Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h +0.013%

Price spread now: Phoenix against KuCoin+0.002%108s7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as 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−$900.900% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.594%+$59 · spread now +0.002%, 7d avg +0.119%

Together, before fees+0.680%+$68 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.117% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.119%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LITUSDTM	4.7485	0.0090	pay 0.0045% / 4h	1h 29m	$5.3M	$980K	30x
Short	Phoenix LIT	4.7486	0.0033	get 0.0004% / 1h	29m 43s	$204K	$301K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$11.92
Price spread: +0.002% → +0.119%: −$11.7
Slippage, 4 orders: −$71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$113.62
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Phoenix: live order book, 11 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 KuCoin live order book, 8 min ago	6.38 bp	29.8 bp −$30	517.8 bp −$5,178	doesn't fit	doesn't fit
Sell Phoenix live order book, 11 min ago	2.10 bp	16.1 bp −$16	50.2 bp −$502	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	+0.582%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0379%	4h	4.7400	−0.179%	$32K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7455	−0.063%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0233%	1h	4.7463	−0.046%	$85K	$66K	20x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0194%	1h	4.7452	−0.070%	$42K	$40K	10x	as long as short
OKX LIT-USDT-SWAP	−0.0167%	4h	4.7446	−0.082%	$25.4M	$60.7M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0119%	1h	4.7473	−0.025%	$670K	$1.0M	5x	as long as short
GRVT LIT_USDT_Perp	−0.0084%	4h	4.7439	−0.096%	$881K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7471	−0.029%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7467	−0.038%	$11K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix LITshort	+0.0033%	1h	4.7486	+0.002%	$204K	$301K	5x
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+1.169%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDT	+0.0048%	1h	4.7410	−0.158%	$57K	$73K	50x	as long as short
Extended LIT-USD	+0.0064%	1h	4.7414	−0.150%	$5.1M	$5.2M	25x	as long as short
Phemex LITUSDT	+0.0086%	4h	4.7440	−0.095%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	+0.0087%	4h	4.7460	−0.053%	$41.1M	$28.4M	75x	as long as short
Paradex LIT-USD-PERP	+0.0090%	8h	4.7415	−0.148%	$7K	$2K	5x	as long as short
KuCoin LITUSDTMlong	+0.0090%	4h	4.7485	long leg	$5.3M	$980K	30x
Lighter LIT	+0.0096%	1h	4.7529	+0.093%	$59.1M	$27.4M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7465	−0.042%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7489	+0.008%	$761K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7442	−0.091%	$76.0M	$76.4M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7446	−0.082%	$123K	$447K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7490	+0.011%	$2.7M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7433	−0.110%	$5.8M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7480	−0.011%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7436	−0.104%	$290K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7453	−0.067%	$446K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7664	+0.377%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7478	−0.015%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7456	−0.061%	$1K	$335K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7448	−0.078%	$198K	$313K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7420	−0.137%	$118K	$7K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7436	−0.103%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7488	+0.007%	$31K	$677K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7489	+0.008%	$795K	$2.3M	5x	as long as short
Aftermath Perps LITUSD	+0.0208%	1h	4.7551	+0.139%	$9K	$209K	10x	as long as short
Aster LITUSDT	+0.0213%	4h	4.7528	+0.091%	$12.7M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0296%	1h	4.7551	+0.138%	$214.3M	$39.8M	5x	as long as short
Lighter RH LIT	+0.0328%	1h	4.7526	+0.086%	$3.7M	$13.2M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7420	−0.137%	$1.6M	$2.3M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0423% / S −0.0217%	1h	4.7462	−0.048%	$63K	—	50x	as long as short