Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.024%

Price spread now: Bitget against Phoenix+0.088%49s7-day average −0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as 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−$790.785% of the position

Long on Phoenix Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)−0.952%−$95 · spread now +0.088%, 7d avg −0.103%

Together, before fees−0.999%−$100 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.191% dearer against Phoenix than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.103%. The two prices were read 49 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	4.7628	−0.0034	get 0.0004% / 1h	0m 40s	$206K	$327K	5x
Short	Bitget LITUSDT	4.7670	0.0100	get 0.0050% / 4h	1h 00m	$6.8M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.088%Rate

Funding earned: $28.11
Price spread: +0.088% → −0.103%: $19.13
Slippage, 4 orders: −$59.53
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.29
Costs to cover: 0.785%
Break-even: 14.8 days

Slippage from Phoenix: live order book, 15 min ago; Bitget: live order book, 3 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, 15 min ago	1.91 bp	16.1 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.16 bp	20.2 bp −$20	87.0 bp −$870	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
Gate LIT_USDT	−0.1104%	4h	4.7630	+0.004%	$2.8M	$4.6M	50x	as long as short
Orderly PERP_LIT_USDC	−0.0625%	4h	4.7561	−0.141%	$33K	$2K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0556%	1h	4.7672	+0.092%	$669K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0544%	1h	4.7595	−0.069%	$33K	$4K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0520%	1h	4.7626	−0.004%	$42K	$40K	10x	as long as short
Phemex LITUSDT	−0.0478%	4h	4.7580	−0.101%	$1.4M	$2.7M	20x	as long as short
OKX LIT-USDT-SWAP	−0.0461%	4h	4.7596	−0.067%	$25.8M	$63.8M	50x	as long as short
Bullet LIT-USD	−0.0322%	1h	4.7598	−0.063%	$85K	$81K	20x	as long as short
Aftermath Perps LITUSD	−0.0250%	1h	4.7552	−0.160%	$13K	$204K	10x	as long as short
KuCoin LITUSDTM	−0.0232%	4h	4.7644	+0.034%	$5.3M	$1.1M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0206%	4h	4.7615	−0.027%	$42.9M	$30.1M	75x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7680	+0.109%	$675K	$402K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0130%	4h	4.7540	−0.185%	$905K	$1.8M	10x	as long as short
RISEx LIT/USDC	−0.0082%	1h	4.7626	−0.003%	$815K	$2.1M	5x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7628	long leg	$206K	$327K	5x
Nado LIT-PERP	−0.0008%	1h	4.7605	−0.048%	$2.2M	$1.7M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7663	+0.073%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7570	−0.122%	$31K	$841K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7644	+0.033%	$35K	—	150x	as long as short
Paradex LIT-USD-PERP	+0.0007%	8h	4.7570	−0.122%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.865%	$422	$178K	5.5x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7520	−0.227%	$289K	$311K	10x	as long as short
MEXC LIT_USDT	+0.0056%	4h	4.7582	−0.097%	$5.7M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0061%	4h	4.7586	−0.088%	$75.7M	$81.2M	75x	as long as short
Aevo LIT-PERP	+0.0072%	1h	4.7604	−0.050%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7656	+0.059%	$60.0M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7691	+0.132%	$213.4M	$44.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7681	+0.111%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7638	+0.021%	$617K	$1.6M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7603	−0.052%	$119K	$451K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7566	−0.130%	$119K	$6K	10x	as long as short
Bitget LITUSDTshort	+0.0100%	4h	4.7670	+0.088%	$6.8M	$2.7M	20x
ApeX Omni LITUSDT	+0.0100%	1h	4.7500	−0.269%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7594	−0.071%	$450K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7656	+0.059%	$2K	$650	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7637	+0.019%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7625	−0.006%	$1K	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7651	+0.048%	$191K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7586	−0.089%	$5.2M	$5.1M	25x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7670	+0.088%	$3.7M	$13.9M	5x	as long as short
BloFin LIT-USDT	+0.0229%	4h	4.7555	−0.153%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0378% / S −0.0169%	1h	4.7641	+0.026%	$62K	—	50x	as long as short