Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.047%

Price spread now: Phemex against gTrade (Gains Network)−0.033%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. Phemex is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LIT/USD	4.7996	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	15m 00s	$12K	—	150x
Short	Phemex LITUSDT	4.7980	0.0046	get 0.0023% / 4h	1h 15m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now −0.033%Rate

Funding earned: $9.09
Price spread: −0.033% → 0.000%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$16.24
Costs to cover: 0.220%
Break-even: 19.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	5.21 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.451%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0368%	4h	4.7944	−0.108%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0248%	1h	4.7896	−0.208%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0201%	1h	4.7989	−0.014%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0133%	4h	4.8061	+0.135%	$25.8M	$61.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0058%	4h	4.7955	−0.085%	$888K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7960	−0.074%	$34K	—	5x	as long as short
Deribit LIT_USDC-PERPETUAL	0.0000%	1h	4.8013	+0.035%	$42K	$40K	10x	as long as short
gTrade (Gains Network) LIT/USDlong	L +0.0003% / S −0.0002%	1h	4.7996	long leg	$12K	—	150x
Backpack LIT_USDC_PERP	+0.0006%	1h	4.8009	+0.027%	$677K	$993K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	+0.0033%	1h	4.8012	+0.033%	$206K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.092%	$422	$178K	5.5x	as long as short
Phemex LITUSDTshort	+0.0046%	4h	4.7980	−0.033%	$1.4M	$2.8M	20x
Bybit LITUSDT	+0.0064%	4h	4.8080	+0.175%	$41.7M	$28.3M	75x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7941	−0.115%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8073	+0.160%	$59.8M	$27.5M	5x	as long as short
Extended LIT-USD	+0.0096%	1h	4.7977	−0.040%	$5.1M	$5.2M	25x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7927	−0.145%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7985	−0.023%	$771K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8053	+0.119%	$76.9M	$76.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7966	−0.063%	$124K	$445K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7896	−0.208%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.8010	+0.029%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7983	−0.027%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8023	+0.056%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8090	+0.196%	$6.9M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8008	+0.024%	$293K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8030	+0.071%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7954	−0.088%	$450K	$83K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7942	−0.113%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8008	+0.025%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7987	−0.019%	$200K	$313K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7991	−0.010%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.8003	+0.014%	$829K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0212%	4h	4.8049	+0.111%	$12.9M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0272%	1h	4.8072	+0.158%	$216.8M	$39.5M	5x	as long as short
Aftermath Perps LITUSD	+0.0302%	1h	4.7957	−0.081%	$9K	$207K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7989	−0.015%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0352%	1h	4.8080	+0.175%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7998	+0.004%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8016	+0.043%	$32K	$669K	33x	as long as short