Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.030%

Price spread now: edgeX against Phoenix−0.179%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.546%−$55 · spread now −0.179%, 7d avg −0.122%

Together, before fees−0.630%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.057% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of −0.122%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7057	−0.0017	get 0.0002% / 1h	32m 03s	$202K	$299K	5x
Short	edgeX LITUSDC	4.6973	0.0100	get 0.0050% / 4h	3h 32m	$287K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $24.56
Price spread: −0.179% → −0.122%: −$5.72
Slippage, 4 orders: −$40.65
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$37.81
Costs to cover: 0.567%
Break-even: 17.8 days

Slippage from Phoenix: live order book, 19 min ago; edgeX: live order book, 21 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, 19 min ago	1.90 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell edgeX live order book, 21 min ago	6.23 bp	12.9 bp −$13	doesn't fit	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	−0.0500%	1h	4.7012	−0.096%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.6963	−0.200%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.325%	$613K	$352K	50x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7042	−0.032%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0251%	1h	4.7001	−0.119%	$84K	$67K	20x	as long as short
ApeX Omni LITUSDT	−0.0108%	1h	4.7030	−0.057%	$56K	$76K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0022%	4h	4.7018	−0.083%	$25.3M	$61.0M	50x	as long as short
Phoenix LITlong	−0.0017%	1h	4.7057	long leg	$202K	$299K	5x
RISEx LIT/USDC	−0.0008%	1h	4.7068	+0.024%	$797K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7142	+0.180%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7040	−0.035%	$11K	—	150x	as long as short
Nado LIT-PERP	+0.0011%	1h	4.7025	−0.068%	$2.2M	$1.7M	10x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7025	−0.068%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.089%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0079%	8h	4.6986	−0.150%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7083	+0.055%	$58.7M	$28.3M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7095	+0.081%	$210.2M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7083	+0.055%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6993	−0.136%	$75.4M	$79.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7017	−0.085%	$41.0M	$29.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7061	+0.009%	$115K	$446K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	+0.051%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7050	−0.015%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6999	−0.123%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	−0.057%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7043	−0.030%	$659K	$1.4M	5x	as long as short
edgeX LITUSDCshort	+0.0100%	4h	4.6973	−0.179%	$287K	$305K	10x
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6980	−0.165%	$902K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7026	−0.066%	$439K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7048	−0.019%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7016	−0.087%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7019	−0.081%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7075	+0.038%	$199K	$358K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7020	−0.079%	$1.3M	$2.8M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7001	−0.119%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6998	−0.124%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7071	+0.030%	$31K	$746K	33x	as long as short
Aftermath Perps LITUSD	+0.0172%	1h	4.7061	+0.008%	$9K	$206K	10x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7092	+0.074%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0257%	4h	4.7074	+0.036%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7072	+0.032%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7032	−0.053%	$65K	—	50x	as long as short