Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.030%

Price spread now: Binance against Phoenix+0.454%105s7-day average −0.160% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.507% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−1.710%−$171 · spread now +0.454%, 7d avg −0.160%

Together, before fees−1.795%−$179 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.613% dearer against Phoenix than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of −0.160%. Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.7003	−0.0034	get 0.0004% / 1h	53m 44s	$202K	$299K	5x
Short	Binance LITUSDT	4.7216	0.0100	get 0.0050% / 4h	3h 53m	$75.7M	$79.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now +0.454%Rate

Funding earned: $28.17
Price spread: +0.454% → −0.160%: $61.35
Slippage, 4 orders: −$33.67
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $38.86
Costs to cover: 0.507%
Break-even: from the start

Slippage from Phoenix: live order book, 62 min ago; Binance: live order book, 4 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 Phoenix live order book, 62 min ago	1.92 bp	16.1 bp −$16	58.1 bp −$581	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.53 bp	6.5 bp −$7	35.7 bp −$357	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
ApeX Omni LITUSDT	−0.0659%	1h	4.7030	+0.057%	$56K	$76K	50x	as long as short
Nado LIT-PERP	−0.0551%	1h	4.7233	+0.488%	$2.2M	$1.7M	10x	as long as short
Orderly PERP_LIT_USDC	−0.0390%	4h	4.7161	+0.336%	$32K	$1K	10x	as long as short
Bybit LITUSDT	−0.0338%	4h	4.7226	+0.474%	$41.3M	$28.9M	75x	as long as short
Phemex LITUSDT	−0.0315%	4h	4.7180	+0.377%	$1.4M	$2.8M	20x	as long as short
01 Exchange LITUSD	−0.0312%	1h	4.7240	+0.504%	$33K	$3K	5x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0307%	1h	4.7218	+0.458%	$41K	$40K	10x	as long as short
Coinbase International LIT-PERP-INTX	−0.0304%	1h	4.6904	−0.211%	$613K	$352K	50x	as long as short
Bullet LIT-USD	−0.0225%	1h	4.7205	+0.430%	$84K	$68K	20x	as long as short
GRVT LIT_USDT_Perp	−0.0126%	4h	4.6975	−0.059%	$904K	$1.7M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LIT_USDC_PERP	−0.0123%	1h	4.7252	+0.530%	$663K	$1.4M	5x	as long as short
Phoenix LITlong	−0.0034%	1h	4.7003	long leg	$202K	$299K	5x
OKX LIT-USDT-SWAP	−0.0010%	4h	4.7217	+0.455%	$25.4M	$61.5M	50x	as long as short
RISEx LIT/USDC	−0.0008%	1h	4.7247	+0.520%	$807K	$2.2M	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7291	+0.614%	$34K	—	5x	as long as short
KuCoin LITUSDTM	+0.0002%	4h	4.7226	+0.474%	$5.3M	$1.0M	30x	as long as short
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7250	+0.526%	$11K	—	150x	as long as short
Aftermath Perps LITUSD	+0.0018%	1h	4.7091	+0.188%	$10K	$205K	10x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.206%	$422	$178K	5.5x	as long as short
Extended LIT-USD	+0.0056%	1h	4.7222	+0.465%	$5.2M	$5.0M	25x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7234	+0.491%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7267	+0.562%	$59.0M	$28.1M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7300	+0.632%	$211.2M	$42.0M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7247	+0.519%	$577K	$1.6M	10x	as long as short
Binance LITUSDTshort	+0.0100%	4h	4.7216	+0.454%	$75.7M	$79.4M	75x
Arcus LIT-USD	+0.0100%	1h	4.7237	+0.498%	$118K	$451K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7220	+0.462%	$2.7M	$4.2M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7226	+0.474%	$5.7M	$3.8M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7270	+0.568%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.6995	−0.017%	$287K	$304K	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7220	+0.462%	$441K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7244	+0.514%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7216	+0.453%	$5K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7214	+0.449%	$1K	$385K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.6909	−0.200%	$198K	$360K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7192	+0.401%	$118K	$8K	10x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7203	+0.425%	$148K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7274	+0.576%	$31K	$761K	33x	as long as short
Aster LITUSDT	+0.0248%	4h	4.7322	+0.678%	$12.7M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7102	+0.211%	$1.6M	$1.9M	75x	as long as short
Lighter RH LIT	+0.0352%	1h	4.7311	+0.655%	$3.8M	$13.1M	5x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7249	+0.524%	$65K	—	50x	as long as short