Settings8H · net · $10k
Funding arb · Price arb /

LIT

all LIT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0390%/8h= +42.7% APRpaid last 24h +0.098%
Price spread now: BloFin against Phoenix+0.068%106s7-day average −0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.669% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.262%+$26 on $10k
Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.068%, 7d avg −0.144%
Together, before fees+0.060%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.212% dearer against Phoenix than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.144%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.262% in total (about 13.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix LIT4.7209−0.0050get 0.0006% / 1h55m 21s$205K$361K5x
ShortBloFin LIT-USDT4.72410.0340get 0.0170% / 4h3h 55m$1.5M$2.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$81.98
Price spread: +0.068% → −0.144%
$21.16
Slippage, 4 orders
−$47.85
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
$36.29
Costs to cover
0.669%
Break-even
3.9 days
Slippage from Phoenix: live order book, 16 min ago; BloFin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 16 min ago1.90 bp16.1 bp −$1657.7 bp −$577doesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago7.63 bp17.7 bp −$1831.8 bp −$318doesn't fitdoesn't fit

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni LITUSDT−0.0814%1h4.7230+0.044%$55K$77K50xas long as short
Deribit LIT_USDC-PERPETUAL−0.0812%1h4.7121−0.187%$41K$40K10xas long as short
01 Exchange LITUSD−0.0648%1h4.7082−0.269%$33K$4K5xas long as short
Orderly PERP_LIT_USDC−0.0533%4h4.7090−0.252%$32K$2K10xas long as short
Gate LIT_USDT−0.0418%4h4.7210+0.002%$2.8M$4.4M50xas long as short
Bullet LIT-USD−0.0331%1h4.7148−0.130%$84K$77K20xas long as short
OKX LIT-USDT-SWAP−0.0307%4h4.7153−0.119%$25.6M$63.9M50xas long as short
Phemex LITUSDT−0.0268%4h4.7230+0.044%$1.4M$2.7M20xas long as short
GRVT LIT_USDT_Perp−0.0178%4h4.7220+0.023%$904K$1.8M10xas long as short
KuCoin LITUSDTM−0.0176%4h4.7143−0.140%$5.2M$1.1M30xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LIT-PERP-INTX−0.0088%1h4.7414+0.433%$670K$402K50xas long as short
Phoenix LITlong−0.0050%1h4.7209long leg$205K$361K5x
Backpack LIT_USDC_PERP−0.0025%1h4.7253+0.093%$680K$1.4M5xas long as short
dYdX LIT-USD0.0000%1h4.7193−0.034%$34K5xas long as short
Perpl LIT0.0000%43m4.7192−0.037%$31K$858K33xas long as short
gTrade (Gains Network) LIT/USDL +0.0003% / S −0.0003%1h4.7202−0.015%$35K150xas long as short
Paradex LIT-USD-PERP+0.0027%8h4.7125−0.178%$7K$2K5xas long as short
Injective LIT/USDC PERP+0.0033%1h4.8040+1.760%$422$178K5.5xas long as short
Polymarket Perps LIT-USD+0.0046%1h4.7169−0.085%$446K$105K10xas long as short
Bybit LITUSDT+0.0079%4h4.7142−0.142%$42.5M$30.4M75xas long as short
Lighter LIT+0.0096%1h4.7211+0.004%$59.0M$29.4M5xas long as short
Nado LIT-PERP+0.0100%1h4.7165−0.093%$2.2M$1.7M10xas long as short
Hyperliquid LIT+0.0100%1h4.7238+0.061%$211.9M$45.1M5xas long as short
Aster LITUSDT+0.0100%4h4.7213+0.009%$12.6M$2.4M50xas long as short
Pacifica LIT+0.0100%1h4.7184−0.053%$586K$1.7M10xas long as short
Binance LITUSDT+0.0100%4h4.7134−0.158%$75.2M$82.1M75xas long as short
Arcus LIT-USD+0.0100%1h4.7170−0.083%$116K$459K5xas long as short
Bulk LIT-USD+0.0100%1h4.7190−0.041%$118K$1K10xas long as short
MEXC LIT_USDT+0.0100%4h4.7136−0.155%$5.6M$4.1M100xas long as short
Bitget LITUSDT+0.0100%4h4.7180−0.061%$6.7M$2.8M20xas long as short
edgeX LITUSDC+0.0100%4h4.7216+0.015%$287K$309K10xas long as short
Derive LIT-PERP+0.0100%1h4.7184−0.052%$2K6.7xas long as short
SunX LIT-USDT+0.0100%4h4.7121−0.186%$5K$1.2M20xas long as short
SoDEX LIT-USD+0.0100%1h4.7133−0.161%$995$471K5xas long as short
HTX LIT-USDT+0.0100%4h4.7275+0.140%$189K$347K30xas long as short
Extended LIT-USD+0.0104%1h4.7101−0.229%$5.2M$5.2M25xas long as short
Aevo LIT-PERP+0.0104%1h4.7208−0.003%$148K$44K3xas long as short
RISEx LIT/USDC+0.0119%1h4.7191−0.037%$795K$2.1M5xas long as short
Lighter RH LIT+0.0152%1h4.7231+0.047%$3.7M$13.6M5xas long as short
Aftermath Perps LITUSD+0.0236%1h4.7289+0.170%$13K$203K10xas long as short
BloFin LIT-USDTshort+0.0340%4h4.7241+0.068%$1.5M$2.1M75x
GMX LIT/USD [ETH-USDC]L +0.0381% / S −0.0174%1h4.7187−0.047%$62K50xas long as short