Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.060%

Price spread now: Phemex against RISEx+0.046%7-day average −0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.223%−$22 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.046%, 7d avg −0.076%

Together, before fees−0.497%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.123% dearer against RISEx than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.076%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx LIT/USDC	4.7108	−0.0008	get 0.0001% / 1h	17m 55s	$795K	$2.2M	5x
Short	Phemex LITUSDT	4.7130	−0.0191	pay 0.0096% / 4h	3h 17m	$1.3M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$38.53
Price spread: +0.046% → −0.076%: $12.26
Slippage, 4 orders: −$43.14
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$87.41
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Phemex: live order book, 6 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 RISEx live order book, 1 min ago	1.27 bp	4.3 bp −$4	15.7 bp −$157	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	5.33 bp	30.6 bp −$31	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
Deribit LIT_USDC-PERPETUAL	−0.0495%	1h	4.7099	−0.019%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0381%	4h	4.7049	−0.126%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6877	−0.492%	$607K	$357K	50x	as long as short
01 Exchange LITUSD	−0.0296%	1h	4.7053	−0.117%	$33K	$3K	5x	as long as short
Bullet LIT-USD	−0.0296%	1h	4.7101	−0.015%	$84K	$67K	20x	as long as short
Phemex LITUSDTshort	−0.0191%	4h	4.7130	+0.046%	$1.3M	$2.8M	20x
Bybit LITUSDT	−0.0126%	4h	4.7200	+0.195%	$41.2M	$28.8M	75x	as long as short
ApeX Omni LITUSDT	−0.0065%	1h	4.7060	−0.102%	$56K	$75K	50x	as long as short
OKX LIT-USDT-SWAP	−0.0057%	4h	4.7153	+0.095%	$25.4M	$60.8M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7001	−0.228%	$202K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDClong	−0.0008%	1h	4.7108	long leg	$795K	$2.2M	5x
dYdX LIT-USD	0.0000%	1h	4.7131	+0.047%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7128	+0.043%	$31K	$742K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7138	+0.064%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0004%	4h	4.7181	+0.154%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.978%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0079%	1h	4.7076	−0.068%	$2.2M	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0095%	8h	4.7040	−0.146%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7172	+0.135%	$58.8M	$28.4M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7233	+0.265%	$210.9M	$41.5M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7123	+0.031%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7184	+0.161%	$75.7M	$78.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7094	−0.030%	$118K	$449K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7150	+0.089%	$2.7M	$4.3M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7174	+0.140%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7210	+0.216%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7176	+0.144%	$661K	$1.3M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7070	−0.081%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7063	−0.097%	$903K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7116	+0.016%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7127	+0.041%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7063	−0.096%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7105	−0.007%	$1K	$372K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	+0.025%	$199K	$359K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6940	−0.357%	$117K	$8K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7165	+0.119%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7071	−0.079%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7217	+0.231%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0251%	4h	4.7255	+0.312%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7034	−0.158%	$1.6M	$1.9M	75x	as long as short
Aftermath Perps LITUSD	+0.0359%	1h	4.7130	+0.047%	$9K	$205K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7134	+0.055%	$65K	—	50x	as long as short