Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0565%/8h= +61.8% APRpaid last 24h +0.030%

Price spread now: Phemex against 01 Exchange+0.089%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Phemex is 0.089% dearer against 01 Exchange than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange LITUSD	4.7068	−0.0624	get 0.0078% / 1h	28m 41s	$33K	$4K	5x
Short	Phemex LITUSDT	4.7110	−0.0060	pay 0.0030% / 4h	2h 28m	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now +0.089%Rate

Funding earned: $118.54
Price spread: +0.089% → 0.000%: $8.92
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: $108.47
Costs to cover: 0.190%
Break-even: 0.6 days

Slippage unknown: 01 Exchange: no order-book sample; Phemex: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	8.51 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LIT on 41 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	−0.0753%	1h	4.7119	+0.109%	$41K	$40K	10x	as long as short
01 Exchange LITUSDlong	−0.0624%	1h	4.7068	long leg	$33K	$4K	5x
Orderly PERP_LIT_USDC	−0.0466%	4h	4.7068	0.000%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0452%	1h	4.7130	+0.132%	$85K	$73K	20x	as long as short
ApeX Omni LITUSDT	−0.0193%	1h	4.7040	−0.059%	$56K	$77K	50x	as long as short
Gate LIT_USDT	−0.0190%	4h	4.7170	+0.217%	$2.8M	$4.3M	50x	as long as short
OKX LIT-USDT-SWAP	−0.0153%	4h	4.7267	+0.423%	$25.6M	$63.8M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0152%	4h	4.7010	−0.123%	$904K	$1.8M	10x	as long as short
KuCoin LITUSDTM	−0.0140%	4h	4.7195	+0.270%	$5.3M	$1.1M	30x	as long as short
Phoenix LIT	−0.0102%	1h	4.7072	+0.008%	$203K	$352K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.299%	$668K	$372K	50x	as long as short
Phemex LITUSDTshort	−0.0060%	4h	4.7110	+0.089%	$1.4M	$2.7M	20x
Backpack LIT_USDC_PERP	−0.0024%	1h	4.7168	+0.212%	$681K	$1.4M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7192	+0.263%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7168	+0.213%	$472	—	150x	as long as short
Bulk LIT-USD	+0.0030%	1h	4.6912	−0.332%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0032%	8h	4.7221	+0.326%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.065%	$422	$178K	5.5x	as long as short
Bybit LITUSDT	+0.0051%	4h	4.7230	+0.344%	$42.3M	$29.2M	75x	as long as short
SoDEX LIT-USD	+0.0051%	1h	4.7130	+0.132%	$1K	$450K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7172	+0.221%	$786K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7256	+0.399%	$59.2M	$29.5M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7275	+0.440%	$3.7M	$13.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7165	+0.206%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7248	+0.382%	$211.4M	$43.9M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7233	+0.351%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7245	+0.376%	$586K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7196	+0.272%	$75.3M	$80.5M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7257	+0.402%	$117K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7193	+0.266%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7220	+0.323%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7048	−0.042%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7142	+0.157%	$446K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7171	+0.219%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7150	+0.174%	$5K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7128	+0.127%	$189K	$354K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7153	+0.180%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7127	+0.125%	$147K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0274%	1h	4.7087	+0.040%	$9K	$211K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0406% / S −0.0199%	1h	4.7176	+0.230%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7173	+0.223%	$31K	$860K	33x	as long as short