Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.081%

Price spread now: Aevo against Phemex−0.015%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1871.875% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.015%, 7d avg −0.004%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7020	−0.0079	get 0.0039% / 4h	17m 10s	$1.4M	$2.8M	20x
Short	Aevo LIT-PERP	4.7013	0.0104	get 0.0013% / 1h	17m 10s	$147K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.015%Rate

Funding earned: $38.4
Price spread: −0.015% → −0.004%: −$1.06
Slippage, 4 orders: −$159.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$150.11
Costs to cover: 1.875%
Break-even: 34.4 days

Slippage from Phemex: live order book, 1 min ago; Aevo: live order book, 42 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 Phemex live order book, 1 min ago	6.38 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 42 min ago	56.65 bp	64.7 bp −$65	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	−0.0400%	1h	4.6948	−0.153%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0394%	4h	4.6978	−0.089%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0289%	1h	4.7017	−0.006%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.247%	$613K	$388K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0171%	1h	4.7034	+0.030%	$41K	$40K	10x	as long as short
Gate LIT_USDT	−0.0134%	4h	4.7020	0.000%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0084%	4h	4.6988	−0.068%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDTlong	−0.0079%	4h	4.7020	long leg	$1.4M	$2.8M	20x
Phoenix LIT	−0.0034%	1h	4.6998	−0.047%	$202K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6992	−0.061%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7048	+0.059%	$11K	—	150x	as long as short
Extended LIT-USD	+0.0008%	1h	4.7003	−0.037%	$5.1M	$5.0M	25x	as long as short
OKX LIT-USDT-SWAP	+0.0014%	4h	4.7003	−0.036%	$25.3M	$61.1M	50x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.6991	−0.062%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.169%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0073%	1h	4.7024	+0.009%	$439K	$109K	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6993	−0.057%	$790K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0075%	8h	4.6944	−0.161%	$6K	$2K	5x	as long as short
Nado LIT-PERP	+0.0086%	1h	4.6962	−0.124%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0095%	1h	4.6920	−0.213%	$56K	$76K	50x	as long as short
Lighter LIT	+0.0096%	1h	4.7066	+0.098%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7068	+0.102%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7077	+0.121%	$210.4M	$41.9M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6993	−0.057%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6986	−0.073%	$75.2M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6987	−0.070%	$117K	$455K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.266%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7011	−0.019%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7030	+0.021%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7028	+0.017%	$658K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6928	−0.195%	$287K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6970	−0.106%	$906K	$1.7M	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7047	+0.057%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7038	+0.038%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7025	+0.011%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7051	+0.066%	$199K	$361K	30x	as long as short
Aevo LIT-PERPshort	+0.0104%	1h	4.7013	−0.015%	$147K	—	3x
Aster LITUSDT	+0.0235%	4h	4.7093	+0.156%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0276%	1h	4.6992	−0.060%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.7051	+0.066%	$31K	$761K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7010	−0.021%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7052	+0.068%	$65K	—	50x	as long as short