Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.036%

Price spread now: 01 Exchange against Phemex−0.048%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on 01 Exchange

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.048% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7470	−0.0505	get 0.0253% / 4h	1h 09m	$1.4M	$2.7M	20x
Short	01 Exchange LITUSD	4.7447	−0.0560	pay 0.0070% / 1h	9m 59s	$33K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$11.45
Price spread: −0.048% → 0.000%: −$4.85
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$35.3
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; 01 Exchange: 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	3.18 bp	34.1 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Gate LIT_USDT	−0.1188%	4h	4.7530	+0.126%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0810%	1h	4.7495	+0.053%	$42K	$40K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0659%	1h	4.7485	+0.032%	$666K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0626%	4h	4.7443	−0.057%	$32K	$2K	10x	as long as short
01 Exchange LITUSDshort	−0.0560%	1h	4.7447	−0.048%	$33K	$4K	5x
Phemex LITUSDTlong	−0.0505%	4h	4.7470	long leg	$1.4M	$2.7M	20x
OKX LIT-USDT-SWAP	−0.0468%	4h	4.7445	−0.053%	$25.6M	$63.4M	50x	as long as short
Bullet LIT-USD	−0.0329%	1h	4.7492	+0.046%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0255%	4h	4.7437	−0.070%	$42.8M	$30.2M	75x	as long as short
Aftermath Perps LITUSD	−0.0251%	1h	4.7246	−0.471%	$10K	$202K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LITUSDTM	−0.0244%	4h	4.7447	−0.048%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7507	+0.078%	$672K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0134%	4h	4.7261	−0.440%	$900K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7536	+0.138%	$813K	$2.1M	5x	as long as short
Phoenix LIT	−0.0034%	1h	4.7192	−0.586%	$204K	$327K	5x	as long as short
Nado LIT-PERP	−0.0006%	1h	4.7505	+0.074%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7543	+0.155%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7515	+0.094%	$32K	$839K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7552	+0.173%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0005%	8h	4.7451	−0.040%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.201%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0060%	4h	4.7418	−0.110%	$75.3M	$81.0M	75x	as long as short
edgeX LITUSDC	+0.0061%	4h	4.7175	−0.622%	$287K	$309K	10x	as long as short
MEXC LIT_USDT	+0.0062%	4h	4.7478	+0.017%	$5.7M	$4.2M	100x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7470	+0.001%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7507	+0.078%	$59.8M	$30.0M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7534	+0.135%	$212.4M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7542	+0.151%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7510	+0.084%	$608K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7482	+0.025%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7396	−0.156%	$118K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7470	0.000%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7280	−0.400%	$55K	$76K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7524	+0.114%	$449K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7547	+0.162%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7460	−0.021%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7450	−0.042%	$994	$465K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7467	−0.006%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7435	−0.073%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0192%	1h	4.7531	+0.129%	$3.7M	$13.8M	5x	as long as short
BloFin LIT-USDT	+0.0249%	4h	4.7426	−0.093%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7548	+0.164%	$62K	—	50x	as long as short