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 MEXC+0.226%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on MEXC 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)+1.011%+$101 · spread now +0.226%, 7d avg +0.156%

Together, before fees+1.097%+$110 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.070% dearer against MEXC than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of +0.156%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours. 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LIT_USDT	4.6919	0.0100	pay 0.0050% / 4h	20m 44s	$5.6M	$3.9M	100x
Short	Phoenix LIT	4.7025	−0.0034	pay 0.0004% / 1h	20m 44s	$202K	$305K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against MEXC. 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 MEXCbpFee PhoenixbpOrdersPrice spread, now +0.226%Rate

Funding earned: −$28.17
Price spread: +0.226% → +0.156%: $7.02
Slippage, 4 orders: −$29.64
Fee MEXC: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$61.79
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phoenix: live order book, 35 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 MEXC live order book, 2 min ago	0.11 bp	3.5 bp −$3	50.7 bp −$507	355.1 bp −$35.5K	doesn't fit
Sell Phoenix live order book, 35 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
Deribit LIT_USDC-PERPETUAL	−0.0671%	1h	4.6951	+0.069%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0408%	1h	4.6938	+0.040%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.6893	−0.055%	$32K	$1K	10x	as long as short
Bullet LIT-USD	−0.0291%	1h	4.6949	+0.064%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.032%	$613K	$399K	50x	as long as short
Gate LIT_USDT	−0.0158%	4h	4.6970	+0.109%	$2.7M	$4.3M	50x	as long as short
Bybit LITUSDT	−0.0087%	4h	4.6980	+0.130%	$41.3M	$28.8M	75x	as long as short
Phemex LITUSDT	−0.0054%	4h	4.6950	+0.066%	$1.4M	$2.8M	20x	as long as short
Phoenix LITshort	−0.0034%	1h	4.7025	+0.226%	$202K	$305K	5x
Extended LIT-USD	−0.0024%	1h	4.6933	+0.029%	$5.1M	$5.0M	25x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX LIT-USD	0.0000%	1h	4.7011	+0.196%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6992	+0.155%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0009%	4h	4.6997	+0.166%	$25.3M	$61.2M	50x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.6976	+0.121%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.389%	$422	$178K	5.5x	as long as short
Polymarket Perps LIT-USD	+0.0067%	1h	4.6958	+0.083%	$439K	$109K	10x	as long as short
Backpack LIT_USDC_PERP	+0.0069%	1h	4.6977	+0.124%	$657K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0073%	8h	4.6927	+0.018%	$6K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.6973	+0.114%	$789K	$2.1M	5x	as long as short
Nado LIT-PERP	+0.0075%	1h	4.6955	+0.077%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7019	+0.213%	$58.6M	$28.8M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7058	+0.296%	$3.7M	$13.2M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7048	+0.275%	$210.4M	$41.8M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6982	+0.134%	$592K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6956	+0.079%	$75.1M	$79.2M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6968	+0.104%	$117K	$457K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6895	−0.051%	$117K	$1K	10x	as long as short
MEXC LIT_USDTlong	+0.0100%	4h	4.6919	long leg	$5.6M	$3.9M	100x
Bitget LITUSDT	+0.0100%	4h	4.6960	+0.087%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6919	−0.001%	$287K	$304K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.6947	+0.059%	$906K	$1.7M	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.6950	+0.066%	$56K	$76K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6981	+0.132%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6982	+0.134%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6955	+0.077%	$1K	$380K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7024	+0.224%	$199K	$368K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6941	+0.047%	$147K	—	3x	as long as short
Aster LITUSDT	+0.0225%	4h	4.7028	+0.233%	$12.6M	$1.9M	50x	as long as short
Aftermath Perps LITUSD	+0.0272%	1h	4.6952	+0.071%	$10K	$206K	10x	as long as short
Perpl LIT	+0.0335%	43m	4.6994	+0.161%	$31K	$770K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6927	+0.017%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0435% / S −0.0231%	1h	4.6987	+0.145%	$65K	—	50x	as long as short