Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h −0.011%

Price spread now: KuCoin against Phoenix+0.123%78s7-day average −0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as 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−$930.932% of the position

Long on Phoenix Short on KuCoin

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)−1.727%−$173 · spread now +0.123%, 7d avg −0.114%

Together, before fees−1.811%−$181 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.237% dearer against Phoenix than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.114%. 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. The two prices were read 78 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	4.8083	0.0017	pay 0.0002% / 1h	18m 03s	$206K	$288K	5x
Short	KuCoin LITUSDTM	4.8142	0.0100	get 0.0050% / 4h	3h 18m	$5.5M	$847K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.123%Rate

Funding earned: $17.51
Price spread: +0.123% → −0.114%: $23.67
Slippage, 4 orders: −$74.21
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.04
Costs to cover: 0.932%
Break-even: 27.8 days

Slippage from Phoenix: live order book, 13 min ago; KuCoin: live order book, 10 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, 13 min ago	2.09 bp	16.1 bp −$16	57.8 bp −$578	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	6.17 bp	37.4 bp −$37	169.7 bp −$1,697	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
01 Exchange LITUSD	−0.0416%	1h	4.8082	−0.002%	$31K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0376%	4h	4.8055	−0.058%	$33K	$313	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.7913	−0.354%	$607K	$336K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0240%	1h	4.8103	+0.043%	$42K	$39K	10x	as long as short
Bullet LIT-USD	−0.0226%	1h	4.8085	+0.005%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0151%	4h	4.8127	+0.092%	$26.0M	$58.6M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.8068	−0.031%	$894K	$2.0M	10x	as long as short
Gate LIT_USDT	−0.0038%	4h	4.8160	+0.160%	$2.8M	$4.0M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0034%	1h	4.8153	+0.146%	$687K	$982K	5x	as long as short
ApeX Omni LITUSDT	−0.0015%	1h	4.8090	+0.015%	$57K	$75K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.8103	+0.041%	$35K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8121	+0.080%	$36K	—	150x	as long as short
Phoenix LITlong	+0.0017%	1h	4.8083	long leg	$206K	$288K	5x
Bybit LITUSDT	+0.0029%	4h	4.8130	+0.098%	$41.8M	$26.8M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.089%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0059%	1h	4.8098	+0.030%	$2.1M	$1.6M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.8038	−0.094%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8171	+0.183%	$60.0M	$26.2M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.8202	+0.247%	$3.7M	$12.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8193	+0.229%	$217.5M	$37.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.8076	−0.015%	$651K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8116	+0.069%	$77.3M	$72.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8074	−0.019%	$127K	$412K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8118	+0.073%	$6.3M	$4.0M	100x	as long as short
KuCoin LITUSDTMshort	+0.0100%	4h	4.8142	+0.123%	$5.5M	$847K	30x
Bitget LITUSDT	+0.0100%	4h	4.8140	+0.119%	$6.9M	$2.4M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8062	−0.044%	$295K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8096	+0.027%	$448K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7720	−0.756%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8067	−0.033%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8105	+0.046%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8097	+0.029%	$193K	$305K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.8120	+0.077%	$1.4M	$2.7M	20x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8060	−0.048%	$122K	$2K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.8083	+0.001%	$5.0M	$5.5M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.8106	+0.047%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0118%	1h	4.8139	+0.116%	$802K	$2.4M	5x	as long as short
Aster LITUSDT	+0.0317%	4h	4.8205	+0.254%	$12.9M	$1.9M	50x	as long as short
Perpl LIT	+0.0335%	43m	4.8146	+0.132%	$32K	$620K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8039	−0.092%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.8115	+0.067%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0468%	1h	4.8061	−0.045%	$9K	$195K	10x	as long as short