Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.026%

Price spread now: HTX against Phoenix+0.087%72s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as 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−$950.952% of the position

Long on Phoenix Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.087%, 7d avg +0.030%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.056% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 72 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	4.7276	−0.0050	get 0.0006% / 1h	0m 10s	$205K	$353K	5x
Short	HTX LIT-USDT	4.7317	0.0100	get 0.0050% / 4h	0m 10s	$189K	$346K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $31.58
Price spread: +0.087% → +0.030%: $5.64
Slippage, 4 orders: −$76.16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.94
Costs to cover: 0.952%
Break-even: 19.8 days

Slippage from Phoenix: live order book, 11 min ago; HTX: live order book, 12 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, 11 min ago	1.90 bp	16.1 bp −$16	57.7 bp −$577	doesn't fit	doesn't fit
Sell HTX live order book, 12 min ago	18.14 bp	29.1 bp −$29	121.5 bp −$1,215	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	−0.0864%	1h	4.7338	+0.131%	$42K	$40K	10x	as long as short
Gate LIT_USDT	−0.0810%	4h	4.7370	+0.199%	$2.8M	$4.6M	50x	as long as short
01 Exchange LITUSD	−0.0592%	1h	4.7255	−0.044%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0537%	4h	4.7285	+0.019%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0385%	1h	4.7331	+0.117%	$85K	$77K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0319%	4h	4.7358	+0.173%	$25.7M	$64.2M	50x	as long as short
Phemex LITUSDT	−0.0315%	4h	4.7310	+0.072%	$1.4M	$2.7M	20x	as long as short
KuCoin LITUSDTM	−0.0164%	4h	4.7320	+0.093%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTX	−0.0120%	1h	4.7313	+0.078%	$669K	$401K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0078%	4h	4.7310	+0.072%	$906K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LITlong	−0.0050%	1h	4.7276	long leg	$205K	$353K	5x
Perpl LIT	0.0000%	43m	4.7369	+0.197%	$31K	$854K	33x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7383	+0.226%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7391	+0.244%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7376	+0.212%	$798K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0024%	8h	4.7311	+0.074%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.616%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0040%	4h	4.7340	+0.135%	$42.7M	$30.3M	75x	as long as short
Backpack LIT_USDC_PERP	+0.0058%	1h	4.7396	+0.254%	$682K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7383	+0.226%	$59.2M	$30.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7345	+0.146%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7407	+0.277%	$12.7M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7355	+0.167%	$589K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7327	+0.108%	$75.5M	$82.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7349	+0.154%	$117K	$459K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7291	+0.031%	$118K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7314	+0.080%	$5.6M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7360	+0.178%	$6.7M	$2.8M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7326	+0.106%	$288K	$311K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7330	+0.114%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7347	+0.150%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7376	+0.212%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7312	+0.076%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7345	+0.146%	$1K	$471K	5x	as long as short
HTX LIT-USDTshort	+0.0100%	4h	4.7317	+0.087%	$189K	$346K	30x
Extended LIT-USD	+0.0104%	1h	4.7321	+0.095%	$5.2M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7347	+0.149%	$148K	$44K	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7413	+0.290%	$3.7M	$14.0M	5x	as long as short
Hyperliquid LIT	+0.0186%	1h	4.7441	+0.349%	$212.8M	$45.1M	5x	as long as short
Aftermath Perps LITUSD	+0.0216%	1h	4.7376	+0.211%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7259	−0.036%	$1.6M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0381% / S −0.0173%	1h	4.7374	+0.206%	$63K	—	50x	as long as short