Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0477%/8h= −52.2% APRpaid last 24h −0.045%

Price spread now: Phemex against RISEx−0.021%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

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

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.198%−$20 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now −0.021%, 7d avg −0.078%

Together, before fees−0.405%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.057% dearer against RISEx than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.078%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 3 days (−0.198% in total) that is about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.7050	−0.0082	get 0.0010% / 1h	28m 50s	$784K	$2.1M	5x
Short	Phemex LITUSDT	4.7040	−0.0558	pay 0.0279% / 4h	1h 28m	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$100.08
Price spread: −0.021% → −0.078%: $5.69
Slippage, 4 orders: −$46.2
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$158.58
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Phemex: live order book, 5 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 RISEx live order book, 5 min ago	2.12 bp	5.1 bp −$5	15.0 bp −$150	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.13 bp	29.1 bp −$29	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
Gate LIT_USDT	−0.1192%	4h	4.7140	+0.191%	$2.8M	$4.5M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0793%	1h	4.7129	+0.168%	$662K	$1.4M	5x	as long as short
Orderly PERP_LIT_USDC	−0.0634%	4h	4.7026	−0.051%	$32K	$2K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0597%	1h	4.7082	+0.068%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0584%	1h	4.6950	−0.213%	$33K	$4K	5x	as long as short
Phemex LITUSDTshort	−0.0558%	4h	4.7040	−0.021%	$1.3M	$2.7M	20x
OKX LIT-USDT-SWAP	−0.0443%	4h	4.7139	+0.189%	$25.3M	$62.3M	50x	as long as short
Bullet LIT-USD	−0.0333%	1h	4.7045	−0.011%	$85K	$81K	20x	as long as short
Bybit LITUSDT	−0.0299%	4h	4.7152	+0.217%	$42.6M	$30.2M	75x	as long as short
KuCoin LITUSDTM	−0.0298%	4h	4.7061	+0.023%	$5.2M	$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
Aftermath Perps LITUSD	−0.0227%	1h	4.7055	+0.011%	$10K	$201K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0190%	4h	4.6958	−0.196%	$897K	$1.8M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7094	+0.094%	$666K	$398K	50x	as long as short
RISEx LIT/USDClong	−0.0082%	1h	4.7050	long leg	$784K	$2.1M	5x
Nado LIT-PERP	−0.0036%	1h	4.7047	−0.006%	$2.1M	$1.7M	10x	as long as short
Phoenix LIT	−0.0034%	1h	4.7044	−0.013%	$243K	$327K	5x	as long as short
Paradex LIT-USD-PERP	−0.0005%	8h	4.6960	−0.192%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7173	+0.262%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7100	+0.107%	$35K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.104%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0050%	4h	4.7095	+0.095%	$5.6M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0051%	4h	4.7132	+0.174%	$74.8M	$80.9M	75x	as long as short
edgeX LITUSDC	+0.0056%	4h	4.7033	−0.036%	$286K	$311K	10x	as long as short
SoDEX LIT-USD	+0.0062%	1h	4.7080	+0.064%	$991	$465K	5x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7066	+0.033%	$147K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7222	+0.365%	$59.4M	$29.6M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7210	+0.340%	$210.4M	$44.2M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7190	+0.298%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7026	−0.051%	$578K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7006	−0.094%	$117K	$450K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6948	−0.216%	$118K	$5K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7150	+0.212%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7060	+0.021%	$55K	$78K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7048	−0.004%	$444K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7109	+0.126%	$2K	$729	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7011	−0.083%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7047	−0.007%	$188K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7096	+0.098%	$5.2M	$5.1M	25x	as long as short
BloFin LIT-USDT	+0.0204%	4h	4.7070	+0.042%	$1.5M	$2.1M	75x	as long as short
Lighter RH LIT	+0.0280%	1h	4.7234	+0.391%	$3.7M	$13.7M	5x	as long as short
Perpl LIT	+0.0335%	43m	4.7071	+0.045%	$31K	$838K	33x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0356% / S −0.0155%	1h	4.7102	+0.110%	$59K	—	50x	as long as short