Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.050%

Price spread now: 01 Exchange against Phemex−0.163%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and 01 Exchange is 0.163% cheaper against Phemex than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LITUSDT	4.7790	0.0100	pay 0.0050% / 4h	1h 00m	$1.4M	$2.8M	20x
Short	01 Exchange LITUSD	4.7712	−0.0264	pay 0.0033% / 1h	0m 47s	$31K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.163%Rate

Funding earned: −$76.44
Price spread: −0.163% → 0.000%: −$16.32
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$111.76
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; 01 Exchange: 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, 3 min ago	1.05 bp	24.7 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.7780	−0.022%	$605K	$352K	50x	as long as short
Orderly PERP_LIT_USDC	−0.0364%	4h	4.7720	−0.146%	$33K	$1K	10x	as long as short
01 Exchange LITUSDshort	−0.0264%	1h	4.7712	−0.163%	$31K	$3K	5x
Deribit LIT_USDC-PERPETUAL	−0.0223%	1h	4.7778	−0.025%	$42K	$40K	10x	as long as short
Bullet LIT-USD	−0.0197%	1h	4.7769	−0.045%	$86K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0140%	4h	4.7753	−0.077%	$25.6M	$60.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0068%	4h	4.7810	+0.042%	$884K	$2.0M	10x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7790	+0.001%	$34K	—	5x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7812	+0.046%	$11K	—	150x	as long as short
Phoenix LIT	+0.0033%	1h	4.7845	+0.115%	$205K	$301K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+0.523%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0037%	1h	4.7782	−0.017%	$674K	$941K	5x	as long as short
Bybit LITUSDT	+0.0045%	4h	4.7743	−0.098%	$41.4M	$28.0M	75x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7739	−0.108%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7849	+0.123%	$59.5M	$27.6M	5x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7748	−0.087%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7800	+0.020%	$768K	$1.8M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7746	−0.092%	$76.5M	$75.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7787	−0.006%	$124K	$444K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7800	+0.021%	$2.8M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7748	−0.088%	$5.8M	$4.0M	100x	as long as short
KuCoin LITUSDTM	+0.0100%	4h	4.7817	+0.056%	$5.4M	$984K	30x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7810	+0.042%	$6.8M	$2.5M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7795	+0.010%	$292K	$304K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.7890	+0.209%	$57K	$73K	50x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7778	−0.025%	$448K	$83K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7837	+0.098%	$2K	$961	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7762	−0.059%	$4K	$1.1M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7776	−0.029%	$1K	$333K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7871	+0.169%	$199K	$298K	30x	as long as short
Phemex LITUSDTlong	+0.0100%	4h	4.7790	long leg	$1.4M	$2.8M	20x
Bulk LIT-USD	+0.0100%	1h	4.7895	+0.220%	$119K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7741	−0.102%	$5.1M	$5.1M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7782	−0.016%	$149K	—	3x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7810	+0.042%	$796K	$2.3M	5x	as long as short
Aster LITUSDT	+0.0191%	4h	4.7825	+0.074%	$12.8M	$1.9M	50x	as long as short
Hyperliquid LIT	+0.0275%	1h	4.7849	+0.123%	$215.9M	$39.0M	5x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7763	−0.056%	$1.6M	$2.3M	75x	as long as short
Lighter RH LIT	+0.0368%	1h	4.7864	+0.155%	$3.7M	$13.3M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7811	+0.043%	$64K	—	50x	as long as short
Aftermath Perps LITUSD	+0.0427%	1h	4.7873	+0.173%	$10K	$205K	10x	as long as short
Perpl LIT	+0.0447%	43m	4.7814	+0.050%	$32K	$664K	33x	as long as short