Settings8H · net · $10k
Funding arb · Price arb /

LIT

all LIT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment $0.01 per $10,000 · paid last 24h −0.076%
Price spread now: Phemex against Binance+0.065%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$960.957% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.136%−$14 on $10k
Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.065%, 7d avg −0.018%
Together, before fees−0.233%−$23 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: Phemex is 0.083% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance LITUSDT4.77290.0100pay 0.0050% / 4h1h 55m$76.6M$77.9M75x
ShortPhemex LITUSDT4.77600.0097get 0.0049% / 4h1h 55m$1.3M$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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

Funding earned
−$0.54
Price spread: +0.065% → −0.018%
$8.31
Slippage, 4 orders
−$73.7
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$87.93
Costs to cover
0.957%
Break-even
never at this rate
Slippage from Binance: live order book, 17 min ago; Phemex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 17 min ago0.41 bp15.4 bp −$1535.6 bp −$356doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago3.12 bp39.5 bp −$39doesn't fitdoesn't fitdoesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LIT-PERP-INTX−0.0440%1h4.8177+0.940%$610K$370K50xas long as short
Deribit LIT_USDC-PERPETUAL−0.0426%1h4.7761+0.067%$42K$40K10xas long as short
Orderly PERP_LIT_USDC−0.0378%4h4.7720−0.018%$33K$1K10xas long as short
01 Exchange LITUSD−0.0320%1h4.7762+0.070%$31K$3K5xas long as short
Bullet LIT-USD−0.0226%1h4.7761+0.067%$85K$66K20xas long as short
OKX LIT-USDT-SWAP−0.0172%4h4.7752+0.049%$25.6M$62.3M50xas long as short
GRVT LIT_USDT_Perp−0.0060%4h4.8130+0.841%$892K$1.9M10xas long as short
Polymarket Perps LIT-USD−0.0020%1h4.7760+0.065%$448K$83K10xas long as short
Phoenix LIT−0.0017%1h4.8232+1.054%$207K$266K5xas long as short
dYdX LIT-USD0.0000%1h4.7901+0.361%$34K5xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) LIT/USDL +0.0003% / S −0.0002%1h4.7798+0.145%$11K150xas long as short
Backpack LIT_USDC_PERP+0.0029%1h4.7761+0.067%$673K$1.1M5xas long as short
Injective LIT/USDC PERP+0.0033%1h4.8040+0.652%$422$178K5.5xas long as short
KuCoin LITUSDTM+0.0080%4h4.7799+0.147%$5.4M$1.0M30xas long as short
Paradex LIT-USD-PERP+0.0094%8h4.7860+0.275%$7K$2K5xas long as short
Lighter LIT+0.0096%1h4.7802+0.153%$59.5M$27.2M5xas long as short
Phemex LITUSDTshort+0.0097%4h4.7760+0.065%$1.3M$2.8M20x
Nado LIT-PERP+0.0100%1h4.7779+0.106%$2.1M$1.6M10xas long as short
Pacifica LIT+0.0100%1h4.7883+0.323%$614K$1.7M10xas long as short
Binance LITUSDTlong+0.0100%4h4.7729long leg$76.6M$77.9M75x
Bybit LITUSDT+0.0100%4h4.7750+0.044%$41.4M$28.8M75xas long as short
Arcus LIT-USD+0.0100%1h4.7887+0.331%$124K$465K5xas long as short
Gate LIT_USDT+0.0100%4h4.7780+0.107%$2.8M$4.1M50xas long as short
MEXC LIT_USDT+0.0100%4h4.7736+0.015%$5.9M$3.9M100xas long as short
Bitget LITUSDT+0.0100%4h4.7770+0.086%$6.8M$2.6M20xas long as short
edgeX LITUSDC+0.0100%4h4.8093+0.762%$294K$302K10xas long as short
ApeX Omni LITUSDT+0.0100%1h4.8160+0.903%$57K$75K50xas long as short
Derive LIT-PERP+0.0100%1h4.7760+0.065%$2K6.7xas long as short
SunX LIT-USDT+0.0100%4h4.7728−0.002%$4K$1.2M20xas long as short
SoDEX LIT-USD+0.0100%1h4.7765+0.076%$1K$336K5xas long as short
HTX LIT-USDT+0.0100%4h4.7823+0.197%$199K$343K30xas long as short
Bulk LIT-USD+0.0100%1h4.8185+0.957%$120K$7K10xas long as short
Extended LIT-USD+0.0104%1h4.7728−0.002%$5.1M$5.2M25xas long as short
Aevo LIT-PERP+0.0104%1h4.7785+0.117%$149K3xas long as short
Perpl LIT+0.0112%43m4.7889+0.335%$32K$690K33xas long as short
Lighter RH LIT+0.0144%1h4.7833+0.218%$3.6M$13.1M5xas long as short
RISEx LIT/USDC+0.0148%1h4.7867+0.291%$798K$2.2M5xas long as short
Aftermath Perps LITUSD+0.0179%1h4.8130+0.841%$9K$221K10xas long as short
Hyperliquid LIT+0.0225%1h4.7838+0.229%$215.8M$41.8M5xas long as short
Aster LITUSDT+0.0229%4h4.7821+0.193%$12.8M$2.0M50xas long as short
BloFin LIT-USDT+0.0340%4h4.7905+0.369%$1.6M$2.3M75xas long as short
GMX LIT/USD [ETH-USDC]L +0.0425% / S −0.0217%1h4.7787+0.122%$64K50xas long as short