Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0523%/8h= −57.2% APRpaid last 24h −0.021%

Price spread now: Bullet against Phemex−0.016%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 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	4.6820	0.0100	pay 0.0050% / 4h	2h 41m	$1.4M	$2.7M	20x
Short	Bullet LIT-USD	4.6812	−0.0423	pay 0.0053% / 1h	41m 36s	$84K	$73K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$109.74
Price spread: −0.016% → 0.000%: −$1.64
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$131.38
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Bullet: 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	3.19 bp	29.9 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.0753%	1h	4.6828	+0.016%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0600%	1h	4.6790	−0.064%	$33K	$4K	5x	as long as short
Orderly PERP_LIT_USDC	−0.0467%	4h	4.6752	−0.145%	$32K	$2K	10x	as long as short
Bullet LIT-USDshort	−0.0423%	1h	4.6812	−0.016%	$84K	$73K	20x
OKX LIT-USDT-SWAP	−0.0176%	4h	4.6861	+0.088%	$25.5M	$63.5M	50x	as long as short
Gate LIT_USDT	−0.0166%	4h	4.6880	+0.128%	$2.8M	$4.3M	50x	as long as short
Backpack LIT_USDC_PERP	−0.0160%	1h	4.6910	+0.192%	$680K	$1.4M	5x	as long as short
KuCoin LITUSDTM	−0.0138%	4h	4.6854	+0.073%	$5.2M	$1.1M	30x	as long as short
GRVT LIT_USDT_Perp	−0.0132%	4h	4.7027	+0.442%	$893K	$1.8M	10x	as long as short
Phoenix LIT	−0.0102%	1h	4.7081	+0.557%	$203K	$352K	5x	as long as short

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	+0.830%	$668K	$387K	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.6903	+0.177%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S 0.0000%	1h	4.6861	+0.087%	$469	—	150x	as long as short
Bulk LIT-USD	+0.0028%	1h	4.6991	+0.366%	$117K	$1K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.606%	$422	$178K	5.5x	as long as short
Paradex LIT-USD-PERP	+0.0037%	8h	4.6830	+0.021%	$7K	$2K	5x	as long as short
ApeX Omni LITUSDT	+0.0052%	1h	4.7040	+0.470%	$56K	$77K	50x	as long as short
SoDEX LIT-USD	+0.0072%	1h	4.6835	+0.032%	$1K	$453K	5x	as long as short
RISEx LIT/USDC	+0.0081%	1h	4.6890	+0.151%	$781K	$2.0M	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6913	+0.199%	$58.8M	$29.3M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.6815	−0.011%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6977	+0.335%	$210.5M	$44.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.6951	+0.280%	$12.6M	$2.1M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.6863	+0.092%	$581K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6842	+0.046%	$74.8M	$80.5M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6858	+0.081%	$42.1M	$29.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6858	+0.081%	$116K	$448K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6851	+0.066%	$5.5M	$4.1M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6910	+0.192%	$6.7M	$2.7M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6985	+0.353%	$286K	$306K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6833	+0.028%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6862	+0.089%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6868	+0.103%	$4K	$1.2M	20x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7061	+0.515%	$188K	$354K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.6820	long leg	$1.4M	$2.7M	20x
Lighter RH LIT	+0.0104%	1h	4.6933	+0.241%	$3.7M	$13.2M	5x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6824	+0.008%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6809	−0.023%	$146K	—	3x	as long as short
Aftermath Perps LITUSD	+0.0318%	1h	4.7051	+0.493%	$8K	$210K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7139	+0.681%	$1.6M	$2.0M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0402% / S −0.0196%	1h	4.6852	+0.069%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6859	+0.082%	$31K	$860K	33x	as long as short