Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.015%

Price spread now: Phemex against Coinbase International−0.648%7-day average −0.154% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.762%+$76 on $10k

Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.648%, 7d avg −0.154%

Together, before fees+0.922%+$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.493% cheaper against Coinbase International than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.154%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.762%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LIT-PERP-INTX	4.7608	−0.0120	get 0.0015% / 1h	23m 15s	$673K	$402K	50x
Short	Phemex LITUSDT	4.7300	−0.0342	pay 0.0171% / 4h	23m 15s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Coinbase International. 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 Coinbase InternationalbpFee PhemexbpOrdersPrice spread, now −0.648%Rate

Funding earned: −$46.68
Price spread: −0.648% → −0.154%: −$49.33
Slippage, 4 orders: −$68.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$186.7
Costs to cover: 0.907%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 55 min ago; Phemex: live order book, 5 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 Coinbase International live order book, 55 min ago	10.26 bp	15.3 bp −$15	53.3 bp −$533	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.16 bp	29.7 bp −$30	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
Gate LIT_USDT	−0.0860%	4h	4.7310	−0.627%	$2.8M	$4.5M	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0586%	1h	4.7304	−0.640%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0574%	4h	4.7243	−0.767%	$32K	$2K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7193	−0.872%	$33K	$4K	5x	as long as short
OKX LIT-USDT-SWAP	−0.0392%	4h	4.7350	−0.543%	$25.7M	$63.8M	50x	as long as short
Phemex LITUSDTshort	−0.0342%	4h	4.7300	−0.648%	$1.4M	$2.7M	20x
Bullet LIT-USD	−0.0334%	1h	4.7292	−0.664%	$85K	$80K	20x	as long as short
KuCoin LITUSDTM	−0.0216%	4h	4.7287	−0.675%	$5.2M	$1.1M	30x	as long as short
Coinbase International LIT-PERP-INTXlong	−0.0120%	1h	4.7608	long leg	$673K	$402K	50x
GRVT LIT_USDT_Perp	−0.0094%	4h	4.7510	−0.206%	$903K	$1.8M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LIT	−0.0050%	1h	4.7329	−0.587%	$205K	$353K	5x	as long as short
Bybit LITUSDT	−0.0018%	4h	4.7320	−0.606%	$42.6M	$30.1M	75x	as long as short
Perpl LIT	0.0000%	43m	4.7290	−0.669%	$31K	$840K	33x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7261	−0.728%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7329	−0.586%	$35K	—	150x	as long as short
RISEx LIT/USDC	+0.0012%	1h	4.7290	−0.669%	$813K	$2.1M	5x	as long as short
Paradex LIT-USD-PERP	+0.0022%	8h	4.7238	−0.778%	$7K	$2K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.907%	$422	$178K	5.5x	as long as short
MEXC LIT_USDT	+0.0094%	4h	4.7263	−0.725%	$5.5M	$4.1M	100x	as long as short
edgeX LITUSDC	+0.0095%	4h	4.7358	−0.525%	$288K	$310K	10x	as long as short
Binance LITUSDT	+0.0095%	4h	4.7304	−0.639%	$75.4M	$81.7M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7386	−0.467%	$59.6M	$30.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7275	−0.700%	$2.2M	$1.7M	10x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7324	−0.597%	$12.6M	$2.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7277	−0.696%	$589K	$1.7M	10x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7274	−0.702%	$120K	$456K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7353	−0.536%	$118K	$4K	10x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7310	−0.627%	$6.7M	$2.8M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7296	−0.656%	$671K	$1.4M	5x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7350	−0.543%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7316	−0.614%	$447K	$105K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7322	−0.600%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7304	−0.639%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7315	−0.616%	$986	$466K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7402	−0.433%	$189K	$343K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7296	−0.656%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7297	−0.655%	$148K	$44K	3x	as long as short
Hyperliquid LIT	+0.0192%	1h	4.7366	−0.508%	$212.4M	$44.9M	5x	as long as short
Lighter RH LIT	+0.0200%	1h	4.7402	−0.433%	$3.7M	$13.9M	5x	as long as short
Aftermath Perps LITUSD	+0.0214%	1h	4.7412	−0.412%	$13K	$203K	10x	as long as short
BloFin LIT-USDT	+0.0335%	4h	4.7278	−0.694%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0377% / S −0.0169%	1h	4.7323	−0.599%	$62K	—	50x	as long as short