Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h +0.062%

Price spread now: RISEx against Phemex+0.081%7-day average +0.075% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.215%+$22 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now +0.081%, 7d avg +0.075%

Together, before fees+0.479%+$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.075%, so right now this pair is about funding alone: +$4 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	4.6830	−0.0048	get 0.0024% / 4h	1h 27m	$1.4M	$2.8M	20x
Short	RISEx LIT/USDC	4.6868	0.0099	get 0.0012% / 1h	27m 47s	$781K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.081%Rate

Funding earned: $30.85
Price spread: +0.081% → +0.075%: $0.61
Slippage, 4 orders: −$55.56
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$42.1
Costs to cover: 0.736%
Break-even: 16.6 days

Slippage from Phemex: live order book, 6 min ago; RISEx: live order book, 1 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, 6 min ago	6.40 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	1.71 bp	4.7 bp −$5	14.9 bp −$149	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
Orderly PERP_LIT_USDC	−0.0389%	4h	4.6797	−0.070%	$32K	$1K	10x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0379%	1h	4.6856	+0.056%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0280%	1h	4.6785	−0.096%	$33K	$4K	5x	as long as short
Bullet LIT-USD	−0.0276%	1h	4.6851	+0.045%	$84K	$68K	20x	as long as short
Gate LIT_USDT	−0.0126%	4h	4.6880	+0.107%	$2.7M	$4.2M	50x	as long as short
Phoenix LIT	−0.0085%	1h	4.6961	+0.280%	$202K	$341K	5x	as long as short
Phemex LITUSDTlong	−0.0048%	4h	4.6830	long leg	$1.4M	$2.8M	20x
Coinbase International LIT-PERP-INTX	−0.0024%	1h	4.6800	−0.065%	$611K	$423K	50x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.6887	+0.122%	$11K	—	150x	as long as short
KuCoin LITUSDTM	+0.0006%	4h	4.6861	+0.066%	$5.2M	$1.0M	30x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LITUSDT	+0.0006%	1h	4.6880	+0.107%	$56K	$76K	50x	as long as short
dYdX LIT-USD	+0.0008%	1h	4.6860	+0.064%	$34K	—	5x	as long as short
OKX LIT-USDT-SWAP	+0.0017%	4h	4.6848	+0.038%	$25.3M	$61.5M	50x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.584%	$422	$178K	5.5x	as long as short
GRVT LIT_USDT_Perp	+0.0048%	4h	4.6933	+0.220%	$911K	$1.7M	10x	as long as short
Paradex LIT-USD-PERP	+0.0072%	8h	4.6807	−0.049%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.6886	+0.120%	$58.5M	$28.7M	5x	as long as short
RISEx LIT/USDCshort	+0.0099%	1h	4.6868	+0.081%	$781K	$2.0M	5x
Nado LIT-PERP	+0.0100%	1h	4.6828	−0.003%	$2.2M	$1.7M	10x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.6903	+0.156%	$209.5M	$41.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.6873	+0.092%	$579K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.6842	+0.026%	$74.5M	$78.6M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.6850	+0.043%	$41.5M	$28.6M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.6853	+0.049%	$117K	$449K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.6831	+0.002%	$117K	$2K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.6842	+0.026%	$5.4M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.6860	+0.064%	$6.7M	$2.6M	20x	as long as short
Backpack LIT_USDC_PERP	+0.0100%	1h	4.6880	+0.107%	$690K	$1.4M	5x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6894	+0.136%	$286K	$305K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.6863	+0.070%	$443K	$104K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.6881	+0.109%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.6806	−0.051%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.6854	+0.051%	$1K	$411K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6923	+0.199%	$194K	$380K	30x	as long as short
Extended LIT-USD	+0.0104%	1h	4.6827	−0.007%	$5.2M	$5.0M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.6834	+0.009%	$146K	—	3x	as long as short
Lighter RH LIT	+0.0112%	1h	4.6927	+0.207%	$3.7M	$13.2M	5x	as long as short
Aster LITUSDT	+0.0193%	4h	4.6935	+0.224%	$12.6M	$2.0M	50x	as long as short
Aftermath Perps LITUSD	+0.0220%	1h	4.6874	+0.094%	$9K	$207K	10x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.6860	+0.064%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0412% / S −0.0209%	1h	4.6888	+0.124%	$63K	—	50x	as long as short
Perpl LIT	+0.0447%	43m	4.6874	+0.093%	$31K	$824K	33x	as long as short