Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.072%

Price spread now: Pacifica against Phemex+0.147%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.147%, 7d avg +0.070%

Together, before fees+0.149%+ Points / potential airdropPacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.077% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7680	0.0100	pay 0.0050% / 4h	21m 59s	$1.4M	$2.7M	20x
Short	Pacifica LIT	4.7750	0.0100	get 0.0013% / 1h	21m 59s	$816K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.070%: $7.7
Slippage, 4 orders: −$57.79
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$70.09
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Pacifica: live order book, 2 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, 2 min ago	4.19 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.31 bp	6.4 bp −$6	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
Orderly PERP_LIT_USDC	−0.0381%	4h	4.7635	−0.094%	$33K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0344%	1h	4.7780	+0.209%	$605K	$347K	50x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.7658	−0.046%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0219%	1h	4.7694	+0.030%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0218%	1h	4.7671	−0.019%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0163%	4h	4.7684	+0.008%	$25.6M	$59.2M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0110%	4h	4.7613	−0.140%	$882K	$2.0M	10x	as long as short
ApeX Omni LITUSDT	−0.0087%	1h	4.7660	−0.042%	$57K	$73K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7750	+0.148%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7718	+0.081%	$35K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	+0.0022%	4h	4.7690	+0.021%	$41.4M	$28.1M	75x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.755%	$422	$178K	5.5x	as long as short
Phoenix LIT	+0.0050%	1h	4.7831	+0.317%	$205K	$293K	5x	as long as short
RISEx LIT/USDC	+0.0064%	1h	4.7718	+0.080%	$795K	$2.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0092%	8h	4.7662	−0.038%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7746	+0.138%	$59.5M	$26.7M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7691	+0.024%	$2.2M	$1.6M	10x	as long as short
Pacifica LITshort	+0.0100%	1h	4.7750	+0.147%	$816K	$1.8M	10x
Binance LITUSDT	+0.0100%	4h	4.7664	−0.034%	$76.4M	$74.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7740	+0.126%	$124K	$443K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7812	+0.277%	$119K	$6K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7710	+0.063%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7676	−0.008%	$5.9M	$3.9M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7732	+0.109%	$5.4M	$942K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7720	+0.084%	$6.8M	$2.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7696	+0.034%	$680K	$1.0M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7638	−0.088%	$291K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7687	+0.015%	$444K	$86K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7710	+0.062%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7646	−0.071%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7695	+0.031%	$1K	$332K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7816	+0.285%	$192K	$312K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.7680	long leg	$1.4M	$2.7M	20x
Extended LIT-USD	+0.0104%	1h	4.7692	+0.026%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7662	−0.038%	$149K	—	3x	as long as short
Hyperliquid LIT	+0.0230%	1h	4.7773	+0.195%	$215.8M	$38.7M	5x	as long as short
Aster LITUSDT	+0.0236%	4h	4.7763	+0.174%	$12.8M	$2.0M	50x	as long as short
Lighter RH LIT	+0.0240%	1h	4.7763	+0.174%	$3.7M	$12.8M	5x	as long as short
Aftermath Perps LITUSD	+0.0332%	1h	4.7745	+0.135%	$9K	$204K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7774	+0.197%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7709	+0.062%	$64K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7726	+0.097%	$32K	$649K	33x	as long as short