Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.022%

Price spread now: Phoenix against SunX+0.107%69s7-day average +0.140% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.107%, 7d avg +0.140%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.032% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.140%). Swap the legs. The two prices were read 69 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	SunX LIT-USDT	4.7609	0.0100	pay 0.0050% / 4h	2h 15m	$5K	$1.2M	20x
Short	Phoenix LIT	4.7660	−0.0050	pay 0.0006% / 1h	15m 38s	$248K	$321K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$31.55
Price spread: +0.107% → +0.140%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$49.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Phoenix: live order book, 5 min ago. Net counts fees only.

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 SunX live order book, 8 min ago	500.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 5 min ago	2.10 bp	16.1 bp −$16	50.2 bp −$502	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	−0.1143%	1h	4.7587	−0.046%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0610%	4h	4.7564	−0.095%	$33K	$2K	10x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7620	+0.023%	$2.8M	$4.5M	50x	as long as short
Phemex LITUSDT	−0.0563%	4h	4.7580	−0.061%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0560%	1h	4.7551	−0.122%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0339%	1h	4.7584	−0.053%	$86K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0329%	4h	4.7599	−0.021%	$25.1M	$62.3M	50x	as long as short
Bybit LITUSDT	−0.0284%	4h	4.7587	−0.046%	$43.0M	$30.7M	75x	as long as short
KuCoin LITUSDTM	−0.0278%	4h	4.7660	+0.107%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0264%	4h	4.7613	+0.009%	$901K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0252%	1h	4.7643	+0.071%	$669K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.236%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0051%	1h	4.7587	−0.047%	$12K	$199K	10x	as long as short
Phoenix LITshort	−0.0050%	1h	4.7660	+0.107%	$248K	$321K	5x
Paradex LIT-USD-PERP	−0.0024%	8h	4.7563	−0.096%	$6K	$2K	5x	as long as short
SoDEX LIT-USD	−0.0016%	1h	4.7585	−0.050%	$1K	$487K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7647	+0.079%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7654	+0.095%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7639	+0.063%	$830K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0018%	1h	4.7625	+0.034%	$2.2M	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0023%	1h	4.7634	+0.053%	$450K	$105K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.905%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0044%	4h	4.7581	−0.059%	$5.8M	$4.2M	100x	as long as short
Binance LITUSDT	+0.0045%	4h	4.7569	−0.083%	$75.3M	$81.5M	75x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7599	−0.021%	$290K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0064%	1h	4.7602	−0.014%	$149K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7679	+0.147%	$59.8M	$30.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7700	+0.191%	$212.4M	$45.4M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7671	+0.129%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7640	+0.065%	$587K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7609	0.000%	$117K	$449K	5x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7630	+0.044%	$6.8M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7680	+0.149%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7641	+0.066%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7609	long leg	$5K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7684	+0.158%	$191K	$329K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7454	−0.326%	$119K	$6K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7579	−0.063%	$5.3M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7673	+0.134%	$32K	$839K	33x	as long as short
BloFin LIT-USDT	+0.0184%	4h	4.7575	−0.071%	$1.5M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0359% / S −0.0155%	1h	4.7639	+0.062%	$60K	—	50x	as long as short
Lighter RH LIT	+0.0432%	1h	4.7715	+0.223%	$3.8M	$14.2M	5x	as long as short