Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.034%

Price spread now: ApeX Omni against Phemex+0.168%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. ApeX Omni is 0.168% dearer against Phemex than usual: you sell high and buy low (spread +0.168% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. Mind the row above: over the last 7 days funding on this pair paid +0.094%, 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	Phemex LITUSDT	4.7660	0.0099	pay 0.0049% / 4h	1h 46m	$1.3M	$2.8M	20x
Short	ApeX Omni LITUSDT	4.7740	0.0063	get 0.0008% / 1h	46m 22s	$57K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.168%Rate

Funding earned: −$7.49
Price spread: +0.168% → 0.000%: $16.79
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$12.7
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; ApeX Omni: no order-book sample. Net counts fees only.

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	6.29 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0568%	1h	4.7649	−0.023%	$42K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7761	+0.212%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0385%	4h	4.7591	−0.145%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0232%	1h	4.7632	−0.059%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0216%	1h	4.7653	−0.015%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0175%	4h	4.7663	+0.006%	$25.5M	$61.4M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0072%	4h	4.7650	−0.022%	$882K	$2.0M	10x	as long as short
Backpack LIT_USDC_PERP	−0.0072%	1h	4.7691	+0.065%	$672K	$1.1M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7680	+0.043%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7695	+0.074%	$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 LIT	+0.0033%	1h	4.7792	+0.277%	$205K	$301K	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.797%	$422	$178K	5.5x	as long as short
ApeX Omni LITUSDTshort	+0.0063%	1h	4.7740	+0.168%	$57K	$73K	50x
KuCoin LITUSDTM	+0.0078%	4h	4.7725	+0.136%	$5.4M	$992K	30x	as long as short
Paradex LIT-USD-PERP	+0.0093%	8h	4.7654	−0.014%	$7K	$2K	5x	as long as short
Bybit LITUSDT	+0.0093%	4h	4.7646	−0.029%	$41.3M	$28.6M	75x	as long as short
Lighter LIT	+0.0096%	1h	4.7730	+0.147%	$59.4M	$27.2M	5x	as long as short
Phemex LITUSDTlong	+0.0099%	4h	4.7660	long leg	$1.3M	$2.8M	20x
Nado LIT-PERP	+0.0100%	1h	4.7655	−0.010%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7702	+0.088%	$619K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7632	−0.060%	$76.3M	$76.9M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7678	+0.038%	$124K	$457K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7710	+0.105%	$119K	$7K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7700	+0.084%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7635	−0.052%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7710	+0.105%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7723	+0.132%	$292K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7658	−0.004%	$447K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7676	+0.033%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7657	−0.006%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7690	+0.063%	$1K	$331K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7801	+0.296%	$198K	$323K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7623	−0.078%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7647	−0.027%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7701	+0.087%	$32K	$677K	33x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7688	+0.060%	$795K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0185%	1h	4.7789	+0.271%	$9K	$214K	10x	as long as short
Aster LITUSDT	+0.0221%	4h	4.7741	+0.169%	$12.8M	$2.0M	50x	as long as short
Hyperliquid LIT	+0.0286%	1h	4.7749	+0.187%	$215.4M	$40.4M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7647	−0.027%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0376%	1h	4.7751	+0.191%	$3.6M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0424% / S −0.0217%	1h	4.7680	+0.043%	$64K	—	50x	as long as short