Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.072%

Price spread now: Phoenix against OKX+0.159%76s7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$530.534% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)+3.258%+$326 · spread now +0.159%, 7d avg +0.157%

Together, before fees+3.524%+$352 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.157%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 76 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	OKX LIT-USDT-SWAP	4.7087	−0.0173	get 0.0087% / 4h	2h 46m	$25.6M	$63.9M	50x
Short	Phoenix LIT	4.7162	−0.0102	pay 0.0013% / 1h	46m 07s	$203K	$352K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now +0.159%Rate

Funding earned: $14.93
Price spread: +0.159% → +0.157%: $0.26
Slippage, 4 orders: −$36.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$38.18
Costs to cover: 0.534%
Break-even: 24.9 days

Slippage from OKX: live order book, 3 min ago; Phoenix: live order book, 20 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 OKX live order book, 3 min ago	0.43 bp	9.9 bp −$10	27.4 bp −$274	doesn't fit	doesn't fit
Sell Phoenix live order book, 20 min ago	2.10 bp	16.0 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
Deribit LIT_USDC-PERPETUAL	−0.0582%	1h	4.7086	−0.002%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0568%	1h	4.7023	−0.136%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0466%	4h	4.7025	−0.132%	$32K	$2K	10x	as long as short
Bullet LIT-USD	−0.0403%	1h	4.7050	−0.079%	$84K	$72K	20x	as long as short
Backpack LIT_USDC_PERP	−0.0184%	1h	4.7104	+0.036%	$683K	$1.4M	5x	as long as short
OKX LIT-USDT-SWAPlong	−0.0173%	4h	4.7087	long leg	$25.6M	$63.9M	50x
Gate LIT_USDT	−0.0158%	4h	4.7080	−0.015%	$2.8M	$4.2M	50x	as long as short
KuCoin LITUSDTM	−0.0134%	4h	4.7068	−0.040%	$5.3M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0122%	4h	4.7120	+0.070%	$895K	$1.8M	10x	as long as short
Phoenix LITshort	−0.0102%	1h	4.7162	+0.159%	$203K	$352K	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0080%	1h	4.7209	+0.259%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7122	+0.075%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.7098	+0.024%	$471	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	−0.204%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.024%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0044%	8h	4.7057	−0.064%	$7K	$2K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.7104	+0.036%	$785K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7135	+0.102%	$59.0M	$29.2M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7042	−0.095%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7150	+0.134%	$211.3M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.7131	+0.094%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.7094	+0.015%	$584K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7052	−0.074%	$75.2M	$80.4M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7067	−0.042%	$42.3M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7077	−0.021%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7053	−0.072%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7100	+0.028%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7154	+0.142%	$287K	$306K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7150	+0.134%	$56K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7060	−0.057%	$445K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7113	+0.056%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7088	+0.002%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7070	−0.036%	$1K	$457K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7032	−0.117%	$188K	$354K	30x	as long as short
Phemex LITUSDT	+0.0100%	4h	4.7060	−0.057%	$1.4M	$2.7M	20x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7048	−0.083%	$5.2M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7040	−0.101%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0120%	1h	4.7165	+0.166%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0339%	1h	4.7110	+0.049%	$9K	$209K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.110%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0403% / S −0.0195%	1h	4.7099	+0.025%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7081	−0.012%	$31K	$861K	33x	as long as short