Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0146%/8h= +15.9% APRpaid last 24h +0.076%

Price spread now: Derive against Phemex+0.128%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Derive

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 +$4 a day on $10k at the current rate, and Derive is 0.128% dearer against Phemex than usual: you sell high and buy low: +$13 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	Phemex LITUSDT	4.6940	−0.0046	get 0.0023% / 4h	19m 06s	$1.4M	$2.8M	20x
Short	Derive LIT-PERP	4.7000	0.0100	get 0.0013% / 1h	19m 06s	$2K	—	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.128%Rate

Funding earned: $30.58
Price spread: +0.128% → 0.000%: $12.78
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: $25.35
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: Phemex: live order book, 5 min ago; Derive: 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	6.39 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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	−0.0408%	1h	4.6913	−0.058%	$33K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0399%	1h	4.6970	+0.065%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0393%	4h	4.6911	−0.062%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.6961	+0.044%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.077%	$613K	$398K	50x	as long as short
Gate LIT_USDT	−0.0146%	4h	4.6970	+0.064%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0090%	4h	4.6960	+0.043%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDTlong	−0.0046%	4h	4.6940	long leg	$1.4M	$2.8M	20x
Phoenix LIT	−0.0034%	1h	4.7025	+0.181%	$202K	$305K	5x	as long as short
Extended LIT-USD	−0.0016%	1h	4.6944	+0.009%	$5.1M	$5.0M	25x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.6972	+0.067%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6993	+0.113%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0009%	4h	4.6985	+0.096%	$25.2M	$61.1M	50x	as long as short
KuCoin LITUSDTM	+0.0022%	4h	4.6971	+0.066%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.343%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0065%	1h	4.6941	+0.002%	$439K	$109K	10x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6955	+0.032%	$789K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.6894	−0.098%	$6K	$2K	5x	as long as short
Nado LIT-PERP	+0.0079%	1h	4.6935	−0.011%	$2.2M	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0083%	1h	4.6910	−0.064%	$56K	$76K	50x	as long as short
Backpack LIT_USDC_PERP	+0.0088%	1h	4.6998	+0.124%	$657K	$1.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7025	+0.181%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7043	+0.219%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7043	+0.219%	$210.4M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6952	+0.026%	$574K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6953	+0.027%	$75.1M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6947	+0.015%	$117K	$457K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.096%	$117K	$1K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6950	+0.021%	$5.6M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6980	+0.085%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6919	−0.045%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6947	+0.014%	$906K	$1.7M	10x	as long as short
Derive LIT-PERPshort	+0.0100%	1h	4.7000	+0.128%	$2K	—	6.7x
SunX LIT-USDT	+0.0100%	4h	4.6959	+0.040%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6985	+0.096%	$1K	$380K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6977	+0.079%	$199K	$361K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6937	−0.007%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0225%	4h	4.6988	+0.102%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0272%	1h	4.6976	+0.076%	$10K	$204K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6993	+0.114%	$31K	$760K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6955	+0.032%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.6996	+0.120%	$65K	—	50x	as long as short