Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.053%

Price spread now: Extended against Phemex−0.030%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.030%, 7d avg −0.006%

Together, before fees+0.362%+ Points / potential airdropExtended: Active · farm board+$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.024% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.8070	0.0100	pay 0.0050% / 4h	9m 45s	$1.7M	$2.8M	20x
Short	Extended LIT-USD	4.8055	0.0104	get 0.0013% / 1h	9m 45s	$5.2M	$3.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.84
Price spread: −0.030% → −0.006%: −$2.41
Slippage, 4 orders: −$69.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$88.14
Costs to cover: 0.866%
Break-even: 741.5 days

Slippage from Phemex: live order book, 2 min ago; Extended: live order book, 2 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	2.08 bp	34.6 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.91 bp	8.7 bp −$9	26.6 bp −$266	doesn't fit	doesn't fit

LIT on 42 exchanges

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	−0.0396%	4h	4.8007	−0.131%	$33K	$1K	10x	as long as short
GRVT LIT_USDT_Perp	−0.0282%	4h	4.8173	+0.214%	$900K	$2.1M	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0272%	1h	4.8484	+0.860%	$600K	$176K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0189%	1h	4.8065	−0.010%	$47K	$28K	10x	as long as short
01 Exchange LITUSD	−0.0168%	1h	4.8134	+0.133%	$30K	$9K	5x	as long as short
Bullet LIT-USD	−0.0143%	1h	4.8059	−0.023%	$86K	$37K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0034%	4h	4.8063	−0.015%	$26.1M	$49.9M	50x	as long as short
dYdX LIT-USD	0.0000%	1h	4.8093	+0.049%	$35K	—	5x	as long as short
Phoenix LIT	0.0000%	1h	4.8143	+0.152%	$207K	$240K	5x	as long as short
RISEx LIT/USDC	+0.0002%	1h	4.8160	+0.187%	$807K	$2.6M	5x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0003%	1h	4.8085	+0.032%	$25K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0015%	1h	4.8190	+0.250%	$9K	$143K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.062%	$422	$116K	5.5x	as long as short
Gate LIT_USDT	+0.0086%	4h	4.8070	0.000%	$2.6M	$3.0M	50x	as long as short
Paradex LIT-USD-PERP	+0.0089%	8h	4.8070	0.000%	$7K	$1K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.8100	+0.062%	$59.5M	$21.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.8065	−0.010%	$2.1M	$1.2M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.8103	+0.068%	$218.5M	$31.3M	5x	as long as short
Aster LITUSDT	+0.0100%	4h	4.8118	+0.100%	$12.8M	$1.4M	50x	as long as short
Pacifica LIT	+0.0100%	1h	4.8101	+0.064%	$617K	$1.3M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.8033	−0.077%	$76.4M	$56.0M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.8050	−0.042%	$41.2M	$22.0M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.8142	+0.150%	$126K	$258K	5x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.8034	−0.075%	$6.5M	$3.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.8075	+0.010%	$5.6M	$470K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.8090	+0.042%	$7.0M	$1.5M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.8080	+0.021%	$687K	$386K	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8090	+0.043%	$297K	$367K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8190	+0.250%	$61K	$77K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.8078	+0.017%	$459K	$72K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.8077	+0.014%	$2K	$4K	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.8034	−0.075%	$4K	$952K	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.8068	−0.004%	$3K	$295K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.8131	+0.127%	$189K	$191K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.8070	long leg	$1.7M	$2.8M	20x
Bulk LIT-USD	+0.0100%	1h	4.8163	+0.194%	$133K	$20K	10x	as long as short
Extended LIT-USDshort	+0.0104%	1h	4.8055	−0.030%	$5.2M	$3.7M	25x
Aevo LIT-PERP	+0.0104%	1h	4.8045	−0.051%	$150K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.8107	+0.077%	$28K	$429K	33x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.8058	−0.025%	$1.7M	$2.6M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0419% / S −0.0215%	1h	4.8084	+0.029%	$63K	—	50x	as long as short
Lighter RH LIT	+0.0480%	1h	4.8132	+0.129%	$3.5M	$12.1M	5x	as long as short