Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.030%

Price spread now: Phoenix against Bitget+0.189%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Bitget Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.918%+$92 · spread now +0.189%, 7d avg +0.092%

Together, before fees+0.950%+$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.097% dearer against Bitget than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.092%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LITUSDT	4.7010	0.0100	pay 0.0050% / 4h	3h 57m	$6.7M	$2.6M	20x
Short	Phoenix LIT	4.7099	−0.0034	pay 0.0004% / 1h	57m 09s	$203K	$297K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bitget. 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 BitgetbpFee PhoenixbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$28.17
Price spread: +0.189% → +0.092%: $9.72
Slippage, 4 orders: −$57.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$94.98
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phoenix: live order book, 59 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 Bitget live order book, 1 min ago	3.19 bp	24.2 bp −$24	111.9 bp −$1,119	doesn't fit	doesn't fit
Sell Phoenix live order book, 59 min ago	1.92 bp	16.1 bp −$16	50.4 bp −$504	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
Nado LIT-PERP	−0.0886%	1h	4.7025	+0.032%	$2.2M	$1.7M	10x	as long as short
Phemex LITUSDT	−0.0738%	4h	4.6970	−0.085%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0594%	4h	4.6962	−0.102%	$41.1M	$28.9M	75x	as long as short
Orderly PERP_LIT_USDC	−0.0391%	4h	4.6945	−0.138%	$32K	$1K	10x	as long as short
Backpack LIT_USDC_PERP	−0.0378%	1h	4.6984	−0.055%	$660K	$1.4M	5x	as long as short
01 Exchange LITUSD	−0.0352%	1h	4.6984	−0.055%	$33K	$3K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0344%	4h	4.7047	+0.080%	$905K	$1.7M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.226%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0268%	4h	4.6990	−0.043%	$2.7M	$4.2M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0248%	1h	4.6963	−0.101%	$41K	$40K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet LIT-USD	−0.0143%	1h	4.7010	−0.001%	$84K	$68K	20x	as long as short
Phoenix LITshort	−0.0034%	1h	4.7099	+0.189%	$203K	$297K	5x
RISEx LIT/USDC	−0.0008%	1h	4.7058	+0.103%	$785K	$2.1M	5x	as long as short
OKX LIT-USDT-SWAP	−0.0002%	4h	4.6953	−0.121%	$25.3M	$61.1M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7102	+0.195%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7067	+0.121%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0006%	4h	4.6978	−0.068%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.191%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0040%	1h	4.6954	−0.118%	$5.2M	$5.0M	25x	as long as short
Aftermath Perps LITUSD	+0.0042%	1h	4.7092	+0.175%	$10K	$204K	10x	as long as short
ApeX Omni LITUSDT	+0.0068%	1h	4.7050	+0.085%	$56K	$76K	50x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.6985	−0.053%	$6K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7027	+0.036%	$58.6M	$27.9M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7028	+0.038%	$210.0M	$42.2M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7050	+0.085%	$575K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6953	−0.122%	$75.2M	$79.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7052	+0.089%	$117K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	+0.102%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6962	−0.102%	$5.6M	$3.8M	100x	as long as short
Bitget LITUSDTlong	+0.0100%	4h	4.7010	long leg	$6.7M	$2.6M	20x
edgeX LITUSDC	+0.0100%	4h	4.7088	+0.165%	$288K	$303K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7019	+0.019%	$439K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7010	−0.001%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7019	+0.019%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6959	−0.108%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7103	+0.198%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6968	−0.089%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7072	+0.132%	$31K	$759K	33x	as long as short
Aster LITUSDT	+0.0240%	4h	4.7067	+0.121%	$12.6M	$1.9M	50x	as long as short
Lighter RH LIT	+0.0336%	1h	4.7057	+0.100%	$3.8M	$13.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6946	−0.136%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.7054	+0.094%	$65K	—	50x	as long as short