Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.081%

Price spread now: Phemex against Aevo−0.072%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1271.270% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.072%, 7d avg +0.004%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.077% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LIT-PERP	4.6954	0.0104	pay 0.0013% / 1h	9m 58s	$147K	—	3x
Short	Phemex LITUSDT	4.6920	−0.0010	pay 0.0005% / 4h	1h 09m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$23.92
Price spread: −0.072% → +0.004%: −$7.68
Slippage, 4 orders: −$98.95
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$158.55
Costs to cover: 1.270%
Break-even: never at this rate

Slippage from Aevo: live order book, 54 min ago; Phemex: live order book, 4 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 Aevo live order book, 54 min ago	14.92 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.38 bp	36.4 bp −$36	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	−0.0519%	1h	4.6930	−0.051%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0380%	4h	4.6869	−0.181%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0304%	1h	4.6938	−0.034%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0255%	1h	4.6928	−0.054%	$84K	$68K	20x	as long as short
ApeX Omni LITUSDT	−0.0119%	1h	4.6960	+0.013%	$56K	$76K	50x	as long as short
Gate LIT_USDT	−0.0094%	4h	4.6960	+0.013%	$2.8M	$4.3M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.7086	+0.281%	$203K	$341K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.329%	$611K	$411K	50x	as long as short
Phemex LITUSDTshort	−0.0010%	4h	4.6920	−0.072%	$1.4M	$2.8M	20x
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6972	+0.038%	$11K	—	150x	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	+0.0005%	1h	4.6981	+0.057%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0015%	4h	4.6936	−0.038%	$25.2M	$61.8M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.313%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0044%	4h	4.6994	+0.085%	$5.2M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0074%	8h	4.6963	+0.018%	$7K	$2K	5x	as long as short
GRVT LIT_USDT_Perp	+0.0082%	4h	4.7009	+0.116%	$905K	$1.8M	10x	as long as short
Bybit LITUSDT	+0.0085%	4h	4.6934	−0.043%	$41.6M	$28.5M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.6979	+0.053%	$58.5M	$28.9M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.6998	+0.094%	$3.6M	$13.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.7000	+0.098%	$784K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6965	+0.023%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6993	+0.083%	$210.0M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6997	+0.092%	$581K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6904	−0.106%	$74.7M	$79.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6988	+0.072%	$123K	$454K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6907	−0.100%	$5.5M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6940	−0.030%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6956	+0.004%	$665K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7007	+0.113%	$286K	$302K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6974	+0.043%	$439K	$110K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6969	+0.032%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6952	−0.004%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6945	−0.019%	$2K	$397K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7012	+0.124%	$199K	$388K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7305	+0.748%	$118K	$973	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6898	−0.120%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERPlong	+0.0104%	1h	4.6954	long leg	$147K	—	3x
Aftermath Perps LITUSD	+0.0203%	1h	4.7068	+0.242%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0214%	4h	4.7012	+0.124%	$12.6M	$2.0M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6970	+0.034%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0416% / S −0.0213%	1h	4.6958	+0.009%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6989	+0.075%	$31K	$814K	33x	as long as short