Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.022%

Price spread now: Binance against Phoenix−0.193%55s7-day average −0.167% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.617% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−1.063%−$106 · spread now −0.193%, 7d avg −0.167%

Together, before fees−1.167%−$117 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.026% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of −0.167%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7660	−0.0050	get 0.0006% / 1h	14m 31s	$247K	$321K	5x
Short	Binance LITUSDT	4.7568	0.0045	get 0.0023% / 4h	2h 14m	$75.3M	$81.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now −0.193%Rate

Funding earned: $20.02
Price spread: −0.193% → −0.167%: −$2.63
Slippage, 4 orders: −$44.69
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.3
Costs to cover: 0.617%
Break-even: 22.5 days

Slippage from Phoenix: live order book, 6 min ago; Binance: live order book, 13 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 Phoenix live order book, 6 min ago	2.10 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.21 bp	12.4 bp −$12	35.4 bp −$354	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	−0.1042%	1h	4.7605	−0.116%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0611%	4h	4.7562	−0.206%	$33K	$2K	10x	as long as short
Phemex LITUSDT	−0.0568%	4h	4.7580	−0.168%	$1.3M	$2.7M	20x	as long as short
Gate LIT_USDT	−0.0562%	4h	4.7620	−0.084%	$2.8M	$4.5M	50x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7536	−0.260%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0344%	1h	4.7594	−0.138%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0332%	4h	4.7577	−0.174%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0294%	4h	4.7610	−0.105%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0280%	4h	4.7647	−0.027%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0250%	4h	4.7582	−0.164%	$901K	$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
Backpack LIT_USDC_PERP	−0.0244%	1h	4.7637	−0.048%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.128%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0067%	1h	4.7610	−0.105%	$12K	$199K	10x	as long as short
Phoenix LITlong	−0.0050%	1h	4.7660	long leg	$247K	$321K	5x
Paradex LIT-USD-PERP	−0.0023%	8h	4.7558	−0.213%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0020%	1h	4.7594	−0.138%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7646	−0.030%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7659	−0.002%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7636	−0.051%	$830K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0021%	1h	4.7612	−0.101%	$450K	$105K	10x	as long as short
Nado LIT-PERP	+0.0022%	1h	4.7577	−0.173%	$2.2M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.797%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7566	−0.197%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDTshort	+0.0045%	4h	4.7568	−0.193%	$75.3M	$81.5M	75x
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.128%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7581	−0.166%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7675	+0.031%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7686	+0.055%	$212.4M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7663	+0.006%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	−0.046%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7599	−0.128%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7610	−0.105%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7650	−0.021%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7654	−0.013%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7624	−0.076%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	−0.019%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.432%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7573	−0.182%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7665	+0.011%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0182%	4h	4.7612	−0.101%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7651	−0.019%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7700	+0.084%	$3.7M	$14.2M	5x	as long as short