Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0833%/8h= −91.2% APRpaid last 24h −0.104%

Price spread now: Phemex against Aftermath Perps+0.307%7-day average −0.128% · 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−$61as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Aftermath Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.451%−$45 on $10k

Price spread, last 4 days (all we have)−0.516%−$52 · spread now +0.307%, 7d avg −0.128%

Together, before fees−0.967%−$97 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.436% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of −0.128%): +$44 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps LITUSD	4.7554	0.0427	pay 0.0053% / 1h	35m 06s	$8K	$204K	10x
Short	Phemex LITUSDT	4.7700	−0.0406	pay 0.0203% / 4h	2h 35m	$1.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aftermath Perps. 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 Aftermath PerpsbpFee PhemexbpOrdersPrice spread, now +0.307%Rate

Funding earned: −$174.91
Price spread: +0.307% → −0.128%: $43.56
Slippage, 4 orders: −$83.84
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$236.2
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 14 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 Aftermath Perps live order book, 14 min ago	4.01 bp	25.9 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.21 bp	28.5 bp −$28	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
Coinbase International LIT-PERP-INTX	−0.0448%	1h	4.7300	−0.533%	$612K	$347K	50x	as long as short
Phemex LITUSDTshort	−0.0406%	4h	4.7700	+0.307%	$1.4M	$2.8M	20x
Orderly PERP_LIT_USDC	−0.0373%	4h	4.7741	+0.393%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7788	+0.492%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7640	+0.182%	$888K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0183%	1h	4.7744	+0.399%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0157%	1h	4.7765	+0.444%	$86K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0142%	4h	4.7700	+0.307%	$25.7M	$61.1M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7579	+0.053%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7810	+0.539%	$825K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0010%	4h	4.7723	+0.356%	$41.6M	$28.5M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7782	+0.480%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7799	+0.515%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7759	+0.431%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.022%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7757	+0.427%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7793	+0.503%	$59.6M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7784	+0.485%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7820	+0.559%	$214.2M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7811	+0.541%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7720	+0.349%	$76.6M	$77.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7800	+0.518%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7750	+0.412%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7737	+0.385%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.454%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7754	+0.421%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7604	+0.104%	$291K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7660	+0.223%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7791	+0.499%	$449K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7771	+0.456%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7742	+0.396%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	+0.402%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7785	+0.486%	$202K	$345K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	−0.521%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7733	+0.376%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7749	+0.410%	$149K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7804	+0.526%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0219%	4h	4.7806	+0.530%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7821	+0.562%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSDlong	+0.0427%	1h	4.7554	long leg	$8K	$204K	10x
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7794	+0.505%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7787	+0.489%	$32K	$688K	33x	as long as short