Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.076%

Price spread now: Phemex against HTX−0.008%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1311.306% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now −0.008%, 7d avg −0.168%

Together, before fees−0.480%−$48 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 0.160% dearer against HTX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LIT-USDT	4.7214	0.0100	pay 0.0050% / 4h	48m 31s	$189K	$253K	30x
Short	Phemex LITUSDT	4.7210	0.0100	get 0.0050% / 4h	48m 31s	$1.4M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.168%: $15.97
Slippage, 4 orders: −$106.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$114.63
Costs to cover: 1.306%
Break-even: never at this rate

Slippage from HTX: live order book, 56 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 56 min ago	17.69 bp	32.4 bp −$32	170.6 bp −$1,706	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.12 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit

LIT on 42 exchanges

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
ApeX Omni LITUSDT	−0.0466%	1h	4.7260	+0.097%	$57K	$78K	50x	as long as short
01 Exchange LITUSD	−0.0456%	1h	4.7315	+0.214%	$31K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0391%	1h	4.7204	−0.021%	$41K	$19K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0388%	4h	4.7127	−0.184%	$32K	$313	10x	as long as short
Gate LIT_USDT	−0.0286%	4h	4.7380	+0.352%	$2.8M	$3.3M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0255%	1h	4.7237	+0.049%	$674K	$868K	5x	as long as short
Coinbase International LIT-PERP-INTX	−0.0240%	1h	4.7737	+1.107%	$606K	$298K	50x	as long as short
Bullet LIT-USD	−0.0213%	1h	4.7215	+0.003%	$84K	$44K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0128%	4h	4.7288	+0.157%	$877K	$1.9M	10x	as long as short
OKX LIT-USDT-SWAP	−0.0051%	4h	4.7283	+0.146%	$25.8M	$53.8M	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7348	+0.284%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.7225	+0.024%	$35K	—	150x	as long as short
Polymarket Perps LIT-USD	+0.0006%	1h	4.7275	+0.129%	$453K	$125K	10x	as long as short
Pacifica LIT	+0.0023%	1h	4.7373	+0.336%	$627K	$1.5M	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.749%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0048%	1h	4.7319	+0.222%	$5.1M	$5.0M	25x	as long as short
Phoenix LIT	+0.0050%	1h	4.7338	+0.263%	$203K	$269K	5x	as long as short
Bybit LITUSDT	+0.0063%	4h	4.7290	+0.161%	$41.0M	$24.9M	75x	as long as short
Paradex LIT-USD-PERP	+0.0081%	8h	4.7357	+0.302%	$7K	$1K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7332	+0.250%	$786K	$2.4M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7390	+0.373%	$59.0M	$22.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7375	+0.341%	$3.4M	$12.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7290	+0.161%	$2.1M	$1.5M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7363	+0.316%	$213.6M	$35.0M	5x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7306	+0.195%	$76.3M	$66.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7341	+0.269%	$135K	$366K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7356	+0.301%	$6.2M	$3.5M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7354	+0.297%	$5.4M	$633K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7290	+0.161%	$6.8M	$2.2M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7325	+0.235%	$291K	$300K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7218	+0.008%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7211	−0.006%	$4K	$1.0M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7238	+0.051%	$4K	$299K	5x	as long as short
HTX LIT-USDTlong	+0.0100%	4h	4.7214	long leg	$189K	$253K	30x
Phemex LITUSDTshort	+0.0100%	4h	4.7210	−0.008%	$1.4M	$2.7M	20x
Bulk LIT-USD	+0.0100%	1h	4.7560	+0.733%	$158K	$50K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7230	+0.034%	$148K	—	3x	as long as short
Aster LITUSDT	+0.0136%	4h	4.7343	+0.274%	$12.7M	$1.7M	50x	as long as short
Aftermath Perps LITUSD	+0.0277%	1h	4.7486	+0.577%	$8K	$189K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7208	−0.013%	$1.6M	$2.4M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0421% / S −0.0217%	1h	4.7238	+0.052%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7262	+0.103%	$28K	$542K	33x	as long as short