Funding arb · Price arb /

LIT

all LIT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h +0.102%

Price spread now: BloFin against Phoenix−0.678%7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$33 on $10k

Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.678%, 7d avg −0.149%

Together, before fees+0.869%+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.529% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.678% now, against its 7-day average of −0.149%). If the spread goes back, that is −$53 on $10k: about 4.9 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.325% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LIT	4.8232	−0.0017	get 0.0002% / 1h	55m 47s	$207K	$266K	5x
Short	BloFin LIT-USDT	4.7905	0.0340	get 0.0170% / 4h	1h 55m	$1.6M	$2.3M	75x

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

Position, each leg$Hold fordaysFee PhoenixbpFee BloFinbpOrdersPrice spread, now −0.678%Rate

Funding earned: $74.94
Price spread: −0.678% → −0.149%: −$52.91
Slippage, 4 orders: −$47.28
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$44.24
Costs to cover: 0.663%
Break-even: 11.1 days

Slippage from Phoenix: live order book, 50 min ago; BloFin: 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 Phoenix live order book, 50 min ago	1.90 bp	16.1 bp −$16	57.9 bp −$579	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.85 bp	13.0 bp −$13	24.7 bp −$247	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
Coinbase International LIT-PERP-INTX	−0.0440%	1h	4.8177	−0.113%	$610K	$370K	50x	as long as short
Deribit LIT_USDC-PERPETUAL	−0.0426%	1h	4.7761	−0.977%	$42K	$40K	10x	as long as short
Orderly PERP_LIT_USDC	−0.0378%	4h	4.7720	−1.062%	$33K	$1K	10x	as long as short
01 Exchange LITUSD	−0.0320%	1h	4.7762	−0.974%	$31K	$3K	5x	as long as short
Bullet LIT-USD	−0.0226%	1h	4.7761	−0.977%	$85K	$66K	20x	as long as short
OKX LIT-USDT-SWAP	−0.0172%	4h	4.7752	−0.995%	$25.6M	$62.3M	50x	as long as short
GRVT LIT_USDT_Perp	−0.0060%	4h	4.8130	−0.211%	$892K	$1.9M	10x	as long as short
Polymarket Perps LIT-USD	−0.0020%	1h	4.7760	−0.979%	$448K	$83K	10x	as long as short
Phoenix LITlong	−0.0017%	1h	4.8232	long leg	$207K	$266K	5x
dYdX LIT-USD	0.0000%	1h	4.7901	−0.686%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7798	−0.900%	$11K	—	150x	as long as short
Backpack LIT_USDC_PERP	+0.0029%	1h	4.7761	−0.977%	$673K	$1.1M	5x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	−0.398%	$422	$178K	5.5x	as long as short
KuCoin LITUSDTM	+0.0080%	4h	4.7799	−0.898%	$5.4M	$1.0M	30x	as long as short
Paradex LIT-USD-PERP	+0.0094%	8h	4.7860	−0.771%	$7K	$2K	5x	as long as short
Lighter LIT	+0.0096%	1h	4.7802	−0.892%	$59.5M	$27.2M	5x	as long as short
Phemex LITUSDT	+0.0097%	4h	4.7760	−0.979%	$1.3M	$2.8M	20x	as long as short
Nado LIT-PERP	+0.0100%	1h	4.7779	−0.938%	$2.1M	$1.6M	10x	as long as short
Pacifica LIT	+0.0100%	1h	4.7883	−0.724%	$614K	$1.7M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7729	−1.043%	$76.6M	$77.9M	75x	as long as short
Bybit LITUSDT	+0.0100%	4h	4.7750	−0.999%	$41.4M	$28.8M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7887	−0.715%	$124K	$465K	5x	as long as short
Gate LIT_USDT	+0.0100%	4h	4.7780	−0.937%	$2.8M	$4.1M	50x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7736	−1.028%	$5.9M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7770	−0.958%	$6.8M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.8093	−0.289%	$294K	$302K	10x	as long as short
ApeX Omni LITUSDT	+0.0100%	1h	4.8160	−0.149%	$57K	$75K	50x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7760	−0.979%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7728	−1.045%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7765	−0.968%	$1K	$336K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7823	−0.848%	$199K	$343K	30x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.8185	−0.097%	$120K	$7K	10x	as long as short
Extended LIT-USD	+0.0104%	1h	4.7728	−1.045%	$5.1M	$5.2M	25x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7785	−0.927%	$149K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7889	−0.712%	$32K	$690K	33x	as long as short
Lighter RH LIT	+0.0144%	1h	4.7833	−0.827%	$3.6M	$13.1M	5x	as long as short
RISEx LIT/USDC	+0.0148%	1h	4.7867	−0.756%	$798K	$2.2M	5x	as long as short
Aftermath Perps LITUSD	+0.0179%	1h	4.8130	−0.211%	$9K	$221K	10x	as long as short
Hyperliquid LIT	+0.0225%	1h	4.7838	−0.817%	$215.8M	$41.8M	5x	as long as short
Aster LITUSDT	+0.0229%	4h	4.7821	−0.852%	$12.8M	$2.0M	50x	as long as short
BloFin LIT-USDTshort	+0.0340%	4h	4.7905	−0.678%	$1.6M	$2.3M	75x
GMX LIT/USD [ETH-USDC]	L +0.0425% / S −0.0217%	1h	4.7787	−0.923%	$64K	—	50x	as long as short