%	1h	4.7443	+0.006%	$983	$474K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.8452	+2.134%	$668K	$408K	50x	as long as short
Phoenix LIT	−0.0067%	1h	4.7677	+0.500%	$246K	$321K	5x	as long as short
Extended LIT-USD	−0.0048%	1h	4.7430	−0.021%	$5.2M	$5.2M	25x	as long as short
Paradex LIT-USD-PERP	−0.0016%	8h	4.7377	−0.133%	$5K	$1K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7460	+0.042%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7461	+0.044%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7490	+0.105%	$815K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0030%	1h	4.7428	−0.025%	$448K	$104K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.265%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0052%	4h	4.7430	−0.021%	$5.9M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0053%	4h	4.7420	−0.043%	$74.9M	$80.6M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7481	+0.086%	$289K	$310K	10x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7391	−0.103%	$148K	$44K	3x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.7490	+0.105%	$56K	$78K	50x	as long as short
Bulk LIT-USD	+0.0088%	1h	4.7627	+0.394%	$119K	$7K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7485	+0.095%	$211.0M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7487	+0.099%	$12.7M	$2.5M	50x	as long as short
Pacifica LITshort	+0.0100%	1h	4.7487	+0.099%	$596K	$1.8M	10x
Arcus LIT-USD	+0.0100%	1h	4.7448	+0.017%	$118K	$446K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7460	+0.042%	$6.7M	$2.7M	20x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7467	+0.057%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7472	+0.067%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7465	+0.053%	$189K	$331K	30x	as long as short
Perpl LIT	+0.0112%	43m	4.7486	+0.098%	$31K	$842K	33x	as long as short
Lighter LIT	+0.0120%	1h	4.7524	+0.177%	$59.6M	$29.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0161%	1h	4.7644	+0.430%	$11K	$198K	10x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7525	+0.179%	$3.7M	$14.0M	5x	as long as short
BloFin LIT-USDT	+0.0218%	4h	4.7425	−0.032%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0388% / S −0.0190%	1h	4.7459	+0.040%	$60K	—	50x	as long as short