Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.072%

Price spread now: Phemex against SoDEX+0.034%7-day average −0.014% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1021.015% of the position

Long on SoDEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.034%, 7d avg −0.014%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.049% dearer against SoDEX than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX LIT-USD	4.6664	0.0100	pay 0.0013% / 1h	44m 20s	$1K	$390K	5x
Short	Phemex LITUSDT	4.6680	−0.0122	pay 0.0061% / 4h	44m 20s	$1.3M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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 SoDEXbpFee PhemexbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$46.54
Price spread: +0.034% → −0.014%: $4.88
Slippage, 4 orders: −$81.54
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$143.21
Costs to cover: 1.015%
Break-even: never at this rate

Slippage from SoDEX: live order book, 14 min ago; Phemex: live order book, 4 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 SoDEX live order book, 14 min ago	0.54 bp	20.1 bp −$20	51.1 bp −$511	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.14 bp	33.4 bp −$33	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
01 Exchange LITUSD	−0.0504%	1h	4.6630	−0.073%	$32K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0392%	4h	4.6632	−0.069%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0231%	1h	4.6671	+0.014%	$84K	$68K	20x	as long as short
Gate LIT_USDT	−0.0214%	4h	4.6700	+0.077%	$2.7M	$4.3M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0199%	1h	4.6678	+0.030%	$661K	$1.4M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6848	+0.393%	$612K	$404K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0180%	1h	4.6672	+0.018%	$41K	$40K	10x	as long as short
Phemex LITUSDTshort	−0.0122%	4h	4.6680	+0.034%	$1.3M	$2.8M	20x
ApeX Omni LITUSDT	−0.0052%	1h	4.6640	−0.051%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0034%	1h	4.6719	+0.118%	$201K	$305K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LIT-PERP	−0.0031%	1h	4.6681	+0.035%	$2.1M	$1.7M	10x	as long as short
Extended LIT-USD	−0.0024%	1h	4.6653	−0.024%	$5.1M	$5.0M	25x	as long as short
Bybit LITUSDT	−0.0023%	4h	4.6685	+0.045%	$41.2M	$28.7M	75x	as long as short
KuCoin LITUSDTM	−0.0018%	4h	4.6698	+0.073%	$5.2M	$1.0M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0005%	4h	4.6700	+0.077%	$25.1M	$61.3M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6661	−0.007%	$33K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6718	+0.115%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.949%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0062%	4h	4.6701	+0.078%	$904K	$1.8M	10x	as long as short
Paradex LIT-USD-PERP	+0.0064%	8h	4.6641	−0.050%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6703	+0.084%	$779K	$2.1M	5x	as long as short
Polymarket Perps LIT-USD	+0.0088%	1h	4.6680	+0.034%	$436K	$109K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.6708	+0.094%	$58.2M	$28.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6700	+0.077%	$3.6M	$13.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6754	+0.193%	$209.1M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6665	+0.002%	$582K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6661	−0.006%	$74.6M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6734	+0.150%	$121K	$455K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6660	−0.009%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6720	+0.120%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6650	−0.029%	$284K	$305K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6718	+0.115%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6716	+0.111%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USDlong	+0.0100%	1h	4.6664	long leg	$1K	$390K	5x
HTX LIT-USDT	+0.0100%	4h	4.6734	+0.150%	$198K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6625	−0.083%	$116K	$1K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6677	+0.027%	$146K	—	3x	as long as short
Aster LITUSDT	+0.0184%	4h	4.6716	+0.111%	$12.5M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0193%	1h	4.6742	+0.166%	$8K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6713	+0.105%	$31K	$791K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6671	+0.015%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0418% / S −0.0217%	1h	4.6712	+0.103%	$62K	—	50x	as long as short