Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0833%/8h= +91.2% APRpaid last 24h +0.104%

Price spread now: Aftermath Perps against Phemex−0.306%7-day average +0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.451%+$45 on $10k

Price spread, last 4 days (all we have)+0.515%+$51 · spread now −0.306%, 7d avg +0.128%

Together, before fees+0.966%+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.435% cheaper against Phemex than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of +0.128%). If the spread goes back, that is −$43 on $10k: about 42 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7700	−0.0406	get 0.0203% / 4h	2h 35m	$1.4M	$2.8M	20x
Short	Aftermath Perps LITUSD	4.7554	0.0427	get 0.0053% / 1h	35m 04s	$8K	$204K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.306%Rate

Funding earned: $174.91
Price spread: −0.306% → +0.128%: −$43.47
Slippage, 4 orders: −$83.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $26.6
Costs to cover: 1.048%
Break-even: 5.9 days

Slippage from Phemex: live order book, 4 min ago; Aftermath Perps: live order book, 14 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, 4 min ago	4.21 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 14 min ago	4.01 bp	17.7 bp −$18	doesn't fit	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	−0.0448%	1h	4.7300	−0.838%	$612K	$347K	50x	as long as short
Phemex LITUSDTlong	−0.0406%	4h	4.7700	long leg	$1.4M	$2.8M	20x
Orderly PERP_LIT_USDC	−0.0373%	4h	4.7741	+0.086%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0272%	1h	4.7788	+0.184%	$31K	$4K	5x	as long as short
GRVT LIT_USDT_Perp	−0.0212%	4h	4.7640	−0.125%	$888K	$1.9M	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0183%	1h	4.7744	+0.092%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0157%	1h	4.7765	+0.136%	$86K	$68K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0142%	4h	4.7700	0.000%	$25.7M	$61.1M	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7579	−0.254%	$205K	$283K	5x	as long as short
RISEx LIT/USDC	−0.0012%	1h	4.7810	+0.231%	$825K	$2.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LITUSDT	−0.0010%	4h	4.7723	+0.048%	$41.6M	$28.5M	75x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7782	+0.173%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7799	+0.208%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7759	+0.124%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.713%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7757	+0.119%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7793	+0.195%	$59.6M	$27.8M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7784	+0.177%	$2.2M	$1.6M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7820	+0.251%	$214.2M	$40.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7811	+0.233%	$578K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7720	+0.042%	$76.6M	$77.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7800	+0.210%	$118K	$462K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7750	+0.105%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7737	+0.078%	$5.8M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	+0.147%	$6.8M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7754	+0.113%	$669K	$1.1M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7604	−0.202%	$291K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7660	−0.084%	$57K	$74K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7791	+0.191%	$449K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7771	+0.148%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7742	+0.088%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7745	+0.094%	$1K	$337K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7785	+0.178%	$202K	$345K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7306	−0.826%	$118K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7733	+0.069%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7749	+0.102%	$149K	—	3x	as long as short
Lighter RH LIT	+0.0176%	1h	4.7804	+0.218%	$3.7M	$13.0M	5x	as long as short
Aster LITUSDT	+0.0219%	4h	4.7806	+0.222%	$12.8M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7821	+0.254%	$1.6M	$2.0M	75x	as long as short
Aftermath Perps LITUSDshort	+0.0427%	1h	4.7554	−0.306%	$8K	$204K	10x
GMX LIT/USD [ETH-USDC]	L +0.0441% / S −0.0231%	1h	4.7794	+0.197%	$66K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.7787	+0.182%	$32K	$688K	33x	as long as short