Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.022%

Price spread now: Phoenix against SunX+0.504%7-day average +0.140% · you sell dearer than you buy

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

Long on SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.453%−$45 · spread now +0.504%, 7d avg +0.140%

Together, before fees−0.459%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.365% dearer against SunX than usual: you sell high and buy low (spread +0.504% now, against its 7-day average of +0.140%): +$36 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.006% in total) that is about 15 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LIT-USDT	4.7394	0.0100	pay 0.0050% / 4h	2h 10m	$4K	$1.2M	20x
Short	Phoenix LIT	4.7633	−0.0050	pay 0.0006% / 1h	10m 47s	$247K	$321K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SunX. 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 SunXbpFee PhoenixbpOrdersPrice spread, now +0.504%Rate

Funding earned: −$31.55
Price spread: +0.504% → +0.140%: $36.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$10.07
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 3 min ago; Phoenix: live order book, 10 min ago. 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 SunX live order book, 3 min ago	500.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 10 min ago	2.10 bp	16.1 bp −$16	50.2 bp −$502	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	−0.1375%	1h	4.7314	−0.168%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0616%	4h	4.7287	−0.226%	$32K	$2K	10x	as long as short
Phemex LITUSDT	−0.0593%	4h	4.7320	−0.156%	$1.3M	$2.7M	20x	as long as short
01 Exchange LITUSD	−0.0576%	1h	4.7294	−0.211%	$33K	$4K	5x	as long as short
Gate LIT_USDT	−0.0570%	4h	4.7320	−0.156%	$2.8M	$4.5M	50x	as long as short
Bullet LIT-USD	−0.0357%	1h	4.7365	−0.060%	$85K	$81K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0349%	4h	4.7220	−0.367%	$25.0M	$61.9M	50x	as long as short
KuCoin LITUSDTM	−0.0296%	4h	4.7327	−0.141%	$5.2M	$1.1M	30x	as long as short
Bybit LITUSDT	−0.0295%	4h	4.7242	−0.321%	$42.7M	$30.7M	75x	as long as short
GRVT LIT_USDT_Perp	−0.0260%	4h	4.7505	+0.234%	$902K	$1.9M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0237%	1h	4.7331	−0.133%	$665K	$1.5M	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0152%	1h	4.7721	+0.690%	$660K	$404K	50x	as long as short
Aftermath Perps LITUSD	−0.0115%	1h	4.7519	+0.263%	$12K	$200K	10x	as long as short
SoDEX LIT-USD	−0.0064%	1h	4.7320	−0.156%	$1K	$487K	5x	as long as short
Phoenix LITshort	−0.0050%	1h	4.7633	+0.504%	$247K	$321K	5x
Paradex LIT-USD-PERP	−0.0024%	8h	4.7179	−0.455%	$6K	$2K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7268	−0.267%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7414	+0.042%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0009%	1h	4.7416	+0.047%	$816K	$2.0M	5x	as long as short
Polymarket Perps LIT-USD	+0.0017%	1h	4.7382	−0.025%	$447K	$105K	10x	as long as short
Nado LIT-PERP	+0.0017%	1h	4.7375	−0.039%	$2.1M	$1.7M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.363%	$422	$178K	5.5x	as long as short
Binance LITUSDT	+0.0037%	4h	4.7202	−0.405%	$74.8M	$81.5M	75x	as long as short
MEXC LIT_USDT	+0.0040%	4h	4.7213	−0.382%	$5.8M	$4.2M	100x	as long as short
edgeX LITUSDC	+0.0046%	4h	4.7585	+0.403%	$289K	$312K	10x	as long as short
Aevo LIT-PERP	+0.0056%	1h	4.7307	−0.183%	$148K	$44K	3x	as long as short
Lighter LIT	+0.0096%	1h	4.7304	−0.190%	$59.3M	$30.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7316	−0.165%	$210.8M	$45.5M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7329	−0.137%	$12.7M	$2.5M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7278	−0.245%	$583K	$1.8M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7383	−0.023%	$116K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7374	−0.043%	$119K	$6K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7260	−0.283%	$6.7M	$2.7M	20x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7600	+0.435%	$56K	$78K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7491	+0.205%	$2K	$1K	6.7x	as long as short
SunX LIT-USDTlong	+0.0100%	4h	4.7394	long leg	$4K	$1.2M	20x
HTX LIT-USDT	+0.0100%	4h	4.7572	+0.376%	$190K	$329K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7254	−0.295%	$5.2M	$5.2M	25x	as long as short
Perpl LIT	+0.0112%	43m	4.7401	+0.015%	$31K	$842K	33x	as long as short
BloFin LIT-USDT	+0.0163%	4h	4.7287	−0.226%	$1.5M	$2.1M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0358% / S −0.0155%	1h	4.7405	+0.024%	$59K	—	50x	as long as short
Lighter RH LIT	+0.0416%	1h	4.7336	−0.122%	$3.7M	$14.3M	5x	as long as short