Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0374%/8h= +40.9% APRpaid last 24h +0.099%

Price spread now: BloFin against Phoenix−0.019%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.289%+$29 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now −0.019%, 7d avg −0.145%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BloFin is 0.126% dearer against Phoenix than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.145%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7641	−0.0034	get 0.0004% / 1h	17m 02s	$207K	$361K	5x
Short	BloFin LIT-USDT	4.7632	0.0340	get 0.0170% / 4h	3h 17m	$1.6M	$2.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $78.49
Price spread: −0.019% → −0.145%: $12.61
Slippage, 4 orders: −$45.17
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $26.93
Costs to cover: 0.642%
Break-even: 4.6 days

Slippage from Phoenix: live order book, 54 min ago; BloFin: live order book, 6 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, 54 min ago	1.90 bp	16.1 bp −$16	57.7 bp −$577	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.42 bp	15.2 bp −$15	29.7 bp −$297	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	−0.0718%	1h	4.7682	+0.086%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0489%	4h	4.7608	−0.069%	$33K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0424%	1h	4.7574	−0.141%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0351%	1h	4.7638	−0.007%	$85K	$72K	20x	as long as short
ApeX Omni LITUSDT	−0.0216%	1h	4.7530	−0.233%	$57K	$77K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0202%	4h	4.7644	+0.006%	$25.9M	$63.8M	50x	as long as short
KuCoin LITUSDTM	−0.0130%	4h	4.7633	−0.017%	$5.3M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0088%	1h	4.7644	+0.007%	$674K	$391K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0064%	4h	4.7540	−0.212%	$909K	$1.8M	10x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7641	long leg	$207K	$361K	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl LIT	0.0000%	43m	4.7666	+0.052%	$32K	$853K	33x	as long as short
dYdX LIT-USD	+0.0003%	1h	4.7622	−0.039%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7719	+0.164%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.838%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0043%	1h	4.7641	+0.001%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0045%	8h	4.7586	−0.115%	$7K	$2K	5x	as long as short
Polymarket Perps LIT-USD	+0.0091%	1h	4.7656	+0.031%	$450K	$104K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7727	+0.181%	$59.7M	$30.0M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7697	+0.118%	$12.7M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7642	+0.002%	$590K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7637	−0.008%	$76.1M	$80.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7616	−0.052%	$42.9M	$29.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7641	0.000%	$118K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7476	−0.346%	$119K	$1K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7630	−0.023%	$2.8M	$4.5M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7645	+0.008%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7690	+0.103%	$6.8M	$2.7M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7692	+0.107%	$691K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7504	−0.288%	$289K	$308K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7715	+0.155%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7621	−0.042%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7675	+0.071%	$988	$453K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7673	+0.067%	$190K	$346K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7620	−0.044%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7647	+0.013%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7657	+0.034%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0119%	1h	4.7668	+0.056%	$794K	$2.0M	5x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7733	+0.193%	$3.7M	$13.7M	5x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7632	−0.019%	$1.6M	$2.0M	75x
Hyperliquid LIT	+0.0342%	1h	4.7755	+0.239%	$214.4M	$43.9M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0399% / S −0.0188%	1h	4.7694	+0.111%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0403%	1h	4.7603	−0.079%	$9K	$203K	10x	as long as short