Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0207%/8h= −22.6% APRpaid last 24h +0.013%

Price spread now: Coinbase International against Phemex−0.374%7-day average +0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$910.905% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.691%−$69 on $10k

Price spread, last 4 days (all we have)+0.640%+$64 · spread now −0.374%, 7d avg +0.169%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.543% cheaper against Phemex than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of +0.169%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7080	−0.0097	get 0.0049% / 4h	3h 25m	$1.3M	$2.8M	20x
Short	Coinbase International LIT-PERP-INTX	4.6904	−0.0304	pay 0.0038% / 1h	25m 35s	$613K	$352K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.374%Rate

Funding earned: −$43.39
Price spread: −0.374% → +0.169%: −$54.27
Slippage, 4 orders: −$68.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$188.21
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Coinbase International: live order book, 28 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, 3 min ago	3.19 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 28 min ago	9.39 bp	16.9 bp −$17	38.9 bp −$389	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	−0.0421%	1h	4.7097	+0.036%	$41K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0377%	4h	4.7035	−0.096%	$32K	$1K	10x	as long as short
Coinbase International LIT-PERP-INTXshort	−0.0304%	1h	4.6904	−0.374%	$613K	$352K	50x
Bullet LIT-USD	−0.0275%	1h	4.7082	+0.003%	$84K	$67K	20x	as long as short
01 Exchange LITUSD	−0.0264%	1h	4.7064	−0.034%	$33K	$3K	5x	as long as short
Bybit LITUSDT	−0.0133%	4h	4.7081	+0.002%	$41.1M	$28.9M	75x	as long as short
Phemex LITUSDTlong	−0.0097%	4h	4.7080	long leg	$1.3M	$2.8M	20x
OKX LIT-USDT-SWAP	−0.0031%	4h	4.7077	−0.006%	$25.4M	$60.9M	50x	as long as short
ApeX Omni LITUSDT	−0.0022%	1h	4.7140	+0.127%	$56K	$76K	50x	as long as short
Phoenix LIT	−0.0017%	1h	4.7116	+0.076%	$203K	$299K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx LIT/USDC	−0.0008%	1h	4.7107	+0.058%	$800K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7141	+0.129%	$34K	—	5x	as long as short
Perpl LIT	0.0000%	43m	4.7111	+0.067%	$31K	$745K	33x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7117	+0.078%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0018%	4h	4.7090	+0.021%	$5.3M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.039%	$422	$178K	5.5x	as long as short
Nado LIT-PERP	+0.0055%	1h	4.7043	−0.080%	$2.2M	$1.7M	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7147	+0.142%	$58.8M	$28.3M	5x	as long as short
Paradex LIT-USD-PERP	+0.0097%	8h	4.7028	−0.110%	$6K	$2K	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7162	+0.174%	$210.6M	$41.6M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7120	+0.085%	$573K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7071	−0.020%	$75.5M	$79.1M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7105	+0.053%	$118K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7081	+0.002%	$117K	$8K	10x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7110	+0.064%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7074	−0.013%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7090	+0.021%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.7127	+0.100%	$660K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7062	−0.039%	$288K	$303K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7070	−0.021%	$904K	$1.8M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7081	+0.002%	$440K	$85K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7128	+0.103%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7036	−0.093%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7087	+0.015%	$1K	$374K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7120	+0.085%	$199K	$359K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7057	−0.050%	$5.2M	$4.9M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7068	−0.024%	$147K	—	3x	as long as short
Lighter RH LIT	+0.0184%	1h	4.7162	+0.174%	$3.7M	$13.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0244%	1h	4.7142	+0.131%	$9K	$205K	10x	as long as short
Aster LITUSDT	+0.0254%	4h	4.7178	+0.207%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7094	+0.030%	$1.6M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7126	+0.098%	$65K	—	50x	as long as short