Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.034%

Price spread now: ApeX Omni against Phemex−0.146%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

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. ApeX Omni is 0.146% cheaper against Phemex than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 16 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	Phemex LITUSDT	4.7950	0.0069	pay 0.0034% / 4h	1h 18m	$1.4M	$2.8M	20x
Short	ApeX Omni LITUSDT	4.7880	0.0100	get 0.0013% / 1h	18m 45s	$57K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.146%Rate

Funding earned: $6.52
Price spread: −0.146% → 0.000%: −$14.6
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$30.08
Costs to cover: 0.220%
Break-even: 39.3 days

Slippage unknown: Phemex: live order book, 5 min ago; ApeX Omni: no order-book sample. 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 Phemex live order book, 5 min ago	2.09 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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	−0.355%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0371%	4h	4.7912	−0.079%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0256%	1h	4.7988	+0.079%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0209%	1h	4.7957	+0.015%	$86K	$66K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0194%	1h	4.7959	+0.018%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0145%	4h	4.7990	+0.083%	$25.7M	$61.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0058%	4h	4.7939	−0.023%	$888K	$2.0M	10x	as long as short
Backpack LIT_USDC_PERP	−0.0043%	1h	4.7980	+0.063%	$677K	$1.0M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8011	+0.128%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7932	−0.038%	$11K	—	150x	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	4.7943	−0.015%	$206K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.188%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0064%	1h	4.7963	+0.028%	$5.1M	$5.2M	25x	as long as short
Phemex LITUSDTlong	+0.0069%	4h	4.7950	long leg	$1.4M	$2.8M	20x
Bybit LITUSDT	+0.0072%	4h	4.7980	+0.063%	$41.6M	$28.4M	75x	as long as short
Paradex LIT-USD-PERP	+0.0091%	8h	4.7972	+0.046%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8048	+0.204%	$59.8M	$27.5M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7995	+0.094%	$2.2M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7989	+0.082%	$771K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7977	+0.056%	$76.8M	$76.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8012	+0.129%	$124K	$445K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7896	−0.113%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7980	+0.063%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7953	+0.006%	$5.9M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7974	+0.050%	$5.5M	$1.0M	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8000	+0.104%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7813	−0.285%	$292K	$303K	10x	as long as short
ApeX Omni LITUSDTshort	+0.0100%	1h	4.7880	−0.146%	$57K	$73K	50x
Polymarket Perps LIT-USD	+0.0100%	1h	4.7981	+0.065%	$450K	$83K	10x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7966	+0.033%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7960	+0.021%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8049	+0.206%	$200K	$313K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7943	−0.014%	$150K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7978	+0.059%	$824K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0219%	4h	4.8014	+0.133%	$12.9M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0263%	1h	4.7867	−0.173%	$9K	$207K	10x	as long as short
Hyperliquid LIT	+0.0284%	1h	4.8061	+0.231%	$216.8M	$39.5M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7921	−0.060%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0344%	1h	4.8071	+0.252%	$3.7M	$13.2M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7973	+0.047%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.8005	+0.114%	$32K	$668K	33x	as long as short