Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0304%/8hnext payment −$1.52 per $10,000 · paid last 24h −0.013%

Price spread now: Phemex against Gate−0.104%49s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.092% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.104%, 7d avg −0.072%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.033% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LIT_USDT	4.7940	−0.0160	get 0.0080% / 4h	7m 18s	$2.8M	$4.7M	50x
Short	Phemex LITUSDT	4.7890	−0.0464	pay 0.0232% / 4h	7m 18s	$1.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$63.76
Price spread: −0.104% → −0.072%: −$3.27
Slippage, 4 orders: −$82.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$176.27
Costs to cover: 1.092%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Phemex: live order book, 6 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 Gate live order book, just now	3.13 bp	14.9 bp −$15	52.9 bp −$529	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	6.25 bp	35.4 bp −$35	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	−0.0904%	1h	4.7874	−0.138%	$32K	$22K	10x	as long as short
01 Exchange LITUSD	−0.0648%	1h	4.7919	−0.044%	$33K	$5K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0485%	4h	4.7897	−0.090%	$33K	$2K	10x	as long as short
Phemex LITUSDTshort	−0.0464%	4h	4.7890	−0.104%	$1.3M	$2.7M	20x
Bullet LIT-USD	−0.0448%	1h	4.7960	+0.042%	$87K	$79K	20x	as long as short
Bybit LITUSDT	−0.0339%	4h	4.7970	+0.063%	$43.7M	$29.7M	75x	as long as short
OKX LIT-USDT-SWAP	−0.0285%	4h	4.7968	+0.058%	$25.6M	$60.6M	50x	as long as short
KuCoin LITUSDTM	−0.0244%	4h	4.7970	+0.063%	$5.3M	$1.1M	30x	as long as short
SoDEX LIT-USD	−0.0201%	1h	4.7870	−0.146%	$992	$479K	5x	as long as short
ApeX Omni LITUSDT	−0.0200%	1h	4.7920	−0.042%	$59K	$79K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LIT_USDTlong	−0.0160%	4h	4.7940	long leg	$2.8M	$4.7M	50x
Phoenix LIT	−0.0084%	1h	4.7963	+0.048%	$247K	$280K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0048%	1h	4.8039	+0.206%	$663K	$415K	50x	as long as short
GRVT LIT_USDT_Perp	−0.0018%	4h	4.7899	−0.085%	$898K	$1.9M	10x	as long as short
Paradex LIT-USD-PERP	−0.0012%	8h	4.7850	−0.188%	$5K	$1K	5x	as long as short
dYdX LIT-USD	+0.0001%	1h	4.7920	−0.042%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8006	+0.137%	$36K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0038%	1h	4.7760	−0.375%	$419	$125K	5.5x	as long as short
Bulk LIT-USD	+0.0046%	1h	4.7925	−0.032%	$121K	$7K	10x	as long as short
RISEx LIT/USDC	+0.0061%	1h	4.8001	+0.127%	$829K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0092%	1h	4.7935	−0.010%	$2.1M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7965	+0.052%	$59.8M	$29.7M	5x	as long as short
Aftermath Perps LITUSD	+0.0097%	1h	4.7973	+0.068%	$11K	$199K	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8001	+0.127%	$212.9M	$45.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7933	−0.015%	$597K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7943	+0.007%	$75.3M	$80.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7919	−0.044%	$118K	$452K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7939	−0.002%	$6.3M	$4.2M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8030	+0.188%	$6.9M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7904	−0.075%	$670K	$1.5M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7913	−0.056%	$292K	$313K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7992	+0.108%	$453K	$106K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8018	+0.164%	$2K	$1K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7859	−0.169%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7924	−0.033%	$190K	$328K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7982	+0.087%	$5.4M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7866	−0.154%	$150K	$44K	3x	as long as short
Aster LITUSDT	+0.0151%	4h	4.7975	+0.072%	$12.8M	$2.6M	50x	as long as short
Lighter RH LIT	+0.0168%	1h	4.7982	+0.088%	$3.8M	$13.9M	5x	as long as short
Perpl LIT	+0.0223%	43m	4.7991	+0.106%	$32K	$856K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7844	−0.200%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0429% / S −0.0232%	1h	4.8005	+0.136%	$60K	—	50x	as long as short