Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.060%

Price spread now: RISEx against Phemex−0.077%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.222%+$22 on $10k

Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.077%, 7d avg +0.077%

Together, before fees+0.576%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.154% cheaper against Phemex than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.077%). If the spread goes back, that is −$15 on $10k: about 37 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.222% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.8480	−0.0026	get 0.0013% / 4h	2h 12m	$1.4M	$2.8M	20x
Short	RISEx LIT/USDC	4.8442	−0.0012	pay 0.0001% / 1h	12m 03s	$841K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.077%Rate

Funding earned: $2.93
Price spread: −0.077% → +0.077%: −$15.44
Slippage, 4 orders: −$62.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$93.38
Costs to cover: 0.809%
Break-even: 230.2 days

Slippage from Phemex: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago	5.15 bp	37.5 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	2.48 bp	5.5 bp −$6	40.2 bp −$402	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.8434	−0.095%	$614K	$372K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0375%	1h	4.8482	+0.004%	$43K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0354%	4h	4.8420	−0.124%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0192%	1h	4.8427	−0.109%	$32K	$3K	5x	as long as short
Bullet LIT-USD	−0.0154%	1h	4.8433	−0.097%	$87K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0154%	4h	4.8460	−0.041%	$26.0M	$62.9M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0094%	4h	4.8770	+0.598%	$908K	$1.9M	10x	as long as short
Phemex LITUSDTlong	−0.0026%	4h	4.8480	long leg	$1.4M	$2.8M	20x
Phoenix LIT	−0.0017%	1h	4.8725	+0.505%	$209K	$283K	5x	as long as short
RISEx LIT/USDCshort	−0.0012%	1h	4.8442	−0.077%	$841K	$2.2M	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8551	+0.147%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.8468	−0.025%	$12K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.908%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0062%	4h	4.8540	+0.124%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8487	+0.014%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8567	+0.179%	$60.4M	$28.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8399	−0.167%	$2.2M	$1.7M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.8504	+0.049%	$620K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8459	−0.044%	$77.8M	$77.7M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8500	+0.041%	$42.0M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8454	−0.054%	$120K	$466K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8490	+0.021%	$2.8M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8463	−0.035%	$6.0M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8490	+0.021%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8524	+0.091%	$684K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8706	+0.466%	$298K	$305K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8720	+0.495%	$58K	$75K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8426	−0.111%	$455K	$84K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8487	+0.014%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8415	−0.134%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8470	−0.021%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8523	+0.089%	$202K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8496	+0.034%	$121K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8450	−0.062%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8470	−0.021%	$152K	—	3x	as long as short
Lighter RH LIT	+0.0160%	1h	4.8583	+0.212%	$3.7M	$13.4M	5x	as long as short
Aftermath Perps LITUSD	+0.0173%	1h	4.8436	−0.090%	$10K	$218K	10x	as long as short
Aster LITUSDT	+0.0230%	4h	4.8544	+0.133%	$13.0M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0268%	1h	4.8608	+0.265%	$219.1M	$41.3M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8529	+0.101%	$1.6M	$2.2M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0427% / S −0.0217%	1h	4.8462	−0.037%	$65K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8431	−0.102%	$32K	$689K	33x	as long as short