Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.081%

Price spread now: Aevo against Phemex−0.010%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1451.454% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.010%, 7d avg −0.005%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.6730	−0.0046	get 0.0023% / 4h	1h 56m	$1.4M	$2.8M	20x
Short	Aevo LIT-PERP	4.6725	0.0104	get 0.0013% / 1h	56m 53s	$146K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.010%Rate

Funding earned: $31.6
Price spread: −0.010% → −0.005%: −$0.45
Slippage, 4 orders: −$117.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$114.3
Costs to cover: 1.454%
Break-even: 32.3 days

Slippage from Phemex: live order book, 2 min ago; Aevo: live order book, 7 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 Phemex live order book, 2 min ago	10.68 bp	40.6 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 7 min ago	14.92 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit

LIT on 41 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
Orderly PERP_LIT_USDC	−0.0414%	4h	4.6681	−0.105%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0379%	1h	4.6731	+0.001%	$41K	$40K	10x	as long as short
Bullet LIT-USD	−0.0316%	1h	4.6735	+0.011%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.6746	+0.034%	$33K	$4K	5x	as long as short
Phoenix LIT	−0.0102%	1h	4.6990	+0.556%	$202K	$339K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0074%	4h	4.7009	+0.598%	$899K	$1.7M	10x	as long as short
KuCoin LITUSDTM	−0.0056%	4h	4.6807	+0.165%	$5.2M	$1.1M	30x	as long as short
OKX LIT-USDT-SWAP	−0.0050%	4h	4.6846	+0.248%	$25.3M	$61.4M	50x	as long as short
Phemex LITUSDTlong	−0.0046%	4h	4.6730	long leg	$1.4M	$2.8M	20x
ApeX Omni LITUSDT	−0.0031%	1h	4.7030	+0.642%	$56K	$77K	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6781	+0.110%	$662K	$365K	50x	as long as short
Gate LIT_USDT	−0.0012%	4h	4.6850	+0.257%	$2.7M	$4.2M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6762	+0.069%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6770	+0.085%	$11K	—	150x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.803%	$422	$178K	5.5x	as long as short
Bulk LIT-USD	+0.0039%	1h	4.6872	+0.304%	$117K	$1K	10x	as long as short
Paradex LIT-USD-PERP	+0.0055%	8h	4.6735	+0.011%	$7K	$2K	5x	as long as short
Backpack LIT_USDC_PERP	+0.0070%	1h	4.6808	+0.167%	$678K	$1.3M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6803	+0.156%	$58.5M	$28.4M	5x	as long as short
RISEx LIT/USDC	+0.0099%	1h	4.6803	+0.155%	$780K	$2.0M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6745	+0.032%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6906	+0.377%	$209.7M	$41.4M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6767	+0.080%	$580K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6815	+0.182%	$74.5M	$78.2M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6830	+0.214%	$41.5M	$28.7M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6760	+0.064%	$116K	$446K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6767	+0.079%	$5.4M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6840	+0.235%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	+0.567%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6773	+0.092%	$442K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6765	+0.076%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6732	+0.004%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6755	+0.053%	$1K	$417K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7000	+0.578%	$189K	$358K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6774	+0.094%	$5.1M	$5.0M	25x	as long as short
Aevo LIT-PERPshort	+0.0104%	1h	4.6725	−0.010%	$146K	—	3x
Lighter RH LIT	+0.0128%	1h	4.6839	+0.233%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0150%	4h	4.6843	+0.242%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0297%	1h	4.6984	+0.543%	$10K	$210K	10x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0407% / S −0.0203%	1h	4.6756	+0.055%	$62K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6815	+0.183%	$31K	$833K	33x	as long as short